
Audio By Carbonatix
Chairman of the Public Interest and Accountability Committee (PIAC) Dr Steve Manteaw, has rejected claims by some oil and gas companies that the poor data quality on oil blocks is compelling them to go for direct negotiation rather than competitive bidding.
He said that claim cannot be a good justification because the principles of going into a direct negotiation are different from competitive bidding.
Dr Manteaw made the comments on the sidelines of the launch of the civil society scorecard report on Ghana's first upstream oil and gas round.
After Government launched the first bidding process and licensing round for some oil blocks in the Western Region, about ten of the companies that submitted bids have chosen to go for direct negotiation.
This development has been described as a sign of low interest in the country's field which has been blamed on the low quality of data on the various oil blocks and small size of acreage.
In an interview after the launch of the citizens’ scorecard on the pre-qualification process, Dr Manteaw rejected the claim.
Meanwhile the inadequate public knowledge on the companies to be awarded the blocks through direct negotiation is said to undermine the quality of the competitive bidding process.
The report is part of initiatives by civil society to improve transparency in the extractive sector.
Latest Stories
-
Nigerian student dies after suffering injuries in Russian airstrike
1 minute -
The Accra Floods: Whiles we build a new city, let’s fix the one we have
11 minutes -
Digital fraud shows criminals have moved from the street to the screen – Prof. Bokpin
46 minutes -
‘Trust is a currency’: BoG warns fraud could derail Ghana’s push towards a cash-lite economy
55 minutes -
Finance Ministry flags $4.2m in unretired GARID Funds under Akufo-Addo government
1 hour -
Financial literacy must become part of Ghana’s anti-fraud strategy – Economist
1 hour -
Interior Minister urges GIS Commanders to develop sustainable solutions to service delivery
1 hour -
$65m flood protection cash was diverted to Covid under Akufo-Addo – Finance Ministry
2 hours -
Build Ghanaian coaches – ADC urges after Black Stars World Cup exit
2 hours -
GTA engages Tema stakeholders on new draft regulations, GTIS, tourism levy
2 hours -
Mason, 45, remanded over alleged defilement of two-year-old
2 hours -
GNFS recovers body of man from flooded drain at Kpando-Gabi
2 hours -
China-Ghana friendship built on strong historical ties, mutual trust – Ambassador
2 hours -
Hohoe MP cuts sod for construction of bridges in constituency
2 hours -
Treasury bill rates edge up in latest BoG auction
2 hours