Government is expected to publish its income from the sale of the country’s crude oil. Similarly companies which buy the oil would be obliged to publish the amounts they paid to government for it.
Posted on: Wednesday, July 21, 2010 | Viewed: 97 times
Cabinet has in a letter dated 24 May, 2010 approved the GHEITI Revised Institutional Framework document. This approval gives the GHEITI Secretariat of the Ministry of Finance and Economic Planning the mandate to roll-out Ghana EITI to the oil and gas sector.
Posted on: Friday, June 11, 2010 | Viewed: 162 times
The Minister of Information, Mr. John Tia Akologo, has assured Ghanaians about the government’s commitment to the transparent management of the revenue that will accrue from the country’s oil find.
Posted on: Wednesday, January 06, 2010 | Viewed: 152 times
The Ghana Mine Workers Union has advocated the setting of Mining Community Development Fund from mining royalties to facilitate infrastructural development in those communities.
Posted on: Monday, May 31, 2010 | Viewed: 141 times
THE Director of Monitoring at the Minerals Commission, Mr. Amponsah Tawiah, has commended the government for its commitment to the Extractive Industries Transparency Initiative (EITI).The EITI is an international body that seeks to commit governments to voluntarily adopt high standards of transparency and account¬ability in the disbursement of their country's oil, gas, and mining revenues.
EXECUTIVE SUMMARY
1.0 BACKGROUND
In 2003, Ghana signed onto the Extractive Industries Transparency Initiative (EITI). By this singular action Ghana joined the list of countries implementing EITI globally. As an EITI implementing country, Ghana is required to apply the principles of the initiative to its extractive sector(s).
CIVIL society organizations (CSOs) in the country have been tasked to generate a draft legislation to be considered as a legal framework for the Ghana Extractive Industry Transparency Initiative (GHEITI), an initiative that seeks to ensure transparency in the management of revenue from the extractive industry.
TULLOW Oil PLC's Jubilee field in Ghana is on target to produce its first oil in the fourth quarter this year, with the first cargo expected as early as December, said a senior executive at the oil company this week.
"First oil is on schedule for the fourth quarter, so discovery to first in 40 months," Tullow's Exploration Manager for Gulf of Guinea, Robin Sutherland, said at the Africa Petroleum Con¬ference in London.
"The government needs to take strong action to combat the corruption and secrecy that undermine Angolans' rights" - Arvind Ganesan, Director of the Business and Human Rights Program at Human Rights Watch.
We wish to commend Mr. Stephen Yeboah of the Department of Planning, KNUST for putting out some information on the Ghana Extractive Industries Transparency Initiative (GHEITI) in a paper titled “Ghana and the Extractive Industries Transparency Initiative-Matters Arising (ghanaweb.com-14th March, 2010 and modernghana.com-15th March, 2010). This is an indication of a strong public interest in the issues of the Ghana Extractive Industries Transparency Initiative (GHEITI). It also confirms public use of the GHEITI website.
Posted on: Thursday, April 15, 2010 | Viewed: times
GHANA will soon conclude the process of extending the Extractive Industries Transparency lnitiative (EITI) to cover the oil and gas sector, Vice President John Dramani Mahama,has announced.
Posted on: Monday, January 04, 2010 | Viewed: times
Hon. Alhaji Collins Dauda (MP), Minister for Lands and Natural Resources, has described mining companies operating in Ghana as key partners of government in the development of the nation in view of their common interest in enhancing living standards of communities in their areas of operation.
Posted on: Wednesday, February 24, 2010 | Viewed: times
Introduction: The Ghana Extractive Industries Transparency Initiative (GHEITI) National Steering Committee through GTZ and the Integrated Social Development Centre (ISODEC) on behalf of Civil Society Organizations (CSOs) separately engaged the services of legal experts in 2008 to review existing legislation and recommend if Ghana required a separate legislation for her EITI process. However, the recommendations from the Consultants were different and therefore the need to undertake a stakeholder consultation in arriving at a final decision on whether or not Ghana requires a separate legislation for her EITI process.
Posted on: Wednesday, February 17, 2010 | Viewed: times
Opening Address By Hon. Seth Terkper, Hon. Deputy Minister, Ministry Of Finance And Economic Planning At A Training Workshop On Extractive Industries Transparency Initiatve (EITI) Held At Mac-Dic Royal Plaza Hotel, Koforidua
Posted on: Wednesday, February 17, 2010 | Viewed: times
Ghana: Options For Oil Revenue Management
by
Dr. Joe Amoako-Tuffour,
jtuffour@gmail.com,
jtuffour@stfx.ca,
St. Francis Xavier University, Canada,
Advisor: Ministry of Finance & Economic Planning
Posted on: Tuesday, November 02, 2010 | Viewed: times
In its ongoing effort to fight corruption and increase energy security, the U.S. Helsinki Commission has worked in recent years to help countries fight the resource curse. That is the phenomenon in which countries that are rich in oil, gas or minerals—resources that should be a boon to their economy—suffer lower economic growth and higher poverty than countries without extractive resources.
Posted on: Wednesday, January 27, 2010 | Viewed: times
Stakeholders at a roundtable meeting to deliberate on whether or not there is the need for Ghana to legislate the Extractive Industries Transparency Initiative have agreed that legislation is a must for the purpose of sustaining the initiative, and giving true expression to government's commitment to transparency and accountability in natural resource governance.
Posted on: Wednesday, January 27, 2010 | Viewed: times
Opening Remarks
By
Effie-Simpson Ekuban (Mrs)
Ag.Chief Director
Ministry Of Finance And Economic Planning (MoFEP)
At
Stakeholder Consultation On Legislation For The Ghana Extractive Industries Transparency Initiative (GHEITI): The Way Forward
Luxury West Hotel, Adenta
19th January 2010
Posted on: Tuesday, January 19, 2010 | Viewed: times
Welcome Address
By
Hon. Seth Tekper,
The Hon. Deputy Minister Of Finance And Economic Planning
At
A Workshop On Extending The Ghana Extractive Industries Transparency Initiative (GHEITI) To The Oil And Gas Sector Held
At
Greenland Hotel, Agona Swedru.
27th November, 2009.
Posted on: Friday, November 27, 2009 | Viewed: times
Welcome Address Delivered By Ministry Of Energy At A One-Day Workshop On EITI Extension To Oil And Gas Held At The Greenland Hotel, Swedru On Friday, 27th November 2009.
Posted on: Sunday, January 10, 2027 | Viewed: times
Validation is very essential for all EITI implementing countries as it is a quality assurance which holds all countries to the same brand. The objective of validation is to provide an independent assessment of progress achieved by implementing countries on their progress on EITI and what measures they may need to take to make better and faster progress.
Posted on: Thursday, March 12, 2009 | Viewed: 433 times
AMIDST soaring expectation of an oil boom in the country, Ghanaians have been asked to remain cautious because the short-term production of about 120,000. barrels of crude oil from the Jubilee Fields beginning from next year will not have any significant impact on the national economy.
Posted on: Thursday, March 12, 2009 | Viewed: 512 times
THE Ministry of Energy has set up a committee of experts to draw up a security policy document for the emerging oil industry as part of measures to safeguard the industry.
The policy is aimed at providing security for petroleum operations, installations and reserves.
Posted on: Sunday, April 12, 2009 | Viewed: 468 times
The Ministry of Finance and Economic Planning (MoFEP) and the GHEITI National Steering Committee (NSC) in collaboration with the Ministry of Energy (MoEn), German Technical Cooperation (GTZ) and other stakeholders are making timely efforts to extend the principles of EITI to the oil and gas sector. This is in line with Governments commitment to ensuring transparency and accountability in the management of the country’s oil revenues when production starts in 2011.
Posted on: Thursday, March 12, 2009 | Viewed: 400 times
AIDED by the performance of the Minerals Commission over the last two decades, the mining sector has played a key role in the development of Ghana's economy, with production increasing significantly, export earnings growing from 20 per cent to 45 percent of total export and Gross Domestic Product (GDP) improving from 1.5 per cent to six per cent.
Posted on: Saturday, January 10, 2009 | Viewed: 755 times
THE President of Tullow. Oil Ghana Limited, Mr Dai Jones, has said that his company is aware of the high expectations of 'Ghanaians from the oil activities which 'begin next year.
Posted on: Saturday, January 10, 2009 | Viewed: 578 times
As part of efforts to extend EITI principles to include oil and gas, the GHEITI NSC on 31st August 2009 made presentations to key officials of the Ministry of Energy (MOEn) to sensitize them on issues relating to the implementation of the initiative in Ghana.
Posted on: Sunday, September 13, 2009 | Viewed: 586 times
Most countries that are rich in natural resources face issues like corruption, conflict and poverty- the so-called “resource curse”. Studies have shown that with strong transparency and accountability in the management of natural resources, there will be an increase and sustainable economic growth and reduction in poverty levels.
Posted on: Monday, August 24, 2009 | Viewed: times
ILLEGAL mining activities, sometimes called 'galamsey', seem to becoming brisk rather than waning in the Western Region, 20 years after the legalisation of small scale mining in Ghana.
Posted on: Thursday, October 08, 2009 | Viewed: times
Pre-Validation Assessment Of The Extractive Industries Transparency Initiative (EITI) In The Republic Of Ghana
Please click here to download this document.....
Welcome Address by Franklin Ashiadey GHEITI Coordinator Ministry Of Finance and Economic Planning (MOFEP) at The Ghana Extractive Industries Transparency Initiative (GHEITI) for Mining Companies
Please click [here] to download this document.....
Welcome Address by Nana Juaben-Boaten Siriboe, Chief Director, Ministry Of Finance And Economic Planning (MOFEP) at The Ghana Extractive Industries Transparency Initiative (GHEITI) at Civil Society Workshop at Georgia Hotel, Kumasi
Please click [here] to download this document.....
Welcome address by Nana Juaben-Boaten Siriboe, Chief Director, Ministry Of Finance And Economic Planning (MoFEP), at
The Media Sensitization Workshop on the Ghana Extractive Industries Transparency Initiative (Gheiti)
Airport West Hotel,Accra
Please click [here] to download this document.....
Minister of Finance and Economic Planning, Dr Kwabena Duffuor has expressed concern about the inability of mining companies to increase the quantum of royalties paid to Ghanaians even though the international price of gold and other metals have increased tremendously in the past three years......
Posted on: Monday, May 18, 2009 | Viewed: 948 times
Welcome addresses of the Minister of Finance and Economic Planning and the Chief Director (MOFEP) at the Pre-Validation Workshop. Click [here] to download.
Posted on: Monday, May 18, 2009 | Viewed: 1013 times
INTERNATIONAL aid agency Oxfam America and Ghana-based development organisation Integrated Social Development Centre (ISDOEC) have commended Ghana's President John Evans Atta Mills for committing to increased transparency and public participation in the oil sector.
Posted on: Friday, May 15, 2009 | Viewed: 1122 times
The Extractive Industries Transparency Initiative (EITI) is aimed at reducing poverty by improving transparency in the receipts and payment of mineral revenues from the country’s extractive industries...
Posted on: Friday, May 15, 2009 | Viewed: 1202 times
The basic concept of EITI is for the extractive industries making payments, Government receiving revenues and for Civil Society playing a watchdog role to ensure sanity in revenue - flow streams...
Posted on: Friday, May 15, 2009 | Viewed: 929 times
Once again the Chamber is happy to publish below payments made by the mining industry in 2007. This publication is part of the Chamber’s pursuit of transparency in the payments and receipts in the mining sector in Ghana.
Please click [here] to download this document.....
Posted on: Wednesday, May 13, 2009 | Viewed: 923 times
Ghana’s diamond production the first half of 2008 was 395,236 carats, marking a fall of 22 per cent from production of 504,363 carats in the first half of 2007.
According to a Ghana Chamber of Mines statistics, the revenue generated from this production also fell by over a fifth at 21 per cent......
Posted on: Tuesday, March 31, 2009 | Viewed: 885 times
The 4th EITI Board meeting was held in Accra from February 21- 22, 2008. It was attended by forty-four representatives of EITI implementing countries, extractive industry companies, Civil Society Organisations and observers......
Posted on: Friday, March 28, 2008 | Viewed: 1018 times
A group of EITI Board members and supporters visited a gold mine that Newmont operates in Ahafo in northern Ghana. They also met with the Ahafo District Assembly.......
Posted on: Thursday, March 13, 2008 | Viewed: 1255 times
The meeting was attended by about 40 participants and observers. Participants included implementing countries, mining companies, and Civil Society representatives......
Posted on: Tuesday, March 11, 2008 | Viewed: 1025 times
The Ghana EITI review session was organized to enable members of the National Steering Committee brainstorm on various issues still outstanding on the EITI calendar. On discussion on the agenda were, revised work plan, detailed discussion of the EITI 2004 Audit findings/ recommendations, financing EITI the role of DPs and other stakeholders, and Ghana EITI and The International Validation Process.
Posted on: Thursday, October 25, 2007 | Viewed: 582 times
The Ministry of Finance and Economic Planning is organizing a round table discussion on the first Extractive Industries Transparency Initiative (EITI) Audit Report on the 3rd April, 2007.........
Posted on: Tuesday, March 20, 2007 | Viewed: 622 times
The National Steering Committee met Prof. Eigen at the La Badi Beach Hotel to give him a briefing on the status of the implementation of EITI in Ghana........
Posted on: Friday, January 12, 2007 | Viewed: 632 times
Since the Extractive Industries Transparency Initiative’s (EITI) launch in Ghana in 2003, a coalition of the Government of Ghana, companies, civil society groups and investors have worked together to develop a system through which Ghana can ensure her natural resources are managed effectively........
Posted on: Tuesday, January 09, 2007 | Viewed: 1048 times
Five major sensitization programs were undertaken in Tarkwa, Koforidua, Obuasi Kumasi and Sunyani involving major stakeholders namely, District Chief Executives, Presiding Members of District Assemblies, Community Chiefs and Civil Society Groups...........
Posted on: Friday, August 18, 2006 | Viewed: 583 times
