Governance of the Petroleum Sector in an Emerging Developing Economy

Oil exploration in the developing world has been and continues to be a high profile and high risk activity attracting media coverage and stimulating much debate. In Governance of the Petroleum Sector in an Emerging Developing Economy, Professor Kwaku Appiah-Adu has assembled an edited volume that provides insight into critical aspects of this highly sensitive activity. Professor Appiah-Adu?s starting point is Ghana, where he has been closely involved in national policy-making. The book makes comparisons between that African country and others as diverse as Trinidad and Tobago, and Norway. The contributors, global experts in their respective fields, explore five critical themes and propose strategies for progress in each. You will find an in-depth analysis relating to: turning oil and gas wealth into sustainable and equitable development; entrenching transparency and stakeholder engagement; effective management of the oil and gas sector; and safeguarding security and the environment. Finally, country specific models and lessons, particularly for Ghana and other African oil producing nations, are offered. This book serves as reference for business practitioners, policy makers, scholars, students and anyone interested in gaining insight into the oil and gas sector, particularly as it pertains to Ghana and other African petroleum producing nations, with lessons drawn from the global arena and international best practice.

1: Introduction; 1: Turning Oil and Gas Wealth into Sustainable and Equitable Development; 2: Managing the Extractive Resource; 3: Revenue Management in the Oil and Gas Sector; 4: Ghana's Petroleum Revenue Management Law: A Social Contract for Good Economic Governance and Possible Challenges; 5: Risks in Gas-Power Project Financing; II: Entrenching Transparency and Stakeholder Engagement; 6: Towards Good Governance in Ghana's Petroleum Sector; 7: Civil Society and the Evolution of Accountability in the Petroleum Sector; 8: Can Ghana Avoid the Resource Curse?; III: Entrenching Transparency and Stakeholder Engagement; 9: Ghana's Present Legal Framework for Upstream Petroleum Production; 10: Petroleum Economics – Ghana's Petroleum Tax Regime and its Strategic Implications; 11: Maximizing National Development From the Oil and Gas Sector Through Local Value-Add: Extracting From an Extractive Industry; 12: Natural Gas as a Source for Downstream Industrial Development; IV: Safeguarding Security and the Environment; 13: Oil and Gas Issues: The Environment, Health and Safety, and Community Engagement; 14: Oil and Gas Security Issues; V: Country-specific Models and Lessons for Ghana and Other African Oil-producing Nations; 15: The Trinidad and Tobago Model; 16: The Main Attributes of the Norwegian Approach; 17: The Norwegian Experience; 18: Conclusion

Professional Practice & Development

Kwaku Appiah-Adu (PhD) is Professor of Business Management and Vice Dean at Central University Business School and Chairman of the Centre for Advanced Strategic Analysis, Ghana. He was Head of Policy Coordination, Monitoring and Evaluation at the Office of the President, Ghana, Chairman of the Oil and Gas Technical Committee, Director of Ghana’s Central Governance Project and a member of the Advisory Board for the UN Initiative on Continental Shelf Delineation. Kwaku served as a member of the President’s Investors’ Advisory Council. He has worked as a Consultant with PwC and lectured at the Universities of Cardiff and Portsmouth. An author of five books on management, Kwaku has published widely in refereed journals and presented papers at several international forums. He has been elected to the ANBAR Hall of Excellence. He is a director of a number of blue-chip companies.