Franklin Ashiadey
Mr. Franklin Ashiadey

Ghana said it was optimistic of going through its second Extractive Industry Transparency Initiative (EITI) validation successfully.

Franklin Ashiadey
Mr. Franklin Ashiadey

Franklin Ashiadey, national coordinator for the Ghana Extractive Industries Initiative (GHEITI) told Xinhua in an interview that Ghana is ready for the EITI validation process which takes place in October 2015.
“Ghana is one of the top EITI implementing countries. Everywhere in the world, implementation of EITI in Ghana is highly recognized and therefore we have a standard to meet and we are getting ready for that,” Ashiadey said.
The EITI is a global standard to promote open and accountable management of natural resources. Countries implementing the EITI standard will ensure full disclosure of taxes and other payments made by oil, gas and mining companies to governments. These payments are disclosed in an annual EITI report, which allows citizens to see for themselves how much their government is receiving from their country’s natural resources.
Ghana passed its first EITI validation test in 2010, a feat which many described the process as quite flexible thereby contributing to the country’s success.
Chairman of the civil society platform on oil and gas and co- chair of the GHEITI, Steve Manteaw said validation in 2010 was easy to pass because the principles and criteria was so narrow focusing just on revenue transparency.
“I think the biggest challenge that we have now is the 2015 validation because here, it is an expanded terms of reference covering several of the links in the value chain and therefore I think that our greatest test will be in 2015 and I wait to see whether or not we pass this test.”
Many countries that have signed onto the EITI program have over the years been able to pass but Ashiadey said “this time around it is going to be more rigorous.”
The country signed onto the global initiative over a decade ago and the GHEITI national coordinator said the major challenges Ghana has encountered regarding the preparation of the reports so far had to do with the scope of the EITI requirements as well as difficulties with data collection.
He however expressed optimism that Ghana had put in place various interventions to ensure it met the requirements of the global EITI during the validation process.
Manteaw enumerates some measures to be put in place by Ghana to ensure it came out successfully from the EITI validation in the last quarter of the year.
“I think first and foremost, we should be setting up the license registers making contract disclosures mandatory. We need to be more open in terms of how the revenues have been used not only at the sub-national level but also at the national level.”
EITI validation provides an independent assessment of EITI implementation. It is the tool used to assess whether a country implementing the EITI has met the requirements for compliance with the EITI standard.
Among the benchmarks the EITI looks out for in its validation include regular publication and dissemination of EITI reports, engagement of civil society as well as the impact of the reports.
A country can be delisted from the EITI when it fails to meet the requirements for compliance with the EITI standard after two years of warning and it therefore no longer recognized as a country implementing the EITI. Enditem

Source: Xinhua


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