Use this URL to cite or link to this record in EThOS: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.633280
Title: Getting it right : the development of an effective regulatory and policy framework for the management of Ghana's upstream oil industry
Author: Stephens, Thomas Kojo
ISNI:       0000 0004 5365 2854
Awarding Body: University of Aberdeen
Current Institution: University of Aberdeen
Date of Award: 2014
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Abstract:
Norwegian practice has largely permeated virtually every aspect of Ghana's oil industry. Extrapolation from Norway has been a step in the right direction as Norway is largely credited with adopting best industry practices in the management of its oil industry. Ghana's regulatory framework has evolved to resemble Norway's. Whilst not all this similarity is by design, that which is not has been reinforced by Norwegian practice. Norway's transparent and effective control of the industry by the Executive affords subordination of the industry's regulatory body to a powerful Ministry, which arrangement is counter-balanced by effective Parliamentary oversight. I posit that in the case of Ghana, the absence of transparency, effective checks and balances in the governmental framework coupled with the potential for rampant abuse of discretionary power, necessitates that real regulatory power is vested not in the Ministry but in a strong, independent regulatory body that exerts proper control over the operations of the oil companies. Though the Executive should naturally be the driving force behind policy and ordering of developments in the industry, the regulatory body must be vested with the necessary independence and powers to effectively regulate operations in the industry devoid of Executive interference and control.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.633280  DOI: Not available
Keywords: Petroleum law and legislation
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