MINISTRY OF FINANCE GHANA EXTRACTIVE INDUSTRIES’ TRANSPARENCY INITIATIVE (GHEITI) FINAL GHEITI report ON the oil/gas sector -2014 DECEMBER 2015 Prepared by: Boas & Associates P. O. AT 1367 ACHIMOTA-ACCRA GHANA MOBILE: 233 244 32 6838 EMAIL:
[email protected] TABLE OF CONTENTS LIST OF ABBREVIATIONS/ACRONYMS……………………………………………………………………….....i 1.0 BACKGROUND .................................................................................................................................................... 1 1.1 BRIEF ON EITI IN GHANA ............................................................................................................................ 1 1.2 CONTENT AND OBJECTIVE OF THE REPORT ........................................................................................... 2 2. 0: APPROACH AND METHODOLOGY .............................................................................................................. 4 3.0 THE OIL /GAS INDUSTRY IN GHANA ............................................................................................................. 6 3.1ACTIVITIES WITHIN THE OIL & GAS SECTOR .......................................................................................... 8 3.2 GHANA’S REGULATORY FRAMEWORK FOR THE PETROLEUM SECTOR ........................................ 12 4.0 RECONCILIATION ............................................................................................................................................ 43 4.1 DATA COLLECTION & ANALYSIS ............................................................................................................