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- W2188363669 abstract "In mid-2010, the Ghanaian government introduced to Parliament two pieces of legislation that promised to be critical to the country’s efforts to transform its petroleum resources into an engine for national development. Despite being introduced at the same time, the Petroleum Revenue Management Bill (PMRB) and the Petroleum (Exploration and Production, E&P) Bill demonstrated vastly divergent commitments to public accountability. Principles of good governance and accountability were enshrined throughout the PMRB, from its core motivation as a vehicle for responsible long-term management to the procedural and reporting requirements it established for day-to-day implementation. The E&P Bill, by contrast, failed to reflect the vibrant debate taking place both internationally and within Ghana on oil-sector good governance, and included provisions providing for weak oversight, unaccountable institutions, and opaque sector management. The authors examine the strength of each bill’s commitment to accountability, and argue that the process by which they were developed and presented had a major impact in their divergence, as well as in the legislative result, which saw the PMRB passed into law in early 2011 and the E&P Bill forced to be withdrawn. ** Patrick R.P. Heller and Antoine Heuty are Legal Advisor and Deputy Director, respectively, at the Revenue Watch Institute." @default.
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- W2188363669 date "2010-01-01" @default.
- W2188363669 modified "2023-09-24" @default.
- W2188363669 title "GHANA'S PETROLEUM INDUSTRY: THE PROSPECTS AND POTENTIAL IMPEDIMENTS TOWARDS GOOD GOVERNANCE STANDARDS" @default.
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