Wawa Street Kokomlemle, Accra-Ghana

NPP ALLEGATION ABOUT GAS OFFER TO CHINA UNTRUE

Accra, 28th October, 2016: The Ministry of Petroleum has observed with concern media reports on false allegations made by the New Patriotic Party (NPP) suggesting that:

In 2017 gas supply from the Jubilee Fields will stop as the FPSO is expected to shut down for a period of six months.

FURY OVER USE OF OIL MONEY

…as PIAC takes its reports to the districts …unseen hands attempt to frustrate exercise but PIAC shows resilience.

A composite report on government’s management and use of the country’s petroleum revenues, currently being disseminated in 60 districts across the country, is generating serious concerns, with some participants suggesting that

GHANA EITI BENEFICIAL OWNERSHIP ROADMAP.

The development of this Roadmap is in response to the requirements of the 2016 Extractive Industry Transparency Initiative Standard (Standard 2.5) which mandates all implementing countries to establish a public Beneficial Ownership (BO) disclosure regime by January 2020.

Concern over Petroleum Income Tax Law 2

The lack of action on a planned amendment or harmonization of the Petroleum Income Tax Law with the general income tax provisions is costing….

Minerals and Mining Act , 2006 - Act 703

Ownership of minerals and cadastral system
1. Minerals property of Republic
2. Compulsory acquisition of land

Ghana Oil and Gas for Inclusive Growth launched

The Ghana Oil and Gas for Inclusive Growth (GOGIG) programme has been launched to help ensure that the oil and gas sector promotes inclusive growth.

Lack Of National Visionary:

A Red Flag For The Gradual Depletion Of Ghana’s Natural Resources - Dr.Steve Manteaw

Although Ghana has long started oil and gas extractions in the country since its discovered the “black gold” in 2007 ,the country still lacks a National Visionary that will guide and protect the sustenance of its natural resources for future generations.

BY: Mariilyn Badoo

Ghana’s oil future ‘gloomy’

The African Center for Energy Policy (ACEP), has hinted that the future of Ghana’s oil sector is “very gloomy” following what it describes as “the awarding of oil contracts to “inexperienced, incapacitated and incompetent oil companies.”

– ACEP NOVEMBER 25, 2015 by OILGAS in NEWS IN BRIEF with 0 COMMENTS


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