CONFERENCE AT LABADI BEACH HOTEL CONFERENCE HALL, ACCRA ON 13th - 14th NOVEMBER 2017
Theme: “Maximizing the benefits of petroleum resources in Africa; the role of open contracting for efficient negotiations and effective revenue utilizations”.
Instituted in 2015, the Africa Oil Governance Summit is an annual event that brings together stakeholders in Africa’s petroleum industry to deliberate on emerging governance issues in the sector. The Africa Centre for Energy Policy (ACEP) realized the need for the African continent to consolidate gains and right wrongs made from management of petroleum resources and to initiate dialogue aimed at translating the extraction of oil into socio-economic development. The Centre recognizes that the vehicle to this is a strengthened governance framework that reduces incentive for corruption, builds capacity and invest revenues efficiently. The maiden Summit in 2015 broadly discussed governance around Africa’s oil, touching on contract transparency, local content, institutional development, and revenue accountability. In the 2016 edition, the summit focused on the survival strategies for African oil producers amidst low oil prices. This year, the discussion will anchor on open contracting and how African countries can recognize that as key for transparency and ultimate determination of national take.
Read More Contracting establishes many of the commitments between government and companies in the extractive industries. This implies that, benefits from petroleum resources are significantly determined by contracts. Within the petroleum value chain, open contracting has been a challenge for many governments in resource rich countries. Many of the challenges influencing poor negotiating of contracts in Africa include lack of institutional capacity in contract negotiation, corruption of public officials, allocation of contracts to companies without financial and technical capacity, granting of tax concessions to undeserving companies and lack of strong oversight institutions to scrutinize contracts to ensure better deals. This is worsened by lack of transparency in contracting processes. The net effect of all these is fertile ground for rent seeking, corruption and nepotism in contract awards, information asymmetry between companies and governments, individual interest projected against national interest, and ultimately, massive revenue loss to the state due to poorly negotiated contracts. In recent times more African countries are adopting open contracting by instituting policies that provide for contract transparency. Through the Extractive Industry Transparency Initiative (EITI) process, advocacy from the international community and and civil society, many countries are embracing contract transparency. This year’s Summit intends to bring together Civil Society, Governments, and the business community to discuss the principles and benefits of open contracting. Lessons would be drawn from across the continent on the experiences, challenges, current developments and new perspectives with regards to open contracting. More importantly, emphasis would be placed on how open contracting provides the opportunity for citizens to demand accountability from governments and the oil companies at each point of the value chain of the industry. The guidance note to speakers and moderators will be tailored to bring out lessons and experiences worth emulating and reforming.
There will be strong media presence at the Summit.
Africa Centre for Energy Policy (ACEP), partners and allies met in Accra from the 23rd and 24th of November 2016, to review and reflect on progress made by the country and Africa as a whole in the governance of its oil resources and to build the desired consensus on a road map to resource prosperity. The summit focused particularly on how good governance from oil wealth can be translated into development in Africa and how the continent could be assured to move away from the oil resource curse. For good governance to be achieved, participants agreed that it was paramount to pursue transparency and accountability in the oil resource sector.
In ensuring transparency, it was acknowledged that some African countries have made impressive progress such as the adoption of open and competitive bidding processes for granting oil concessions. Particularly for Ghana, the government has propelled the institutionalisation of a number of processes including the setting up of the Petroleum Commission Act, the Petroleum Revenue Management Act (PRMA) and the Public Interest Accountability Committee (PIAC) amongst others. These demonstrate the strong foundation being laid to promote good governance in the oil sector in Ghana which sets an example for other African nations. However it was agreed that more could be and needed to be done in terms of promoting accountability. Participants agreed that it was time for transparency to translate into accountability.
The summit also called for citizen and community involvement and participation in all stages of decision making right from the appraisal stages to deciding which type of projects should be funded from oil revenues. A remaining hindrance to civic participation however is the complex and technical language with which policies are often crafted. It was therefore necessary for policies and regulations to be translated into forms easily accessible to the average citizen. Finally, ACEP and all institutions present reconfirmed their dedication and commitment in terms of human resources, time and in mobilizing fiscal resources in ensuring good governance within the African oil sector.
The speakers for this year’s summit have been drawn from different countries with a great track record in governance, the petroleum sector, oil and gas and the total management of natural resources. Last year’s speakers share some similarities with this year’s speakers. However because of the different theme, most are new. They are not only dynamic in their area of expertise, but wield extraordinary knowledge which when tapped into, will go a long way in shaping our developmental process toward excellence. Though the summit is centred on Africa, some of our speakers through years of partnership will come from outside Africa to contribute their rich experience from their continent to the efforts the continent of Africa is making towards good governance of its natural resources. It is indeed worthy to note that, the spirit of knowledge sharing is where individuals acquire the bigger understanding of the issues in managing natural resources and subsequently making tangible recommendations of improvement. Therefore the speakers for this summit bring on board experiences and knowledge aimed at transforming the understanding of individuals, institutions , nations and impact on the world at large.
Daniel Kaufmann is the president of the Natural Resource Governance Institute (NRGI), a policy institute and non-profit organization operating in more than a dozen countries. He is an economist and has practical experience in providing high-level policy advice and helping countries in all regions of the world to formulate and carry out governance reforms in areas such as anti-corruption, transparency and natural resources. Dr Kaufmann was previously a senior fellow at the Brookings Institution, where he remains a non-resident fellow. Prior to that, he was a director at the World Bank Institute, leading work on governance and anti-corruption. He also held other World Bank senior management positions focused on anti-corruption, finance and regulatory reform, and was lead economist in the research department. He serves on various advisory boards and has also been a member of the Faculty and Global Agenda Council of the World Economic Forum (Davos). He is currently a full member of the EITI Board.
Emmanuel Armah Kofi Buah (born 1966) is a Ghanaian politician and the minister of energy and petroleum and the Member of Parliament of Ellembelle constituency in the Western Region of Ghana. On 17 January 2013, Buah was named as Minister for Energy and petroleum. Emmanuel Armah Kofi Buah holds a law degree from the Kwame Nkrumah University of Science and Technology and a Master of Science degree in Management from the University of Maryland, University College, USA. Buah has two children
Speech and Opening of Summit by Special Guest of Honourn
9:00AM - 10:00AM
Welcome Address: The Vice President of the Republic of Ghana
Statement by Sponsors: Adelaide Addo-Fening Team Leader, GOGIG
Keynote Speech: Professor Daniel Kaufmann, President of Natural Resource Governance Institute (NRGI)
Speech and Opening of Summit by Special Guest of Honour: Hon. Armah Kofi Buah (Minister of Petroleum)
10:00AM - 11:30PM
11:30PM - 12:00PM
You will have a chance to enjoy a cocoa break.
12:00PM - 01:30PM
Facilitator: Facilitator: N/A
12:00PM - 01:30PM
Facilitator: : N/A
01:30PM - 02:30PM
02:30PM - 4:30PM
04:30PM - 05:30PM
04:30PM - 05:30PM
9:00AM - 10:30AM
Opening Address: N/A
10:45AM - 12:30AM
11:30AM - 1:00AM
01:00PM - 02:00PM
02:00PM - 03:30PM
03:30PM - 04:30PM
The Maiden edition of the Oil Governance Summit was a huge success
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The Conference can help you connect with Industry Experts. In addition, you can open your knowledge and contribute your ideas in this conference.
Labadi beach hotel conference hall, Accra.
Avenue D, Hse. No. 119 D,North Legon,