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ExxonMobil’s Tax Regime A Win-Win Situation

  • SOURCE: reportingoilandgas.org | Gideon Ofosu-Peasah
    • POSTED ON: February 20, 2018
    • CATEGORY:

     Ag. CEO of the Petroleum Commission. Egbert Faibille stressed that, ExxonMobil’s tax regime has been done to ensure a win-win situation for Ghana. This was at a first Local Content Procurement Conference in Accra organize by the Local Content Directorate of the Petroleum Commission. According to him the nation had a rigid regulatory regime before the commercial discovery of oil. During this period, IOCs who operated in Ghana but murmured. During the regime of President Kufuor, the regulatory regime was made flexible. This led to the willingness of technologically advanced IOCs to come to Ghana and led to the discovery of oil in commercial quantities. He stated “We need to give up something to gain something”.

    Gideon Ofosu-Peasah

    Gideon Ofosu-Peasah

    Policy Analyst at Penplusbytes
    Gideon Ofosu-Peasah is the Policy Analyst and Team Lead for the Extractives Department at Penplusbytes, where he provides insights, advice and leads in producing robust research backed projects for the team. He has over 7 years of experience in the Ghanaian oil and gas industry and has a number of scholarly research papers to his credit which have been published in the prestigious Social Science Research Network(SSRN) electronic journal and on reportingoilandgas.org. He holds an Msc in Economics with specialization in Energy and Natural Resource Economics from the Kwame Nkrumah University of Science and Technology.
    Gideon Ofosu-Peasah

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