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Oil sales data disclosure should be all-inclusive - NRGI

Serwaa Manu: Trainee nurse wins 2020 Miss Health Ghana 2nd Dec 2020    |    Source: Graphic Online Priscilla Serwaa Manu Priscilla Serwaa Manu, a nurse from the Mampong Nursing Training School has been crowned the 2020 Miss Health Ghana. It was a tale of beauty and elegance at this year s grand finale held at the GNAT Hall, as Serwaa Manu saw off competition from nine other finalists to win herself a brand new 2017 Hyundai Accent as well as securing a one-year health ambassadorial deal. Akambey Awontemi Isabella, a medical student at the University of Development Studies was the first runner-up for this year s competition while Gracia Helarie Fraikue, a student of the University of Health and Allied Sciences was adjudged the second runner-up.

Oil sales data disclosure should be all-inclusive - NRGI

705 Ghana will need to ensure that companies and commodity traders in the oil sector disclose their commodity trading activities with disaggregated data, and not on only the Ghana National Petroleum Corporation (GNPC). Although available oil sales data has been used to hold GNPC accountable for their commodity trading activities, there is limited public awareness of this data and how it can be used for accountability purposes. Besides, the data as disclosed is far from comprehensive. According to the West Africa Regional Manager (Anglophone) at Natural Resource Governance Institute (NRGI), Ms Nafi Chinery, a disclosure by the above stated actors had become necessary because despite being a new producer, the oil sector represented a significant source of revenue in Ghana.

Improve transparency on oil sales data - NRGI Report

705 The Natural Resource and Governance Institute (NRGI) has asked the Ministry of Finance (MoF) to include information on buyers of the country’s oil in its quarterly report on the Ghana National Petroleum Corporation’s (GNPC’s) oil sales activities. This is to improve accessibility to information on oil sales and also ensure transparency in the GNPC’s sale of the country’s oil. This forms part of the recommendations in a new report compiled by the NRGI. The report was titled ‘Ghana’s Oil Sales: Using Commodity Trading Data for Accountability’. Presenting the report during a webinar on Tuesday, December 15, 2020, the Africa Programme Officer at the NRGI, Mr Denis Gyeyir, said the aim of the Ghana’s oil sales accountability project was to analyse the data available on the Ghana’s oil sales activities and to demonstrate how it could be used by oversight actors to address Ghana’s urgent resource governance challenges.

GNPC sold US$5 2 billion of oil since 2011 and April 2020

GNPC sold US$5.2 billion of oil since 2011 and April 2020 - Report The Ghana National Petroleum Corporation (GNPC) sold 73 cargos of oil, made up of 71.1 million barrels valued at US$5.2 billion, between 2011 and April 2020, the Natural Resource Governance Institute (NRGI) has said in a new report. The report, titled “Ghana’s Oil Sales: Using Commodity Trading Data for Accountability”, used publicly available data to show the importance of GNPC’s oil sales and the need for greater accountability, as the country faces the challenge of responding to COVID-19 and debt sustainability issues exacerbated by the pandemic. The report said the impact of the coronavirus pandemic and oil price crash on Ghana’s economy means that ensuring GNPC maximises its oil sales revenues is more important than ever.

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