GNPC told to publish its investment plan ...in the spirit of accountability
The Ghana National Petroleum Corporation (GNPC) has been asked to publish its investment plan with its associated cost to prevent any misconstruing in respect of unspent cash by the public. This was the recommendation made regarding GNPC in the Ghana Extractive Industry Transparency Initiative(GHEITI) 2012/2013 Report on the Oil and Gas Sector, prepared by Boas and Associates and launched in Accra recently.
Revenue From Natural Resources Will Be Prudently Managed -Terkper
Mr. Seth Terkper Minister of Finance and Economic Planning, on Tuesday said government is working assiduously to ensure that the enhanced revenues from the country's natural resources are prudently managed and utilized for the benefit of the people. He said revenues from natural resources are to benefit people who are negatively impacted by the activities of extractive sector companies.
African governments leave mining vision in the cold
African governments have relegated the implementation of the African Mining Vision (AMV) to the back burner after it was unanimously adopted in 2009 by African Heads of State. The ECOWAS Mineral Development Policy (EMDP), a related document, has also suffered a similar fate. The AMV, according to experts, is the most ambitious national, sub regional and continental mining reform framework that has been developed in Africa in recent years.
Accra, Sept. 27. GNA Vice-President Kwesi Amissah- Arthur on Thursday said Ghana has instituted various measures to strengthen its public financial management systems as a way of finding long term solutions to the problem of weak institutional capacities and government ineffectiveness.