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EITI seeks to create that missing transparency and accountability in revenue flows from the extractive industry....

The initiative encourages, government, extractive companies, International agencies and NGO’s to work together to develop a framework to promote transparency of payments in the extractive industries.

EITI pursues a policy of openness which promotes the concept of tolerance and good governance through the disbursement of royalties to benificiary communities and public disclosures...

Government's strategy for the sector is based on the recognition that the development of solid minerals in a sustainable manner can not be achieved without a deep involvement of the affected communities.

The EITI strategy calls for the definition of effective ways and means to empower and engage mining communities in the development process and to promote responsible behavior....

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2014 Oil & Gas Report for Download

NewOil & Gas Sector Report for 2014 Uploaded. Click here to download. Other reports varying formats are available from the Publications section. Please click [HERE]

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2014 Mining Sector Report for Download

NewThe GHEITI 2014 Mining Sector Report is available for download. Click [HERE]

Welcome to The Ghana Extractive Industry Transparency Initiative
Press Release - Ghana Wins Award for Company Ownership Transparency PDF Print E-mail

Press Release – 30th October, 2017

Ghana Wins Award for Company Ownership Transparency

Accra, October 30, 2017.

Ghana has won international recognition for its commitment to expanding the frontiers of transparency, including progress made towards lifting the veil off the actual beneficial owners of companies operating in the country.

The recognition came in the form of an award from the Extractive Industries Transparency Initiative (EITI) International Board Chair, at the just ended international conference on Beneficial Ownership (BO) Disclosure held in Jakarta, Indonesia from the 23rd to the 24th October, 2017.

 

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Ghana Poised To Deliver On Bod Commitment In spite of political transition PDF Print E-mail

Historically elections in Ghana have not focused on the real issues affecting the country’s socio-economic fortunes, but rather on trivialities such as ethnicity and the health status of contestants. But this is likely to change as ‘bread and butter issues’ and corruption assumed centre stage of the country’s 2016 general elections. Indeed the outcome of these elections was determined by which party had a better message and a more convincing strategy for fighting corruption.

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Extractive Industry Initiative gives maiden petrol, mining account in Ellembelle PDF Print E-mail

EllembeleThe utilisation of mineral revenues received by the Ellembelle District Assembly of the Western Region has raised concerns among traditional leaders and citizens of the area. In particular, indications by the District Assembly that it had utilised the funds on road projects and the assembly’s office complex did not go down well with some participants.

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PRESS RELEASE: Stakeholder Workshop On Beneficiary Ownership Disclosure Held PDF Print E-mail

Accra, March 30, 2017 – The Deputy Minister designate for the Ministry of Finance, Hon. Abena Osei Asare (MP) has reiterated government’s commitment to fight corruption.  She noted that opaque company structures are being used to launder significant sums of money, which could be used to improve the lives of people which such ill-gotten gains were meant to serve.

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Ghana takes giant stride towards beneficial ownership disclosure PDF Print E-mail

Ghana has for the past five years intensified its efforts at developing safeguards against illicit financial flows, money laundering, corruption, financing of terrorism and organised crime, under the direction and support of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), a specialised institution of the Economic Community of West African States, responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) measures in West Africa.

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Ghanaians unhappy about Wasteful spending of petroleum revenues PDF Print E-mail

Ghanaians are becoming increasingly concerned about what they describe as wasteful spending of petroleum revenues, Public Agenda has uncovered. In a brief statement at a Western Regional dissemination workshop on the 2014 Ghana Extractive Industries Transparency Initiative (EITI) reconciliation report, the Omanhene of Essikado traditional area, Nana Kobina Nketsia V, observed that it is the expectation of many natural resource host communities to feel the socio-economic benefits of resource extraction, however the consolidation approach to national economic accounting makes it difficult for host communities to be able to appreciate the direct contribution of the resources being exploited in their geographical jurisdictions to their local economic development.

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REMARKS DELIVERED BY THE CHIEF EXECUTIVE OFFICER, MR. SULEMANU KONEY, AT THE LAUNCH OF THE 2014 GHEITI AUDITED REPORT FOR MINING AND OIL/GAS ON MARCH 31, 2016 AT THE MENSVIC HOTEL PDF Print E-mail

It is my profound pleasure to participate in the launch of the 2014 Ghana Extractive Industries Transparency Initiative (GHEITI) Reconciliation Reports for Mining and Oil/Gas. This report comes on the heels of milestone  achievement  in  the  enactment  of  policies  designed  to maximize the benefits of natural resource to the state and citizenry. No doubt Ghana has been recognized as the star performer in initiating reforms based on the reconciliation reports at  the 2016 EITI global conference which was held in Lima, Peru.

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STATEMENT BY THE MINISTER FOR PETROLEUM, HON. EMMANUEL ARMAH KOFI BUAH (MP) AT THE LAUNCH OF THE 2014 EITI REPORT FOR MINING AND THE OIL /GAS SECTORS AT MENSVIC HOTEL, ACCRA PDF Print E-mail

Mr. Chairman, Colleague Ministers,

CEO, Ghana Chamber of Mines,
Members of the National Steering Committee,
Distinguished Ladies and Gentlemen,

It is a pleasure for me to be part of the launch of the 2014 Ghana’s EITI Report for the Mininig and the Oil and Gas Sector. Mr. Chairman, in line with government’s policy to ensure transparency in the management of
petroleum resources, the Ministry roped into the Ghana’s Extractive Transparency Initiative (GHEITI) process which was operational in the mining sector right from the onset of the discovery of oil and gas in Ghana.

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KEYNOTE ADDRESS BY HON. MONA QUARTEY(MRS), DEPUTY MINISTER FOR FINANCE AT THE LAUNCH OF 2014 GHEITI REPORTS, MENSVIC HOTEL, ACCRA PDF Print E-mail

Mr. Chairman, Hon. Ministers,
Hon. Members of Parliament, Chief Directors and CEOs,
Members of the Ghana EITI Multi-Stakeholder Group (MSG), Development Partners,
Friends from the Media, Ladies and Gentlemen.

Good morning to you all. I deem it a great pleasure to be here this morning to launch the 2014 Ghana EITI Reports for the mining and oil/gas sectors and their accompanying Open Data Dash Board.

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REMARKS BY MINISTRY OF LANDS AND NATURAL RESOURCES AT THE LAUNCH OF THE 2014 GHANA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (GHEITI) REPORT & THE OPEN DATA DASHBOARD FOR MINING AND OIL/GAS SECTORS MENSVIC HOTEL, ACCRA - MARCH 30TH, 2016 PDF Print E-mail

Mr. Chairman,
Hon. Members of Parliament
Directors of MDAs and MMDAs
Representatives of Mining Companies and Developing Partners
Representatives of NGOs/CSOs
Members of the GhEITI
Distinguished Invited Guests
Members of the Media
Ladies and Gentlemen,

The Ministry of Lands and Natural Resources is happy to participate in the launch of the 2014 GhEITI report as well as the open data dashboard for the Mining and Oil/Gas sectors.

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GHEITI CORRECTS MISREPRESENTATION OF FINDINGS IN ITS 2014 REPORT PDF Print E-mail

The attention of the national Multi-stakeholder Group (MSG) of the Ghana Extractive Industries Transparency Initiative (GHEITI) has been drawn to certain media reports on some of the findings in its 2014 reconciliation report on the petroleum sector, which in the view of the MSG constitute a misrepresentation of the facts as contained in the report.

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