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Feb 2, 2011

Ghana gains EITI compliance status


Mr. Franklin Ashaidey, National Co-ordinator of Extractive Industries Transparency Initiative (EITI), says Ghana has achieved compliance status with EITI, the global standard for improved transparency in the Oil, Gas and Mining sectors.

 

According to him, Ghana has become a model of Multi-Stakeholder on the critical issue of public policy for EITI implementing countries, while forging a network of civil servants, corporate executive and representatives of global civil society, who share a commitment to revenue transparency, to help promote economic development and poverty reduction.

 Mr. Ashaidey disclosed this in Kumasi, at the Initiative’s 2006-2008 audit reports dissemination workshop, pointing out that, Ghana has established itself as an emerging standard for the reporting of natural resource revenues.

He explained that, the initiative is a tool in governance which seeks to promote the principles of transparency and accountable in the payment and receipts of resources from the extractive sector.

 The Workshop aimed at briefing stakeholders on the audit reports as presented by the independent aggregator and also, sensitizes new officers of the Metropolitan, Municipal and District Assemblies, on the activities of the Ghana Extractive Industries Transparency Initiative (GEITI).

Source: ISD