Ghana Gas CEO Madam Judith A Blay , has controversially found herself in some procurement breaches. She’s alledged to among other infractions written to the Minister of finance , Dr. Ato Forson on works totaling 352 Million Ghana Cedis for the first and second quarter of the 2026 year. This which she did without the authorization of the board . The company is said to be operation with an un approved budget which on its own is a breach of proper corporate governance practice.
The board has asked the CEO and Management to reduce their bloated engineering budget presented by Maxwell Kally and have also called for a deeping of cost cutting measures like reducing of staff salaries by 15%.
The board has taken note of the CEOs letter to the finance ministry and shown displeasure for which she has been sanctioned and reported to the sector Minister who has not responded.
Recently we also saw Policy think tank IMANI Africa has raised legal and procurement concerns over changes to insurance arrangements at the Ghana National Gas Company, warning that disrupting an existing structured insurance programme could have far-reaching consequences for international reinsurance markets. This is one of various procument breaches Ghana Gas is currently involveded with. Ghana Gas scored abysmally in the recently published state ownership report and league table by SIGA which comes as a big worry as to the performance of the current CEO who seems to the incompetent.
The concerns are outlined in the second instalment of IMANI’s Insurance Question series, which identifies the Ghana Gas case as being “at the centre of this dispute”.
According to submissions made by GLICO General Insurance Ltd to the Presidency, the company had secured a structured insurance programme for Ghana Gas involving participation from A-rated international reinsurers, including the London market.
GLICO stated that it had arranged a two-year locked-in reinsurance structure with pricing advantages negotiated at the international level. However, its role as lead insurer was terminated effective 31 December 2025, with a different insurer assuming responsibility from 1 January 2026.
IMANI’s analysis raises three key questions about the transition: whether the change followed a competitive procurement process, whether existing contractual obligations were properly reviewed and lawfully terminated, and whether the implications for international reinsurance commitments were assessed before the change was made.
“Once reinsurance capacity is allocated, it is not easily reversed,” the analysis states. “It is priced, committed, and supported by balance sheets outside Ghana.”
IMANI warned that unilateral disruption of such arrangements could carry systemic consequences, potentially affecting Ghana’s credibility in international insurance markets, future risk pricing, the availability of reinsurance capacity, and the long-term cost of insuring strategic national assets.
Some energy and governance experts have called on his excellency the President and the sector minister to help resolve the insurance matters as any other procurement issues to ensure Ghana Gas meets its objective of providing a reliable source of fuel for power generation.
