Tag: GHEITI
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GHEITI introduces beneficial ownership addresses for transparency in extractive licensing procedures
The Ghana Extractive Industry Transparency Initiative (GHEITI) says enough progress has been made in tackling the issues of obscure licensing procedures and concealed ownership. Dr Steve Manteaw, the Co-Chair of the GHEITI, at a dissemination workshop, highlighted the significant progress that was made in promoting transparency and accountability within the extractive industry, leading to solving…
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Dr. Amin Adam leads Ghana’s transparency drive in extractive sector
The Minister of Finance, Ken Ofori Atta, has appointed Deputy Minister of Energy, Dr. Mohammed Amin Adam has been appointed as Ghana’s Champion for Extractive Industries Transparency Initiative (GHEITI). He is to lead the implementation of the EITI in Ghana. The appointment of Dr. Mohammed Amin Adam is in fulfillment of requirements of the Extractive…
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IEA urges transparency in awarding oil contracts
The Institute of Economic Affairs (IEA) has advocated increased disclosure of oil contracts and licenses if the government is to be transparent with Ghanaians on developments in the oil industry. This follows a latest accountability and transparency index (P-TRAC) report which focuses on the management of Ghana’s petroleum resources. The survey assessed the level of…
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Analysts demand clarity over ExxonMobil agreement
Some energy sector analysts want government to come clear with the decision regarding direct negotiations with ExxonMobil over the latter’s preparations to start operations in Ghana’s oil industry. They argue that the seeming failure by the Energy Minister to resort to an open bidding process to select ExxonMobil, requires further scrutiny of the deal. The…
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GNPC begins processes to relocate to Takoradi
The Ghana National Petroleum Corporation, GNPC, has disclosed it has commenced processes to relocate the company’s operations to Takoradi in the Western region. According to the CEO of the GNPC, Dr. Kofi Koduah Sarpong, the outfit is embarking on this action to bring the development associated with the oil find and its operations, closer to…
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Listing VRA & GRIDCO: Analysts urge due diligence
Some analysts in the energy sector have cautioned of long term costs to government should it rush through the process to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCO) on the Ghana Stock Exchange (GSE). Though they contend of the benefits in restructuring the operations of the institutions, the analysts…