Competitive bidding for oil blocks: Institute of Public Policy Research lauds initiative, but wants other matters addressed

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The Institute of Public Policy Research (IPPR) has commended Government for initiating moves to ensure competitive bidding for oil blocks in the country, saying it will enhance transparency in the award of contracts.

A statement issued by the think-tank in reaction to government’s announcement and signed by Eugene B.G Bawelle, its executive director, stated in part ‘’ The Institute of Public Policy Research however calls on government to maximise full returns in the ‘open and transparent’ bidding process as the country holds a competitive advantage in these negotiations.’’

The statement continued ‘’ in furtherance, one other concern is the 5% local content participation. Regulations 4(2) of the Petroleum Exploration and Production Act, 2016 mandates at least a 5% of equity participation of local companies in the upstream sector.

See below, the full statement as issued by the think-tank.



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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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