Listen to music while browsing

Petroleum Exploration and Production Bill to replace PNDC law 84

By GNA

Mr Inusah Fuseini, Deputy Minister for Energy, has stated that the Petroleum Exploration and Production bill would replace PNDC Law 84 when passed because the latter is limited in scope.

He said it would provide a legislative framework for exploration and production of petroleum in Ghana.

He said the Petroleum Revenue Management Bill which is also currently being considered in Parliament and expected to be passed on Tuesday November 30, offers one of the most transparent means by which revenue accruing from the commercialization of petroleum resources can be safeguarded and utilized in the most equitable manner.

Mr Fuseini was addressing a platform on oil and gas in Accra at the weekend.

He noted that other pieces of legislation and policies under consideration included the local content policy which was also being finalized after receiving cabinet blessing will ensure that Ghanaians benefit as much as possible from the oil and gas find in terms of employment, ownership and control and the provision of goods and services.

The occasion marked the first annual general meeting of the Civil Society Platform and the launch of a website for the platform.

Mr Fuseini said the establishment of a petroleum or oil and gas commission to regulate the petroleum industry was seriously being worked upon to ensure that the nascent industry was well managed to the expectation of all players-investors, workers or suppliers of goods and services.

He said in view of the multi billion dollar equipment deployed in the industry, appropriate measures are being put in place by multi-sectorial oil and gas security committee led by the Ministry of Defence to ensure maximum security and a peaceful atmosphere for operation of the industry.

The Deputy Minister said measures are also being put in place to ensure that the exploitation of the country's petroleum resources does not result in environmental degradation or leave host communities worse off economically.

He said the jubilee project was successfully carried out without any major environmental hitches.

Mr Fuseini said civil society has not relented in its advocacy for the best standards in the development of Ghana 's oil and gas policies and legislations.

Accra Polytechnic ready for technical university takeoff

Sunday, January 25, 2015 Accra Polytechnic is ready for the takeoff of government's policy to convert polytechnics into technical universities in September, 2016. Professor Sylvester Achio, Accra Polytechnic Rector, described the concept as laudable, and that the institution was working around the clock to address avo ...

Samsung grooms young footballers at 'Dream Camp'

Sunday, January 25, 2015 As part of efforts to support African football, leading mobile phone manufacturer, Samsung has unveiled its 'I See Your Dream' campaign. This is aimed at helping the youth in pursuing soccer in Africa during the ongoing Orange African Cup of Nations (AFCON) in Equatorial Guinea. As part of the ...

We are educated but not skilled - Ghana Employers Association

Sunday, January 25, 2015 Ghana Employers Association (GEA) has suggested that productivity levels in the public service can be improved if employees change their attitude towards work and sharpen their skills. Chief Executive of the GEA Alex Frimpong noted that although there is an explosion of educated people and opport ...

Agbakope pupils displaced after heavy rains damage classrooms

Sunday, January 25, 2015 Several residents of Agbakope in the South Tongu District of the Volta Region have been displaced as a result of Saturday's torrential rainfall. Heavy winds buffeted buildings during a thunderstorm which ripped the roofs of several buildings and dealt severe damage to other properties, forcing re ...

Curfews in Northern,Volta regions renewed

Sunday, January 25, 2015 Government has renewed the curfew imposed on three conflict areas in the Northern and Volta regions. The areas include Nakpanduri and its environs, Bimbilla as well as the Alavanyo and Nkonya townships. In a statement Interior Minister, Mark Woyongo indicated the curfew was renewed based on th ...
See more content