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Full-Text Articles in Oil, Gas, and Mineral Law
Preventing The Resource Curse In Ghana: The Role Of Government And International Oil Companies In The Exploration And Management Of Ghana’S Non-Renewable Resources For Inclusive Development (Oil/Gas), Maud Esi Amoafo
Major Papers
This study investigated the role of government and IOCs in the exploration and management of Ghana’s non-renewable resources (oil/gas) for inclusive development and the prevention of the resource curse. Incorporating the rentier state theory and resource curse theory into the study, this paper found that following the commencement of oil production in 2010, the Government of Ghana has enacted major institutional and legislative frameworks, including the PRMA and the GLCL, to combat the impending challenges of the oil industry. Through the PRMA 815, the Petroleum Holding Fund and PIAC have been established for a more transparent and accountable disbursement of …