You are here: HomeNews2014 11 05Article 333600

GNPC secures $1bn ‘needless’ loan without parliament’s approval

This article is closed for comments.

Read Comments Comments (61)

  • Mark 9 years ago

    why do you always want to tell us in Ghana that we are fools? everything that this government will do is needless and you want to come to power? Gabby in your life as a person what have you done right? if this is what you wil ...
    read full comment

  • Ghanaman 9 years ago

    What do they get paid to do? Everything passes by without their knowledge and they never learn

  • Whatever 9 years ago

    GNPC was set up by the Republic of Ghana to explore and find for oil. It belongs to the people of Ghana, if you are going for loan common alone should tell you you seek approval from the owners or their representatives in Par ...
    read full comment

  • NICHOLAS 9 years ago

    This issue raised is coming from Gabby Otchere-Darko, the man whose dream is to see his family man, Akufo-Addo as the President of Ghana and to make matters worse, the story was carried out by the discredited Statesman newspa ...
    read full comment

  • DusTY-FooT-pHiloSophER 9 years ago

    Corruption indeed. All must stand up against corruption of any shape or size if we are to make Ghana the paradise that we frantically seek. However, out of desperation for power, one must not go "cooking-up" unfounded stories ...
    read full comment

  • princewilly@ymail.com 9 years ago

    Kuffuor said corruption was there before Adam but Satan created corruption.

  • BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9 years ago

    THIS STUBBORN NANA BINLADDO DELIBERATELY REFUSED TO PARTAKE IN THE NATIONAL SANITATION DAY. NANA TRUELY HATE GHANA.

  • Mahmoud 9 years ago

    It's my belief that the NDC government will not be able to fight against corruption in this country because the governement itself is the corruption.

  • Frank Agyena-Karikari 9 years ago

    If such a huge amount is being contracted without Parliamentary approval, then it is wrong. If Parliament approved of it and it is really used for the betterment of Ghana, then there is nothing wrong with it. Also, irrespecti ...
    read full comment

  • David Ansah 9 years ago

    See who is talking. Why were you fired at your former job?. Today you have the fucking guts to call some Ghanaians corrupt. Asshole.

  • princewilly@ymail.com 9 years ago

    Kathy goes to her local bank, walks into the managers office, and says, I want a loan; I am going to divorce my husband. Oh, we dont give loans for divorces, the manager says. We offer loans only for things like real estate, ...
    read full comment

  • Concerned 9 years ago

    Gabby said such an amount of loan requires parliamentary approval.
    To borrow such a huge amount you need to plan what you are going to spend it on and how. The budget is where you put those plans.
    Whether you are ndc or ...
    read full comment

  • DusTY-FooT-pHiloSophER 9 years ago

    Can you believe this nonsense from this Asare “Gabby” Otchere-Darko guy? In fact, the NPP party have nothing different to offer Ghanaians and have instead resulted into lying uncontrollably to hopefully achieve their targ ...
    read full comment

  • PRINCE KWASI ADADE (OFIE) 9 years ago

    WE KNOW ONLY TWO NAMES, NANA ADDO & BAWUMIA. NANA'S LEADERSHIP WITH BAWUMIA IS EXCELLENT. NANA IS OUR POLITICAL MESSIAH!! WE WILL PATIENTLY WAIT FOR HIM TO COME AND LIBERATE US FROM OUR ECONOMIC OPPRESSORS.WE CAN'T PUT OUR TR ...
    read full comment

  • LOVEJOY - USA 9 years ago

    That drug ADDICT, the one without Law Cert., all he knows is LIES, DRUGS, SEX & BOOZE.

  • Kojo Appiah, N.Y. 9 years ago

    Love Joy, You are too much! You just nailed the truth that these nation wreckers, called NPP, hate to hear!

  • i'm 17 yrs but wiser than mahama.... 9 years ago

    Gyimiiii...its only a fool that will insults our only hope NANA ADDO

  • All die be die 9 years ago

    Lovejoy you are spot on nana binladdo boasted in 2008 that those who said he isn't strong should ask his numerous girlfriends. And that the nima meigugias are his girlfriends. Is that statement from a serious person who want ...
    read full comment

  • bbbb 9 years ago

    a loan so that they can pump more money into black stars for players anf honorarium members to share.

  • Concerned 9 years ago

    Look at the kind of english you write and i dare say speak when such serious matters are being talked about then people like you who dont have a clue start talking nonsense.

  • princewilly@ymail.com 9 years ago

    A loan shark asks a lawyers advice: How can I get back my $1,000 from Johnny if I lost my loan receipt? Send a letter where you will write to him to send you the $2,000 he owns you. Ok but I only loaned him $1,000! That’s t ...
    read full comment

  • HARD LISTENERS 9 years ago

    Lawless, clueless and nation wreckers is this NDC govt. chop chop is all they know. remember, inflation is the problem with our cedi and not dollars. check prices of things outside and see if there are great changes. aseidu n ...
    read full comment

  • General Ankrah 9 years ago

    Won't these people ever learn? Your sister has been involved in these shady deals in the past. But for political considerations, she have been behind bars, as we speak. Instead of being inspired to do the right thing this tim ...
    read full comment

  • GONJA RASMAN 9 years ago

    GHANAIANS NEVER LEARN AND ARE AFRAID TO RISE UP AGAINST THIS JON MAHAMA GOVERNMENT UNDER THE PRETEXT OF DEMOCRACY BUT DEMOCRACY HAS ITS SHORT AND THIS ALEX MOULD THE BROTHER OD BETTY MOULD ARE STEALING FROM THE STATE RIGHT LE ...
    read full comment

  • AGYAAKU 9 years ago

    Is this an ambush or what is it? Mr. Okyere Darko has such vital (scoop) information/complain and he waits till the very day the loan is to be disbursed and wants the President to stop it? Such a feat could not have been achi ...
    read full comment

  • Togbe K. Agbenyo 9 years ago

    Good job Gabby for exposing this people, the reason is,GNPC is State Institution created by law. Anything, they do without Parliamentary approval is unconstitutional. It is the NDC government that needed this money for it's p ...
    read full comment

  • olu 9 years ago

    skin pain. When K4 was gallivanting across the globe receiving petty cash loan and making an ass of himself, we were told by this same Gaby to thank K4 for his generous gestures. Today that our institutions are attracting Bil ...
    read full comment

  • hawa 9 years ago

    THE MOULD FAMILY ARE STILL CHEATING THE COUNTRY. GOD IS ON STANDBY!

  • PEKI TUMU 9 years ago

    ARGENTINA in the making

  • cha 9 years ago

    Alot of these ppl will go to jail- just a matter of time

  • ACCRAMAN 9 years ago

    Most of their school mates (old boys/girls) are sitting on the supreme court and some of them are also spread out as judges in other jurisdictions. How do you convict them?

    They are raping the country in broad daylight kno ...
    read full comment

  • Kofi 9 years ago

    Trafigura...best known for the oil for food scandal and the Ivory Coast toxic waste dumping is now digging its way into Ghana.GNPC bosses should bear in mind that if any scandal occur in future,we will get them before their l ...
    read full comment

  • frizgunz 9 years ago

    ndc at work again...lets see how good they can steal...but its a pity muthafuckers dnt applauds when ppl like these dicks steal frm de nation..they will keep fuckin ur minds

  • Anaabi Safi 9 years ago

    IT APPEARS THERE IS NO ONE IN CHRAGE OF FISCAL MANAGEMENT IN GHANA. NOW ANY GOVERNMENT APPOINTEE AT THE HELMS OF STATE OWNED ENTERPRISES/SOCALLED PARASTATALS CAN BORROW MONEY AND MORTGAGE NATIONAL RESOURCES WITHOUT ANYONE IN ...
    read full comment

  • Dessy 9 years ago

    GNPC should scale down the loans of exploration and also slow down exploration itself since the more pressure from these group, theore mistakes we create consequently box the country into debt that our share of oil cannot ...
    read full comment

  • AGYAAKU 9 years ago

    How do they "hit oil" without carrying out exploration? President Kufuor inherited the fruits of Mr. Tsatsu Tsikata's hard exploratory hard work in the off-shore fields without acknowledging his hard work. Instead, he put him ...
    read full comment

  • OKYENANTI. 9 years ago

    WHERE IS THIS MONEY THE GOVERNMENT BORROWING EVERY DAY GOING GHNAIANS ARE SUFFERING AND BILLIONS OF DOLARS BORROWING EVERYDAY .NO WONDER THEY HAVE STARTED SHOOTING POLITICIANS.

  • KOJO 9 years ago

    Speculative piece of information full of conjectures and falsehoods coming from desperate politicians parading themselves as analyst. So so lies!

  • John 9 years ago

    The money manhama having been stolen is coming back. During election time money will coming without parliament approval. Thanks

  • freddie 9 years ago

    Gabby useless hopeless man can't dictate to the government of ghana. You better shut up your fucken mouth and watch the goods the money is going to bring to ghana. You fucken moron.

  • Paapa Owusu -Ansah 9 years ago

    If these piece news is credible then we have to chase this man and some people out of GNPC office, this idiots cannot take the whole Ghanaians for fools, we've been mining gold and diamond for over 100 years without any good ...
    read full comment

  • kay-vii 9 years ago

    Eeiiiii luutin of moda ghana's moni again?pls God kindly descend on these akronfo) leaders cos ghanaians aa really suffering

  • GENERAL DeGAULE 9 years ago

    "ostensibly for oil & gas exploration and development"

    Exploration is by nature risky and speculative. You may or may not find the "gold mine'. So what sense does it make to contract to repay the loan using revenue from th ...
    read full comment

  • GHANABA 9 years ago

    Please folks, is ok for GNPC to go for an international agreement like this one without parliamentary approval? why are we so partisan even if our own life is at stake? GNPC may have good intentions but it must follow due pro ...
    read full comment

  • GHANABA 9 years ago

    Please folks, is it ok for GNPC to go in for an international agreement like this one without parliamentary approval? why are we so partisan even if our own life is at stake? GNPC may have good intentions but it must follow d ...
    read full comment

  • CHE 9 years ago

    GHANAWEB SHOULD VERIFY THE RELIABILITY OF STORIES LIKE THIS BY INCLUDING WHAT ATTEMPTS IT MADE TO ASCERTAIN THE VERACITY OF THE SOURCE WITH DEUTSCHE BANK

  • Pusher 9 years ago

    Shut up for now and try to win power.

  • Alex 9 years ago

    The CEO of GNPC must face prosecution for this blind side transaction on behalf of Ghanaians. Why what have we done to deserve these sorts of theft and corruption from government and its cohort?

  • No Friend 9 years ago

    Hello friends, it's choooooop tiiiiiime.
    Chop time, no friend. Let's get groving.
    It's chop time people. Chop time is here. It is chop time, chop chop chop chop. Ti's chop timeeee.

  • STEVOOOO... 9 years ago

    They are plain old thieves yet we continue to tolerate them... Why?.......... The mould family are snakes sharks and vampires....

  • We The People 9 years ago

    Alex Mould, keep it up. Take as much as you want, as much insatiable avarice leads you. Enjoy while you can...before the...(take a guess!)

  • ernest 9 years ago

    What a crazy prez MAHAMA he don't respect law Gnpc n workers 3rd tier is not 4 u corruption is too much. Why such a money didn't not pass parliament

  • Yankee 9 years ago

    The USA people do not hear of such monies wasted as is being done in Africa. Some of these monies can reduce poverty levels in Ghana drastically if invested in a productive venture. Government do go in for foreign aid loans b ...
    read full comment

  • SEIDU JOHNSON GERMANY 9 years ago

    ALMIGHTY GOD SHOULD HAVE MERCY ON GHANA HHHHHMMMMMMM.......

  • Queen 9 years ago

    "These people" are PROFESSIONAL THIEVES.THE MATTER IS SERIOUS

  • Old Monk 9 years ago

    Nincompoop patapaa party. Skin pain people. Matemeho generation. Let's thank god that the international community even have confidence in the economy that the Npp has run down for far too long. They are now crying that a cred ...
    read full comment

  • Yaw 9 years ago

    Can the journalist at least get the other side and the bank also to opine? This may be a true story but pls practice good journalism to be credible. Let your readers know that the source of your story is an NPP man opposed to ...
    read full comment

  • STONER KOBYLYNTON 9 years ago

    Yaw, your point is clear but it is the responsibility of GNPC management to come and rufute the part of this story which is not true. The way I see this story, about 80% of the entire content was provided to "The Statesman" ...
    read full comment

  • oor 9 years ago

    Buffons ama ghana thanks you a lot for your repayments yoo
    You were given free education at the backs of the poor farmming folks who you turn to insult now you are rapping at broadday light do you think a little ghana .? God ...
    read full comment

  • Concerned 9 years ago

    Hawa God is certainly on standy by. Like King David in the Bible i choose harsh psalms like 35 and request that God deals with these wicked people and their generations to come mercilessly

  • Concerned 9 years ago

    You are indeed a Fool