The Oil for Development programme in Ghana
Ghana has Africa’s fifth-largest oil reserves and sixth-largest natural gas reserves. The country is a relatively new producer of oil and gas, having started producing oil in commercial quantities in 2010.
Ghana started producing oil in commercial quantities from the Jubilee field, offshore Ghana in 2010 (daily average production around 100.000 bbls in 2015). With yet two more fields offshore, the TEN field and the Sankofa field under development, Ghana is expected to double production within a few years.
The first five-year cooperation programme between Ghana and Norway ended in 2014 with an end-review concluding that the OfD support had contributed significantly to the structuring of the Ghanaian petroleum sector.
A new five-year agreement was signed in September 2015.
Key achievements 2016
Enhanced legal and regulatory framework:
- Ghana’s new petroleum exploration and production law was approved by parliament in August 2016. The Ministry of Petroleum drafted the law with support from Norwegian legal experts.
- The Ministry of Environment, Science, Technology and Innovation finalized the scoping report for the Strategic Environmental Assessment for future onshore petroleum activities. A draft of the petroleum related environmental policy was also developed. Regulations on waste management, hazardous materials and contingency planning were developed, all with support from the Environmental Protection Agency and Norwegian Environment Agency.
Institutional capacity building:
- The Petroleum Commission enhanced data management through the establishment of a new National Data Repository.
Increased transparency and accountability:
- The public’s understanding and knowledge of the petroleum sector and its impact on the environment was increased through meetings between local government and stakeholders when scoping the Strategic Environmental Assessment (SEA). An SEA is currently being conducted for activities in the onshore Voltaian basin.
- The public’s knowledge of the petroleum sector and how it is managed in Ghana was increased due to debates in parliament, in the media and in civil society during the process of approving the new petroleum law.
- A group of journalists were trained to enhance knowledge-based reporting on the use of petroleum revenues.