Resource Governance for Oil and Gas

For a non-renewable natural resource, governance plays a key role in ensuring efficient extraction, securing of benefits and applying the benefits for sustainable development. The governance structure in Ghana’s petroleum sector is composed of a network of policies, laws, regulations, institutions, systems, rules and processes that guide the entire value chain. This structure in Ghana like in many other resource rich countries is not static, much as the industry itself is dynamic. Ghana recognized the importance of a robust governance structure and started putting same in place decades ahead of commercial production.