Performance Monitoring
The State Enterprises Commission (SEC) has been the key stakeholder in monitoring the Corporation’s performance through a mid-year and annual assessment.Also, over the past few years the Corporation has adopted the Performance Management System (PMS) as a tool for measuring performance through our set objectives. Based on the broad corporate objectives, departmental objectives and key performance indicators (KPIs) are set, out of which individuals derive their targets. Mid-year assessment is conducted to take care of any variations in the scope of operations before the conduct of the annual appraisal, where adjustments are made to accommodate any extenuating circumstances.

Unincorporated Investments
These represent GNPC's main Exploration and Production investments covered under the various Petroleum Agreements and Data Acquisition Agreements. GNPC, by law, is a party to all upstream Petroleum Agreements in Ghana. The Corporation also enters into agreements with various companies for data acquisition.

Incorporated Investments
Subsidiaries
GNPC Exploration and Production Company (Explorco)
The GNPC Exploration and Production Company Limited (Explorco) was borne out of GNPC’s aspiration to grow its interests and participation in exploration and production activities in the country. Explorco is also a key plank of GNPC’s strategic tools to achieve rapid capacity building and technology transfer to GNPC staff to enable the attainment of the Corporation’s goal of becoming a world-class operator in 15 years. GNPC sought to meet this ambition by taking on measured commercial risk in selected blocks through Explorco and build operating capability through the Joint Operating Company (“JOCs”) concept/model with world-class operators. 
Following relevant approvals from the GNPC Board and the Minister for Energy & Petroleum, Explorco was registered as a Limited liability Company in November 2012.

Assets
Explorco has negotiated stakes in 6 blocks offshore Ghana. The blocks are located in three strategically focused areas in the Tano-Cape Three Points and Keta Basins.








Mole Motel   
GNPC holds 60% equity in the Mole Motel, located in the Mole National Park, the remaining 40% is held by the Wildlife Department of the Forestry Commission. This is GNPC's flagship 'green' project aimed at contributing to environmental sustainability in Ghana. The Mole National Park is the largest wildlife reserve in Ghana, located in the West Gonja District of the Northern Region of Ghana, 24 km from Damongo.

Prestea Sankofa Gold Limited
GNPC holds 90% equity in the gold mine. The Government of Ghana holds the remaining 10%.

Strategic Investments
GNPC-Technip Engineering Services Ltd
Joint venture service company between GNPC and Technip, established in 2012 and providing engineering services to the oil and gas industry. GNPC holds a 30% equity share with an option to increase its shareholding up to 51% by 2019. This is another strategic vehicle used by the Corporation to ensure rapid transfer of operating capabilities.

Saltpond Offshore Producing Company Limited 
Operating and production company for the Saltpond Field. GNPC owns 45% with the remainder held by LushannEternit Energy Limited. The Saltpond Field was discovered in 1970. Its current production is about 250 barrels of oil per day.

GNPC – AGM Operating Company (OPCO)
In line with the Corporation's strategy, GNPC uses the Joint Operating Company concept in which GNPC-Explorco and AGM Ghana will jointly operate selected blocks.

Other Investments
Airtel Ghana
GNPC holds a 25% equity stake in Airtel Ghana Limited after divestment of part of its stake in 2008. Airtel Ghana is currently the number 4 mobile operator by market share in Ghana