Welcome to the 94-95 GT ping-thing.
Cleaning the MAF, IAT and ECT is where most folks start (the MAF being clean is super critical on 94-95's). Clocking the MAF if you have a CAI can help. Backing down timing or adding octane is common (or both).
Does it ping when really standing-on-it or is it under light throttle (that's a load-based processor question there)? AODE or T5? If the former, is the converter locked when it pings?
More info will help.
Good luck.