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| Govt Lauded For Open Transactions In Oil Sector |
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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. Mr. Tawiah made the commendation on Friday, when he addressed a workshop for media personnel on how they could keep the government actively engage themselves in the design, monitoring, and in check against corruptible practices through active advocacy and public awareness initiatives. He said the EITI should be an important engine for sustainable economic growth and poverty reduction. "We underline the importance of transparency by governments and companies in the extractive industries and the need to enhance public financial management and accountability”, he stressed. He said it was therefore gratifying to note the government’s commitment to the the publication of all oil, gas and mining payments by companies to the government and actual revenues received, to be made publicly available to all. Mr. Tawiah pointed out that, the government’s acceptance of an independent and credible administrator and accountant in the person of Mr. Boa Amponsem to apply international auditing standards regarding reconciliation and discrepancies in the country’s oil and gas “is welcome news indeed”. “Civil Society Organizations, including the media, should actively engage themselves in the design, monitoring and evaluation of this process.” He said. He said some rich countries with oil and gas and mining in the sub-region had under-performed economically because of poor governance. Mr. Tawiah said it was to avoid a similar situation that greater transparency should be encouraged. “Countries which adopts the EITI principles provide clear signals to investors and international financial institutions that government is committed to greater transparency,” he emphasized. The workshop for parliamentary reporters was sponsored by the Parliamentary Centre, GTZ and Revenue Watch Institute, all NGOs and the Parliament of Ghana. Mr. Andrew Edwin Arthur, Dean of the Parliamentary Press Corps, earlier in a remark, said the hopes of the Ghanaians should not be raised so high now. He said with the estimated revenue of one billion US dollars per annum, each of the 23 million Ghanaians citizens would receive a paltry sum of GH c 17. Per day which is far less than the country’s current GDP of 18 billion US dollars per annum. Source: Francis Xah, Koforidua |
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