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| Government Committed To Transparent Management Of Oil Revenue |
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He said the resolve of the government was evident in all the processes leading to the drafting of the Petroleum Revenue Management Bill during which consultative meetings were held throughout the country to solicit inputs and comments from the general public. Mr. Akologo was addressing a day’s capacity building and sensitization workshop for media practitioners in the emerging oil and gas industry in Accra on Wednesday. It was organized by the Kumasi Institute of Technology and Environment (KITE) in collaboration with the Ghana Journalist Association (GJA) and the Oil and Gas Stakeholders Network (OGSN). Mr. Akologo said that the government had agreed to the extension of the Extractive Industries Transparency Initiative (EITI) principles to the management of petroleum revenue. He said many oil producing countries were often linked with poverty and instability as a result of the mismanagement of oil revenue. The minister noted that Ghana had been fortunate enough because it had the opportunity to learn from the experience of others. “We do not have to wait to be reminded that oil wealth offers major opportunities, but can also lead to many problems if mismanaged”, he stated. He called on media practitioners to avail themselves of the number of workshops being organized by both the government and non-governmental organizations to have an in-depth knowledge of the oil and gas industry to be able to report accurately. In a speech read on his behalf, the President of the Ghana Journalist Association, Mr. Ransford Tetteh, reminded the media practitioners that they had a watch-dog role to play to ensure transparency and accountability in the oil and industry right from its embryonic stages. “The media must on the front-line of disseminating impartial news to ensure transparency and good governance in the industry to provide the necessary blessings to Ghana’s economy”. He said the GJA believed that such training workshops were capable of making a real difference in helping journalist to understand the industry for them to also help the citizenry better. In his remarks, a member of the Oil and Gas Stakeholders Network (OGSN) and the Chief Executive Officer of Karlindom Innovations, Mr. Augustine Ampoma-Gudom, called on the government to engage the media and civil society to professionally manage the heightened expectation of the masses before the production of the oil in the last quarter of the year. He said that it would be very difficult for the government to explain why the prices of fuel must go up when the international prices surges at a time Ghana was producing oil, if the masses were not properly educated. Mr. Ampoma-Gudom also advised the GJA to develop stronger ties with NGOs and the International initiatives such as the EITI in promoting good governance and proper stewardship in the oil and gas sector. “Prosperity will not give forgive the generation of today if we fail to put in place concrete structures to ensure that we obtain enough benefit from our oil find”. |
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