Ghana beats Nigeria, others in transparency as it launches oil contracts register

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While Nigeria has been trying to set up an open accessible register of oil contracts for years now, the Ghanaian government last week launched a public register of petroleum contracts, agreements, authorizations and permits in a bid to enhance transparency and accountability in the oil and gas sector, Daily Trust reports.

The register is hosted via a web portal and presently contains 17 agreements signed between the government of Ghana and multinational oil companies. According to the oil ministry, Ghanaians will, through the register, have full disclosure of oil agreements, permits approvals and contracts, to help them demand accountability.

Last year, Ghana was ranked No. 1 within sub-Saharan Africa in terms of transparency in the oil and gas sector and governance reforms in the 2017 Resource Governance Index (RGI) by the Natural Resource Governance Institute (NRGI). The RGI however placed Nigeria 77th among 89 country licensing assessments.