Jubilee partners, operators of the jubilee oilfields, on Thursday launched an exhibition in Kumasi to educate Senior High School (SHS) students on activities involved in the exploration, production and lifting of oil. The aim of the exhibition is to keep them adequately informed about what goes into the production of oil and the opportunities...
Editorial
Govt Has No Excuse to Keep Confidentiality Clauses in Contracts
Opinion- Public Agenda In 2007 over 450 delegates meeting in the Norwegian capital of Oslo for the third plenary conference of the Extractive Industry Transparency Initiative (EITI) shared a common dream – to get the EITI principles and criteria mainstreamed into all international finance and investment norms and practices, such that, countries and...
Let’s Counter Opacity And Party Cronyism in Ghana’s Oil
The revelations that in a number of oil contracts signed with International Oil Companies (IOCs) small parcels of interests are held by Ghanaians, who did not pay a pesewa for the stake they hold, is worrying, more so, when the principals or the beneficiary owners of these interests have their umbilical cords deeply rooted...
Editorial: Review Petroleum and Mining Contracts
Government has once more been called upon to review all mining and petroleum contracts regardless of the presence or absence of stability clauses in order to increase government equity or revenue and redirect investment. If for nothing at all, Ghana must emulate the examples of Tanzania, Zambia and other countries worldwide which have reviewed...
Vice President says Ghana will follow Norwegian example in oil
Vice President John Dramani Mahama on Tuesday said Ghana would collaborate with the Norwegian government to ensure effective management and use of revenue from oil and gas. He said the Norwegian sense of equity and justice exhibited in their oil industry over the years was worth replicating in Ghana for the benefit of the...
Ghana’s Petroleum Revenue Management bill promises greater transparency and accountability: Commentary
INTRODUCTION: Ghana has again achieved a landmark success by passing its Petroleum Revenue Management Bill in spite of the delay and highly partisan debate on the bill. What is unique about the passage of the bill is its coincidence with the opening of the 5th Global Conference of the Extractive Industries Transparency Initiative in Paris,...
Use oil revenue to develop infrastructure – Dr Sachs
GNA – A development economist, Dr Jeffrey Sachs on Tuesday advised Ghana to invest her oil revenue in development projects such as construction of more schools, hospitals, roads and other infrastructure that would benefit all Ghanaians. Speaking at the Millennium Cities Initiative Accra Partners Conference, Dr Sachs said it was important to improve on...
