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Keynote Address by; Hon. Seth Terkper, Deputy Minister

Distinguished Ladies and Gentlemen, ensuring good governance,macroeconomic stability and the phenomena of the Dutch Disease are paramount and we will keep working with relevant institutions and
stakeholders to achieve that. I must admit that in our quest to achieve these goals there will be challenges. We will have challenges in creating avialable, integrated and diversified oil and gas industry that does not compromises our environment, cultural and social values. We as stakeholders must take a keen interest in processes around us to ensure that we are empowered enough to hold our leaders accountable.


The GHEITI Secretariat and the GHEITI NSC have worked hard to narrow the Audit reporting gap which existed at the start of the initiative in 2003.So far, they have managed to produce financial audits reports for 2004,2005,2006,2007,2008 and 2009. All these reports and other very useful information are available on the GHEITI website at www.gheiti.gov.gh.


After a series of consultations with a majority of the stakeholders in the Oil/Gas Sector we hope to bring on board very soon financial audit reports for the oil/gas sector. We have almost covered the reporting gap for mining and it is our expectation that stakeholders will soon discuss reports relatively recent audit reports for both sectors.