Audio By Carbonatix
A Former Energy Minster, Mr Fred Ohene Kena has supported the proposed enactment of a law to regulate the management of oil resources in the country.
The legislation will also determine the distribution of wealth expected to generate from the mushrooming oil sector.
Speaking on Joy FM’s Super Morning Show, Mr Kena said the law should be stringent enough to avert its being manipulated by politicians.
He however advised Parliament to make the law flexible so as to allow for amendment where necessary.
“Specific provision should be made for communities along the areas where the oil is discovered”, he suggested.
That would avert sabotage in the sector as observed in the Nigerian case.
Nigeria is dogged with militants either breaking oil pipes leading spillage and other tragic consequences including death.
The country’s oil sector also suffers from hostage taking of foreign oil workers especially in the Niger Delta region.
In recognition of that, Mr Kena proposed the allocation of a certain percentage of the wealth to the communities that would be affected to transform their economic status.
“I have seen villages transformed completely” as result of such arrangement and made unnecessary for the people to become mischievous, he stressed.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Six arrested for murder at galamsey site at Gwira Ampansie
6 minutes -
TVET must drive Ghana’s development, not be seen as second-tier education – Mahama
9 minutes -
Iran condemns US strikes as ‘gross violation’ of ceasefire
14 minutes -
Finance Minister must explain 0.75% MoMo tax – Minority
15 minutes -
Quicken farm inputs distribution under Feed Ghana initiative – SEND Ghana urges govt
16 minutes -
NDC is a government of propaganda – Minority
18 minutes -
Ghana moves from unsustainable debt to moderate risk for first time since 2013 – Ato Forson
21 minutes -
Audit report flags GH¢15m ‘unrelated payments’ in 2023 African Games expenditure
21 minutes -
NDC using BoG, private sector company to enforce 0.75% MoMo levy – Minority Leader claims
26 minutes -
Minority Leader questions “further consultation” claim in suspended 0.75% MoMo charge
28 minutes -
Hearts of Oak sack Didi Dramani
34 minutes -
GAEC breaks ground on first major staff housing project in over 6 decades
37 minutes -
Deloitte Ghana empowers over 4,500 SHS students through annual ‘Volunteer Day’ programme
1 hour -
2023 African Games: Auditor-General uncovers GH¢208m debt despite GH¢2.2bn expenditure
1 hour -
AG backs Supreme Court case seeking to open party primaries to all members
1 hour