• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

‘Stop GNPC From Awarding Contracts To Foreigners’

19/12/2014
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Centre for Democratic Governance (CDD) is pushing for a law that will bar the Ghana National Petroleum Corporation (GNPC) from awarding oil contracts to international oil companies.

According to the CDD, the open door tendering system, which the GNPC currently uses to award contracts, does not benefit the country.

At a workshop for the media on capacity building on oil and gas contracts, a Research Fellow at the CDD, Victor Brobbey said allowing the GNPC to solely vet potential investors in the oil sector hinders transparency.

He said the processes adopted by the GNPC to allocate oil blocks should be changed to compel the corporation to “follow a process that is more opened and more transparent and allow just better outcomes for all concerned.”

He observed that the current process being used the GNPC may have been hastily adopted  “when we first discovered oil and the extent of the oil discovery was not at all clear. But today the field is fairly established and its potential is well known, hence allocating the oil blocks in a manner that doesn’t allow for competitive bidding is today not helpful and quite counterproductive.”

“The way you do that is by competitive tendering, that is the bottom line and not by an open door system of allocating blocks to applicants,” he added.

In a related development, the Africa Centre for Energy Policy (ACEP), has urged government to facilitate more reforms in the way oil contracts are awarded to make the country a model of good petroleum resource management.

They also called on government to strengthen the country’s anti-corruption agencies to identify, investigate and expose corruption in the emerging oil and gas industry.

 

– citifmonline

Previous Post

Cut “ghost workers” from payroll before aid resumes -EU tells gov’t

Next Post

Feature: These 3 strategies will help you sustain online order fulfilment!

Related Posts

carbon emissions

Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

30/01/2023
Employers and employees

The silent war between employers and employees will have no winner 

27/01/2023
Electric cars in Africa, ghanatalksbusiness.com

Africa’s push for electric vehicles

24/01/2023
Functioning dddress system, ghanatalksbusiness.com

The next “AMAZON” in Africa will need a Functioning Address System

23/01/2023
Catalyst fund, ghanatalksbusiness.com

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

20/01/2023
shifts in globalisation

Globalisation Redefined as Manufacturing Moves Closer to Home

20/01/2023
Next Post

Feature: These 3 strategies will help you sustain online order fulfilment!

Feature: These 3 strategies will help you sustain online order fulfilment!

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In