Tag: Petroleum Sector
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Govt. urged to ensure full implementation of local content law
Energy analyst, Benjamin Nsiah has emphasized the crucial role of relevant stakeholders in ensuring the full implementation of the local content policy to foster the growth of the local economy. He highlights the importance of leveraging the recent developments in the oil and gas industry, particularly the commissioning of Jubilee South East in the Western…
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Gov’t must adopt measures to properly analyze cost of petroleum contracts to avoid losses – PIAC
The Public Interest and Accountability Committee (PIAC) is asking the government to adopt measures to thoroughly vet costs provided by international companies before petroleum contracts are signed. In a 10-year assessment report on the petroleum sector, the Committee says this needs to be tackled with all seriousness to prevent wastage of money in the sector.…
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Stakeholders call for stiffer control measures on illicit financial flows
The Head of Tax policy Unit at the Ministry of Finance, Mr. Daniel Nuer has called for stiffer measures in controlling illegal financial flows from the African Extractive Sectors. According to Mr. Nuer, the ravaging impact of the COVID-19 Pandemic on the African economies requires that African governments do all within their power to block…
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Revive quarterly meetings with Finance Ministry – Akufo-Addo to PIAC
President Akufo- Addo has charged the Ministry of Finance and the Public Interest and Accountability Committee, PIAC, to revive their quarterly meetings which have been on hold for some time now and dialogue for better management of the nation’s petroleum resources and revenues. According to him, the proceeds, if not well handled, will turn out…