Ghana Gas enters new era of growth and accountability — Board Chair at AGM

At the recently concluded Annual General Meeting (AGM) of the Ghana National Gas Company, Board Chairman Hon. Kofi Totobi Quakyi delivered a powerful address highlighting the company’s renewed focus on productivity, accountability, and integrity. These three guiding principles, he emphasized, are setting the tone for a transformative era at Ghana Gas.

A defining year: Strong performance and strategic milestones

Describing 2024 as a “defining year,” Hon. Totobi Quakyi outlined several key achievements that reflect Ghana Gas’s operational strength and strategic focus. According to the Board Chairman, the company not only exceeded its revenue targets but also delivered on a number of critical projects that align with Ghana’s broader energy ambitions.

Key accomplishments in 2024 included:

• Acquisition of Ghana Cylinder Manufacturing Company: A strategic move to support Ghana’s energy transition and expand value chain integration.
• Completion of a 3.8km Pipeline Extension: The pipeline now connects to the Tema Free Zones enclave, enabling expanded industrial supply and economic activity.
• Landmark Gas Sales Agreement with Tetracore Ltd.: This agreement lays the foundation for Ghana’s first Compressed Natural Gas (CNG) project, marking a new direction in clean energy solutions.
• Progress on Gas Processing Plant II (GPP II): Construction and development on the second gas processing facility is on track, a critical step in increasing domestic gas capacity and reliability.

Governance in focus: Lessons from the 2024 Audit

Despite celebrating notable milestones, the Chairman was forthright about challenges identified in the 2024 audit report. He acknowledged the presence of governance and compliance issues and used the opportunity to stress the importance of internal reform and a culture of transparency.

“Highlighting these issues is not about assigning blame,” Hon. Totobi Quakyi asserted. “It is about drawing lessons and applying them with greater discipline as we move forward.”

This statement reaffirmed the Board’s commitment to accountability and its resolve to enhance corporate governance standards across the organization.

The path forward: Building a model energy institution

In his closing remarks, the Board Chairman expressed strong optimism about the future of Ghana Gas. He noted that the experiences of 2024 — both the successes and the governance lessons — have laid a firm foundation for the company’s next phase of development.

Hon. Totobi Quakyi reiterated that Ghana Gas is not only on track to remain a reliable processor and supplier of natural gas, but is also positioning itself as a benchmark for good corporate governance and impact-driven development within Ghana’s energy sector.

Conclusion

The speech at the AGM signaled more than just a review of the year — it marked the unveiling of a new chapter for Ghana Gas, one driven by performance, responsibility, and long-term national impact. Under the leadership of Hon. Totobi Quakyi and the Board, the company appears poised to play a central role in Ghana’s energy future.