Ghana: Energy Centre lauds passage of petroleum bill

*Ghana National Gas Company, Atuabo gas plant.

*Ghana National Gas Company’s Atuabo gas plant

14 August 2016, Accra – Energy think tank, the Africa Centre for Energy Policy (ACEP), says the passage of the Petroleum (Exploration and Production) Act 2016 by Parliament is welcome news for the oil and gas sector.

However, ACEP says absence of punitive actions for conflict of interest by public officials blots the impecable work by Parliament.

“We are however worried that an important provision relating to penalty for conflict of interest of public officers has not been incorporated in the Act despite many calls for it.

“In Liberia’s Petroleum Act 2014, a conflict of interest and penalty clause reads ‘An officer in the public service engaged in the implementation of this Act shall not, in his or her private capacity, knowingly, directly or indirectly, acquire, attempt to acquire or hold: (a) a petroleum right or an interest in a petroleum right; (b) a direct or indirect economic interest, participation interest or share in an entity that is authorized under this Act to carry out petroleum right in Liberia; or (c) a direct or indirect economic interest, participation interest or share in a company that is providing goods or services to a holder of a petroleum right under this Act. A person who contravenes this commits an offence and is liable on conviction to a fine not exceeding fifty thousand US dollars or imprisonment not exceeding five years or both,'” ACEP said in a release.

 

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