The Multi-Stakeholder Group (MSG) of the Ghana Extractive Industries Transparency Initiative (GHEITI) has produced and will formally launch the country’s 2015 mining, oil and gas EITI audit reports, published on April 30th, 2018. The MSG is a tripartite body made up of Government, Industry and Civil Society that has the responsibility of steering the affairs of GHEITI. The mining report brings to twelve (12th), the total number published since Ghana acceded to the initiative in 2003. For oil and gas, the 2015 report is the fifth (5th) since the initiative was extended to cover the sector. The production of the 2016 reports for the mining and oil/gas sectors have also been initiated and expected to be completed in July, 2018.
The reports, which are published in conformity with the EITI Standard adopted by the Peru Global EITI Conference in 2016, goes beyond the mere reconciliation of payments and receipts, to include contextual information such as summary description of the legal framework and fiscal regime, the sector’s contribution to the economy, production and export data; state participation in the extractive industries; revenue allocations; sustainability of revenues, license registers and license allocations to mention but a few.
Click here to read the full report: Press Release_launch_2015 Report