Petroleum Resource Management in Africa

1. Front Matter

   Pages i-xlvii

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2. Regulating and Managing Ghana’s Upstream Oil and Gas Industry

   1. Front Matter

      Pages 1-1

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   2. Examining Ghana’s Petroleum Act, 2016 (Act 919) and Other Legislative Developments

      • Thomas Kojo Stephens, Seyram Dzikunu

      Pages 3-40

   3. Role and Contribution of the Ghana National Petroleum Corporation (GNPC) as a National Oil Company: A Reflection

      • Tsatsu Tsikata

      Pages 41-85

   4. On the Road to Ghana’s Jubilee Oil Discovery: Policy Actions and Initiatives

      • John Agyekum Kufuor

      Pages 87-99

   5. Setting up a National Petroleum Regulator: The Petroleum Commission and Management of Ghana’s Petroleum Resources

      • Kwaku Boateng

      Pages 101-124

   6. The Ghana-Côte D’Ivoire Maritime Boundary Dispute: A View from the Ghana Side

      • Fui S. Tsikata

      Pages 125-146

   7. Teamwork and Interaction in the Preparation and Management of the Ghana-Côte D’Ivoire Maritime Boundary Litigation

      • Pierre Klein

      Pages 147-153

3. Oil and Gas and Ghana’s Economy

   1. Front Matter

      Pages 155-155

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   2. Competitiveness of Ghana’s Upstream Petroleum Fiscal Regime: Fit for Purpose?

      • Theophilus Acheampong, Abdallah Ali-Nakyea

      Pages 157-205

   3. Fiscal Policy and Petroleum Revenue Management: Is Ghana on the Path to Beating the Resource Curse?

      • Joseph Kwadwo Asenso, Ishmael Ackah

      Pages 207-253

   4. The PRMA as Ghana’s Petroleum-Based Sovereign Wealth Fund (SWF): Fiscal Framework and Performance

      • Seth E. Terkper

      Pages 255-290

   5. Local Content and Local Participation in the Oil and Gas Industry: Has Ghana Gotten It Right?

      • Austin Dziwornu Ablo, William Otchere-Darko

      Pages 291-313

   6. Utilising Ghana’s Natural Gas Resources: Implications for Industrial Development and Inclusive Growth

      • Benjamin Boakye

      Pages 315-346

4. Oil and Gas Governance and Lessons Learnt

   1. Front Matter

      Pages 347-347

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   2. The Ghanaian State and Governance of the Upstream Oil and Gas Industry

      • Ferdinand D. Adadzi, Nana Serwah Godson-Amamoo, Jemima Nunoo

      Pages 349-402

   3. Public Interest Organisations, Transparency Initiatives, and Petroleum Sector Oversight and Accountability

      • Steve Manteaw, Emmanuel Graham

      Pages 403-448

   4. The Social Injustices of Ghana’s Oil Industry

      • Jasper Abembia Ayelazuno, Ishmael Ayanoore

      Pages 449-481

   5. Travails of Ghana’s Decade of Crude Oil Production and Exports: Lessons and Policy Prescriptions

      • Kwamina Panford

      Pages 483-520

5. International Perspectives and Conclusions

   1. Front Matter

      Pages 521-521

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This book explores Ghana’s newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered.

Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics.

• Ghana’s Petroleum Industry in Transition
• Natural resources and Ghana's economy
• Transboundary Resource Management
• Africa’s Oil and Gas Resources
• Petroleum Sector Accountability
• Escaping the resource curse

• University of Aberdeen, Aberdeen, UK

  Theophilus Acheampong

• Stobe Law, Accra, Ghana

  Thomas Kojo Stephens

Theophilus Acheampong is Associate Lecturer and Honorary Research Fellow at the Aberdeen Centre for Research in Energy Economics and Finance (ACREEF), The University of Aberdeen, and also an Associate Lecturer at the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP), The University of Dundee. He is also co-Founder of the iRIS Research Consortium, and a non-resident Senior Fellow at Ghanaian Think Tank IMANI Centre for Policy and Education, all based in Accra, Ghana.

Thomas Kojo Stephens is a Senior Partner at Stobe Law in Accra, Ghana, and the Head of the Transactional, Oil and Gas Practice, as well as the Consultancy Group of the firm. He is an Advisory Board Member of the International Energy Law Advisory Group (IELAG), a Principal Trainer at the International Energy Law Training and Research Company (IELTRC), and a former Vice-Chairman of Ghana’s Public Interest and Accountability Committee (PIAC), a statutory body with oversight over the use of Ghana’s petroleum revenue.  He is also a Senior Lecturer at the University of Ghana School of Law.