ABSTRACT

This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book examines governance issues relating to Ghana's petroleum sector. It reviews approaches necessary to achieve this both in terms of principles of sound management of public finances and specific instruments including petroleum revenue funds. The book examines the role of transparency, accountability and stakeholder engagement in developing and implementing good extractive industry policy, using examples from Ghana and elsewhere. It focuses on the influence of civil society on the evolution of norms and procedures for oil sector management, both at a national and international level, and identifies emerging issues and tactics that civil society groups are beginning to utilize as their approaches continue to grow more nuanced. The book explores best practice experience to ensure thorough examination of both security and environmental issues relating to the O&G industry and appropriate safeguard measures suited to Ghana and the best means for their implementation.