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.

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.

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.

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.

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.

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.

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.

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.

ENI-Ghana has accepted to join the global transparency standard EITI. It joins about 30 companies in Ghana that have committed to improved transparency of government revenues from the extraction of natural resources. By joining the EITI, ENI is now committing to full transparency of extractive revenues from extraction of its oil, gas and mineral resources. They are also pledging to work together with business and civil society organizations to ensure an informed debate about how its natural resources are being managed.

ENI is a major integrated energy Company committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas.

March 2016

PRESS RELEASE FOR IMMEDIATE RELEASE
GHANA WINS GLOBAL EXTRACTIVE INDUSTRY TRANSPARENCY AWARD
February 2016

Ghana has been acclaimed an exemplary implementer of the Extractive Industries Transparency Initiative (EITI), and honoured for its strict implementation of the recommendations of the Ghana EITI (GHEITI) leading to far-reaching policy, regulatory, and institutional reforms in its mining, oil and gas sectors.