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.
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.
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..
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
16:30 - 17:00
REPORT LAUNCH/PANEL DISCUSSION
15:00 - 16:30
Topic of Report: Petroleum Cost Auditing
Facilitator: Dr Ishmael Ackah
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)
Mr. Richard Amenuveve (Chief Revenue Officer, Large Taxpayer’s office-GRA).
3RD PANEL: - Financing local content
14:00 - 15:00
13:00 - 14:00
2ND PANEL: THE PLACE OF LOCAL CONTENT IN AFRICA’S INDUSTRIALIZATION AND REGIONAL INTEGRATION DRIVE (THE FREE TRADE AGREEMENT)
11:45 - 13:00
Facilitator: Dr Kojo Busia (Coordinator, African Minerals Development Centre, UNECA)
Mr. Emmanuel Kuyole (Executive Director, Centre for Extractives Development, Africa)
Mr. Salum Mnuna (The National Coordinator, EACOP Project, Tanzania And Uganda)
Dr Oliver Maponga (Consultant to SADC, AND UNECA Southern Africa Office, Zambia)
Dr. Raymond Ihenacho (Mekkembuk Consultant,Nigeria and Consultant to ECOWAS)
11:30AM - 11:45AM
1ST PANEL: “BEYOND LEGISLATION, WHAT SHOULD BE THE ROLE OF GOVERNMENT”
9:45AM - 11:30AM
Presentation of Paper by Dr. Richmond Atta Ankomah and Prof. Giles Mohan.
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)
Discussing Communique and Closing Session
15:00 - 16:30
Topic: Opportunities for women empowerment in the petroleum industry (taking advantage of local content potentials)
14:00 - 15:00
Facilitator: Mrs. Anna Kulaya (Deputy Country Director, WILDAF Tanzania)
Mekombé Thérèse(Oxfam West Africa)
Dr. Jemima Nunoo (Lecturer, GIMPA/Board Member of Petroleum Commission, Ghana)
Ms. Victoria Ibezim-Ohaeri (Executive Director, Spaces for Change, Nigeria)
13:00 - 14:00
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)
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)
Kaisa Toroskainen (Africa Program Officer,NRGI-Ghana)
Godber Tumushabe (Associate Director, Great Lakes District for Strategic Studies, Uganda)
10:40 - 10:55
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: Mr. Evans Mensah
Mr. Jonathan Norton (Country Manager, Vitol Group, Ghana)
Ms. Jennifer Bruce-Konuah, (Supplier Development & Delivery Manager,Tullow Ghana Plc)
Mr Baluri Kasim Bukari
RECAP OF DAY 1 - Moderator
9:00 - 9:10
The 3rd edition of the Oil Governance Summit was a huge success
For more Check our Facebook page.
The Conference can help you connect with Industry Experts. In addition, you can open your knowledge and contribute your ideas in this conference.