Dr. George Sipa-Adjah Yankey, CEO of the Ghana National Gas Company (Ghana Gas), is set to proceed on terminal leave, a press release has stated.
According to the statement, “the Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017”. Corporate Communications Manager of Ghana Gas, Mr. Alfred Ogbamey, said Dr. Yankey leaves behind an inspirational legacy of overseeing the conception, birth and growth of Ghana’s premier natural gas processing company. “He has led the pioneering of Ghana Gas from its incorporation in July 2011 through its successful implementation of Phase I of the Western Corridor Gas Infrastructure Development Project (WCGIDP), to the processing and supply of “First Gas” to the Volta River Authority (VRA) beginning 1:45 pm, Monday, November 24, 2014”, he said.
Dr Yankey supervised the Construction and Operations phases of the Company, and has served as a board member and CEO of the Company since it was dreamt as a concept and the structures established. The Company directly employs about 300 people and provides thousands of ancillary jobs in the service, hotelier, marketing, and transport industries, as well as in the delivering and retailing of LPG and Condensates across Ghana. “Under the leadership of the outgoing CEO, Ghana Gas completed the three-tier Ghana Gas project, from conception and design to the construction of a 12-inch 58-kilometre Offshore Pipeline, a 20-inch 111-kilometre Onshore Pipeline and a world class Atuabo Gas Processing Plant (GPP) within a period less than the three-to-four year standard global timeline for such projects,” the statement said. He oversaw the engineering, design and installation of a second overhead De-ethenizer Compressor which will be connected to Ghana Gas facilities in February 2017. He also led the negotiation of the upgrade of the processing capacity of the Atuabo Gas Processing Plant (GPP) from 150 million standard cubic feet of gas a day (mmscfd) to 180 mmscfd, construction of the 290 km Offshore Pipeline from Aboadze to Tema and signed the Project Implementation Agreements (PIAs) for both projects in September 2016.
Dr Yankey came into the CEO Job at Ghana Gas with a background as a Finance, Trade and Investment Lawyer. He is a former Minister of Health, a former President of ECOWAS Bank, a former Adjunct Professor at the International Law Institute, Georgetown University, Washington D.C. and a Visiting Instructor at the Law Development Institute in Rome, Italy. The main challenge he leaves for his successor to tackle is the inability of Ghana Gas’ main downstream off-taker, VRA, to pay over US$450 million debt owed the Company for lean gas supplied to the Aboadze Thermal enclave to generate electricity. A 2016 first half-year report by the Public Interest and Accountability Committee (PIAC), which projected the debt at about $307 million in June last year, noted that the non-servicing of the debt could impact negatively on domestic natural production.
Source: Ghana Gas
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Isn't this the Sipa Yankee man who supervised the dropping of valuable equipment meant for the Atuabo Gas enclave in the sea at Cape Town, South Africa a few years ago? Did he tell us how he could retrieve those huge equipment from the belly of the sea to complete the Atuabo Gas project? He has quaffed the money and gently running away so that no one will know his misdeeds. He will surely vomit the cash.... or join good old Woyome in the next few days in the courts where they will be sent to reside in a gated community owned by government. I bet Sipa will be caged again. Ghana will work again.
Welcome doc Yankey. Posterity will judge your works because I know how good you are and how strict you can be. The witch hunters will come and go without you in their hunting bag. Just have a good rest
when it is coming it is doing , literally meaning he knows what si coming but terminal resignation won't help you so get ready you are going to jail again .
DR YANKEY WILL GO BACK TO PRISON AGAIN.
Dr Yankey is KROOK and very very Corrupt ;so the man spills all these CV stuff for people to accept the fact that he has done a GOOd job ; the fact is that it is a FALSE resume ; the man has pluged the company into debt ; examine the report of PIAC financial report for half 2016 ; and you just see how the mismanaged this man has managed this project ;Dr Yankey should also understand that the mere acquisition of paper qualifications and listing mediocre experience such as this project does not impress any body ; Dr Yankey should probed and investigated by the EOCO and BNI just like Opuni-Frimpong at Cocoa Board ; this man is an NDC KROOK who hae done deals with Jon Mahama; kwesi bothway ;allotey jacobs and others and are today selling and sharing gas amongst themselves ; this Dr Yankey should always that his uncle was caged for stilling and therefore should be careful he does not end up inm jail.
So with all the so called good things you have listed above, if you could retrieve the debt of over US$450 million owed the Company by VRA, don't you think the company can go bankrupt and collapse, all the investment would have gone waste? For your notice, when Kufour government discovered the oil, the government then had taken steps to get Caribbean investors to establish Gas Processing factory in the Western Region. NDC took over and got the contract abrogated. they then took the sitting of the factory to Yankey's hometown, ATUABO. You see the pettiness of NDC. Any way, Yankey should be sack so that he does not earn salary whiles on leave.
thank you dr yankey for a job well done for mother Ghana and its good to bow out and not wait for humiliation.