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Article

14 Jul 2015

Author:
Samuel Bekoe, Natural Resource Governance Institute in Citifm (Ghana)

Ghana: NGOs urge lawmakers to enhance transparency by including provisions on contracts, disclosure of ownership in new petroleum bill

'Ghana Civil Society to MPs: Don’t leave critical transparency provisions out of exploration and production bill', 14 Jul 2015: To further improve transparency in the oil and gas sector in Ghana, civil society organizations (CSOs) have recommended to the parliamentary Sub-Committee on Mines and Energy that lawmakers include explicit provisions on contracts and beneficial ownership disclosures in the long-awaited Petroleum (Exploration and Production) Bill, 2014…before it is passed into law…Natural Resource Governance Institute (NRGI), Africa Centre for Energy Policy (ACEP), and Friends of the Nation (FoN)…[made] key recommendations…[calling for] [c]ontract transparency [and]…[d]isclosure of beneficial ownership…[to discourage] illegal actions such as tax evasion…ACEP’s Dr. Mohammed Amin…urged parliamentarians to consider mandatory disclosure of beneficial ownership as an anti-corruption tool…NRGI has been supporting the EITI multi-stakeholder group to improve on the search and disclosure of beneficial ownership information in its next EITI report. If these recommendations are considered by parliament and passed into law, Ghana could become a model for other countries in the region to follow. [Refers to Petroleum Ghana, AGM Gibraltar, Minexco, WA Natural Resources, AGR Energy, and Altor]