March 2009, Oxfam
For Ghana, the start of oil production in late 2010 may prove to be a significant boom to the country’s economic and development ambitions. But, as many other countries have shown, it will be a difficult journey to move from the generation of oil wealth to its proper investment and to avoid potential pitfalls of corruption, social conflict, and environmental degradation.
Topics in this presentation include:
- "Black Gold" - Promise and Peril
- Jubilee Discovery
- Developing the Jubilee Field
- Financing the Jubilee Field
- Post-Jubilee Rush for Oil
- Contract Information and Fiscal Terms
- Government Take
- Ghana's Preparation for Oil
- Petroleum Regulatory Authority Bill
- Positive Features of Bill
- Causes for Concern in Bill
- Challenges to Managing the Money
- EI Transparency
- Donor Community
- Environmental Issues
- Social Issues
- Recommendations
- Recommendations for Government Policy Development
- Recommendations for Government Transparency
- Recommendations for Government Licensing and Contracts
- Recommendations for Government GNPC and GPRA
- Recommendations for Government Revenue Collection, Budgets, and Expenditures
- Recommendations for Government Oil-Funds
- Recommendations for Government Social and Environmental Issues
- Recommendations for Government Consent and Compensation
- For Parliament
- For Donors
- For Companies
- Conclusion - Key Messages
