Audio By Carbonatix
WACAM, a civil society organization committed to bettering the lives of people in resource rich communities in Ghana has dared the American Petroleum Institute (API) to withdraw its suit against the implementation of the Dodd Frank Act.
The Dodd Frank Act is a Civil Reform Act Passed the United State of America in 2010, it contains provisions that requires oil, gas and mining companies listed in the US to disclose payments to governments with companies listed in the US.
The law was meant to help civil society monitor monies paid by extractive industry operators to their government.
In 2012, the API filed a lawsuit to block the transparency requirement, and some mining companies have also joined the suit.
In an Oxfam produced documentary stumbled upon by Spyghana.com, the Director of Advocacy and Communications at WACAM, Boakye Dankwa Boadi expressed worry over an attempt by the API to prevent the implementation of the Act.
“We saw the new regulations as something good that has happened to us, because the American companies were going to tell us how much have been paid to our government so that we can hold our governments accountable.” Mr. Boadi stated.
“We don’t understand why they are blocking this accountability and transparency move, what do they have to hide? Are they bed fellows with government on corruption?” A frustrated Mr. Boadi is heard saying in the documentary.
He challenged the API and others to drop the case now if they want to be taken seriously else it will affect their public image as responsible institutions.
Oxfam has been calling on the US oil companies to drop their support for the API’s lawsuit and let the Dodd Frank Act be implemented.
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
-
Family demands answers after dialysis patient dies at TTH during power outage
8 minutes -
Foreign Ministry repatriates nearly 7,000 distressed Ghanaians since 2025 – Ablakwa
30 minutes -
Gender Ministry steps up community campaign against social vices
1 hour -
Police bust armed robbery gang targeting gold dealers, mining sites in Ashanti and Western regions
1 hour -
Galamsey causes 1 in 4 fibre cuts in Ghana – Sam George
1 hour -
Police link Labone bank robbery suspects to earlier attacks on customers
1 hour -
Accra-Kumasi Expressway will be Mahama’s major road legacy – Agbodza
1 hour -
Ghana spends over US$20m repairing fibre cuts – Sam George
2 hours -
GACL wins two awards at ACI World Airport Experience Summit
2 hours -
Tomato prices to drop sharply in coming weeks – John Dumelo
2 hours -
Ashanti Region crowned 2026 MTN Elite U-19 champions after seven-goal thriller
2 hours -
Stranded Ghanaians in South Africa plead for fresh evacuation window
2 hours -
Kpone-Katamanso MUSEC summons emergency meeting over chieftaincy tension
2 hours -
‎Foreign Affairs Ministry to launch Diaspora Consular Fund
2 hours -
Police veers into investigations of death of a woman at Have Etoe
2 hours