This is the Ghana EITI 2019 work plan (in accordance with Requirement 1.5).
This is the Ghana EITI 2018 Annual progress report, published in July 2019. It highlights progress made on objectives of Ghana's work plan.
The EITI Board agreed that Ghana has made meaningful progress in implementing the EITI Standard, with considerable improvements.
Description: see below for the decision in full. PDF attached at bottom of the page.
Where: 42nd Board meeting in Kyiv, Ukraine
Internal: Board paper 42-5Public domain:Ghana second Validation 2018News item on the decision: EITI countries progress on path to transparent and accountable extractive sectorsScorecard:
On 27 February 2019 the Board agreed that Ghana has made meaningful progress overall with implementing the EITI Standard, with considerable improvements across several individual requirements. See Board decision 2019-16/BM-42
Timeline of Validation and related materials:
8 September 2018: Second Validation commenced.
The Ghana Extractive Industries Transparency Initiative (GHEITI) engaged Messrs Boas Associates to reconcile the payments made by Mining Companies and receipts by the government of Ghana for 2016.
Compared to the production in 2015, there were increases of 17%, 26% and 30% in the production of gold, bauxite and manganese respectively. Diamond production decreased by 0.28% in 2016 as compared to 2015. Mining and Quarrying is estimated to have recorded a negative GDP growth of 11.2 percent in 2016, worse than the negative 2.2 percent recorded in 2015.
This report encompasses the findings and recommendations of Ghana’s Commodity Trading Pilot Programme. Ghana is one of five countries involved in the EITI pilot project on commodity trading.
It is possible to produce a commodity trading report for oil sales in Ghana that contains reconciled data from both GNPC as the seller and the buyers for the period 1 January 2015 to 31 December 2017.There is a high level of correlation between the data received from GNPC, the buyers, GRA, and Bank of Ghana.
This is Ghana's Annual progress report, published in July 2018. It highlights progress made on objectives of Ghana's work plan.
The Ghana Extractive Industries’ Transparency Initiative (GHEITI) engaged Messrs Boas & Associates to produce EITI report on Oil and Gas payments for the period covering Jan-Dec 2015. The Petroleum sector makes a significant contribution to Ghana’s economy. In 2015, crude oil exports contributed 18.7% of the total merchandise export, 4.1% of Ghana’s GDP, and generated US$396million in revenues to the state.
The Ghana Extractive Industries’ Transparency Initiative (GHEITI) engaged Messrs Boas & Associates to produce EITI report on mining payments for the period covering Jan-Dec 2015.The country has large-scale mining companies producing gold, diamonds, bauxite, and manganese. There is also significant small-scale and artisanal mining activities in Ghana.In 2015 the Mining industry accounted for 1.2 % of the country's GDP and minerals made up 31% of total exports, of which gold contributed about 96% of the total mineral exports. Gold remains the leading mineral in revenue generation.
The role of country-level institutional factors in escaping the natural resource curse: insights from Ghana.
Empirical research shows that developing countries that are rich in natural resources tend to suffer slow economic growth and development due to various factors such as quality of institutions, governance, among others. The phenomenon of slow growth is widely known as the ‘natural resource-curse’ within the energy sector literature, and past research suggests that the membership of international non-governmental organisations and transparency are key factors in supporting economic development. However,