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. Instituted in 2015, the summit provides a unique platform where stakeholders in Africa’s petroleum industry share best practices on maximizing the benefits of resource extraction through efficient governance approaches. The Africa Center for Energy Policy (ACEP) realized the need for the African continent to consolidate gains and right wrongs made from the management of petroleum resources and initiate dialogue aimed at translating the extraction of oil into socio-economic development. The Center recognizes that the vehicle to this is to strengthen governance frame work that reduces incentives for corruption, builds capacity and invests revenues efficiently. The maiden Summit in 2015 broadly discussed governance issues in Africa’s oil resources. It touched on contract transparency, local content issues, institutional development and revenue accountability. In 2016, the summit focused on survival strategies for Africa’s oil producers amidst low oil prices, and the 2017 summit focused on the developmental implications of open contracting in upstream oil and gas, and revenue management and utilization. The 2018 summit will focus on increasing the impacts of local content policies in resource-rich African economies.
Local content policies have become priority for policy makers in resource endowed countries who largely depend on their extractive sectors to support sustainable economic growth and development. The implication of local content polices are diverse: it could mean job creation, value addition and industrial development, and local economic growth through forward, sideward and backward linkages of the extractive sector to the rest of a nation’s economy. All these emanate from the enormous potential of the extractive sector in generating revenue and other indirect benefit to the economy.
Measures aimed at stimulating local content development are grouped into:
Generally local content polices across the world have common objectives and goals;
However, when it comes to its implementation, several challenges emerge depending on the context of the country.
There are streak of common challenges encountered by African countries in their quest to maximize the benefits of their local content policies. Among them include:
These challenges among many others are of concern to stakeholders and governments, whose aim is to maximize benefits from the extractive sector for improved socio-economic development. African countries cannot overcome these by working as individual countries; a strong continental coalition and networking is required to create a strong and viable voice as one continent.
 See World Bank ( 2016) Local content in oil gas and Mining, available http://www.worldbank.org/en/topic/extractiveindustries/brief/local-content-in-oil-gas-and-mining
 See Hestermeyer and Nielson ( 2014) The legality of Local Content Laws under WTO Laws, available online through https://www.researchgate.net/publication/279321597_The_Legality_of_Local_Content_Measures_under_WTO_Law
The Summit will attract participants from;
A key output of the summit will be a communiqué constituting demands for actions by governments and policy makers across the continent of Africa. The communiqué will form a strong basis for program development and advocacy to influence government policy in maximizing returns on extractive resources particularly through local content provisions. It will also serve as the benchmark for measuring post-Summit progress and achievements.
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..
“Dr. Mahamudu Bawumia is Vice President of the Republic of Ghana and head of Ghana’s Economic Management Team.
He is an economist and banker by training. He served as Deputy Governor of the central Bank of Ghana between 2006 and 2009. Between 2009 and 2010 he was a visiting scholar at the Center for the Study of African Economies, Oxford University. He also served as Resident representative for the African Development Bank in Zimbabwe in 2011-2012.
He was a visiting scholar at the University of British Columbia (Canada), and a Senior Associate Member of St. Antonys College, University of Oxford. Between 2013 and 2015 Dr. Bawumia was visiting professor of Economic Governance at Central University, Ghana. Dr. Bawumia also served as an Assistant Professor of Economics at Hankamer School of Business, Baylor University, Texas, USA (1996- 2000).
Dr. Mahamudu Bawumia holds a BSc. Economics (First Class Honours) degree from the University of Buckingham, UK, a Masters degree in Development Economics from Oxford University (Lincoln College) and a PhD in Economics from Simon Fraser University (Canada). He is an Associate of the Chartered Institute of Bankers (U.K) (ACIB) and a Fellow of the Chartered Institute of Bankers (FCIB), Ghana.
Dr, Bawumia has published several articles in refereed journals and has also published two books on Monetary Policy and Economic Development.”
Speech and Opening of Summit by Special Guest of Honourn
John-Peter Amewu holds an MBA (Finance) from University of Ghana. He also has a Post Graduate Degree (Executive MBA in International Energy Industry Management), and Masters in Petroleum Law and Policy from University of Dundee (UK).
He has more than 15 years’ experience in Government, Private Sector, Civil Society and International Development Organizations.
He has participated and undergone several mining professional training and attained various certificates from some Australia’s prestigious Universities (University of Sydney and University of Western Australia).
He is a Cost Engineer by profession with broader knowledge in the Energy and Mining Industry. He is a Co-founder of Africa Center for Energy Policy – ACEP; and also worked as the Director of Policy and Research where he provided pro-active and comprehensive policy related advice to support a variety of Government and Private Sector Projects.
He is the Chairman of Board of Directors of major private institutions in Ghana and a professional international consultant in his area of expertise (Mining and Petroleum). His contributions in providing solutions to the problems in the Energy Sector in Ghana have earned him both local and international acclamation and recognition.
He is married with three children.
Speech and Opening of Summit by Special Guest of Honourn
9:00AM - 9:45AM
Welcome Address: Mr Benjamin Boakye, Executive Director, ACEP
Speech and Opening of Summit by Special Guest of Honour: H.E ALHAJI DR. MAHAMUDU BAWUMIA (VICE PRESIDENT, REPUBLIC OF GHANA)
1ST PANEL: “BEYOND LEGISLATION, WHAT SHOULD BE THE ROLE OF GOVERNMENT”
9:45AM - 11:30AM
Presentation of Paper by Dr. Richmond Atta Ankomah
Facilitator: Dr Julliette Twumasi-Anokye (Principal Consultant, Anojul, Afriyie & Co.)
Dr Mohammed Amin Adam (Deputy Minister for Energy, Ghana)
Dr. Abdulrahman Osman (Ex Minister of Petroleum and Gas of the Republic of Sudan, and Current Consultant)
Hon.John Munyes (Cabinet Secretary Ministry of Petroleum and Mining, Kenya)
Neema Lugangira (Head of Policy, SAGCOT, Tanzania)
11:30AM - 11:45AM
2ND PANEL: THE PLACE OF LOCAL CONTENT IN AFRICA’S INDUSTRIALIZATION AND REGIONAL INTEGRATION DRIVE (THE FREE TRADE AGREEMENT)
11:45 - 13:15
Facilitator: Dr Kojo Busia (Coordinator, African Minerals Development Centre, UNECA)
Mr. Salum Mnuna (The National Coordinator, EACOP Project, Tanzania And Uganda)
Dr Oliver Maponga (Consultant to SADC, AND UNECA Southern Africa Office, Zambia)
13:00 - 14:00
3RD PANEL: - Financing local content
14:00 - 15:00
REPORT LAUNCH/PANEL DISCUSSION
15:00 - 16:30
Topic of Report: Petroleum Cost Auditing
Mr. Benjamin Boakye (Executive Director of ACEP)
Mr. Samuel Quaque Sackey(Head of Petroleum Unit, Ghana Revenue Authority)
Mr. Kwesi Obeng (Oxfam International, West Africa)
16:30 - 17:00
RECAP OF DAY 1 - Moderator
9:00 - 9:10
KEYNOTE - Dr. Ben Asante (The CEO, Ghana National Gas Company Limited)
9:10 - 10:40
Topic: Local content vs. investment attraction-international investors perspectives.
Chair & Facilitator: Ms. Isabelle Ramdoo (Senior Associate and Development Economist IGF/ IISD)
Mr. Jonathan Norton (Country Manager, Vitol Group, Ghana)
Ms. Jennifer Bruce-Konuah, (Supplier Development & Delivery Manager,Tullow Ghana Plc)
Mr Baluri Kasim Bukari
Jane Korinek (Economist, Trade Policy Analyst, OECD)
10:40 - 10:55
Topic: The role of CSOs in driving local content
10:55 - 12:00
Facilitator: Charles Wanguhu (Civil Society Platform on Oil and Gas, Kenya)
Ikal Angelei (Director, Friends of Lake Turkana)
Godber Tumushabe (Associate Director, Great Lakes District for Strategic Studies, Uganda)
12:00 - 13:00
Topic: Markets as regulatory mechanisms: indigenous companies and local content requirement policies in extractive industries.
Speaker: Rafael Macatangay (Lecturer in Energy Economics-Teaching and Research, School of Social Sciences, University of Dundee).
Facilitator: Dr. Adriano Nuvunga ( Mozambique)
13:00 - 14:00
Topic: Opportunities for women empowerment in the petroleum industry (taking advantage of local content potentials)
14:00 - 15:00
Mekombé Thérèse(Oxfam West Africa)
Dr. Jemima Nunoo (Lecturer, GIMPA/Board Member of Petroleum Commission, Ghana)
Mrs. Anna Kulaya (Deputy Country Director, WILDAF Tanzania)
Ms. Victoria Ibezim-Ohaeri (Executive Director, Spaces for Change, Nigeria)
Discussing Communique and Closing Session
15:00 - 16:30
The 3rd edition of the Oil Governance Summit was a huge success
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Africa Oil Governance Summit
13-14th November 2018
Wednesday & Thursday 9:00 AM - 05:00 PM
Labadi beach hotel conference hall, Accra.
Avenue D, Hse. No. 119 D,North Legon,
Digital Address: GM-048-5151
0246824412 | 0244407469 | 0501379348