Political Party Promises on Oil and Gas

Political Party Promises on Oil and Gas

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THE CPP’S PROMISES

The Convention People’s Party, is among Ghana’s first political parties and is currently the oldest political party on Ghana’s political scene. Formed as a reaction to the conservative approach towards the attainment of independence by the existing United Gold Coast Convention led by Ghana’s earth shaker Osagyefo Dr. Kwame Nkrumah, the CPP has endured for decades but has only been in power between 1957 and 1966 when Nkrumah was overthrown by the National Liberation Movement.

In the dawn of a new era in Ghana marked by a better educated and more aware political climate and the recent discovery and proliferation of liquid gold (crude oil) along the continental shelf of the country, their promises regarding our newly found treasure trove, how to exploit it in our favour and curb the possible international interferences and the environmental cesspool it may bring the nation is an important part of their manifesto. And these may form the basis for which the Ghanaian electorate may pass on to them their inherent sovereignty empowering them to rule and form a government

The promises the Convention People’s Party made about Ghana’s oil and gas resource are as follows:

  • Review and/or repeal/ renegade all contracts which are not in the best interest of the country.
  • Institute a programme to improve the overall public financial management of government revenue from all
  • Review and/or repeal the petroleum bill that adopts the royalty tax system as the mechanism for benefiting from our oil resources.
  • Adopt the Production Sharing Formula for the distribution of oil revenues and benefits.
  • Manage the revenue from Ghana’s petroleum sector strictly in accordance with the Petroleum Revenue Management Act 2011 (Act 815).
  • Introduce a strategic plan to carefully develop all sectors associated with the oil and gas industry.
  • Concentrate on production, refining, and export as part of the development of a petro-chemical industry.
  • Develop the salt resources of Ghana to produce products needed for the development of the petro-chemical industry.
  • Make Ghana the petroleum refining hub of the West Africa sub-region, with large-scale petroleum refining capacity providing the region’s gasoline, jet/aviation fuel, diesel fuel and lubricating oils.
  • Develop nitrogen-based fertilizers and other industrial and domestic products.
  •  Revamp and retool the Tema oil refinery to meet the best international
  • Establish a second oil refinery in the country.
  • Develop renewable sources like solar, wind, bio-mass and wave.
  • Support the Nzema solar project.
  • Invest in a wind energy program wherever feasible with topography from which wind power can be generated.
  • Install wind turbines to generate wind energy.
  • Manufacture wind turbines from fibre glass produced in Abosso glass factory and install them on the 100km wind corridor between the North and Ada to produce energy.
  • Development of bio-energy and biomass.
  • Free adequate arable land for the cultivation of crops, plants and wood-fuels for conversion into bio-fuels.

The ultimate aim of the CPP is to have at least 20 per cent of energy requirements from renewable sources. The key elements of the CPP’s energy policy are as follows:

  • Move towards a progressive energy mix of hydro, thermal, oil, gas, nuclear, wind, wave, solar and bio-mass for the generation of electricity for households and businesses.
  • Develop a modern and well-resourced energy planning system.
  • Ensure that we generate enough energy to keep pace with our economic and social needs.
  • Use the Energy Commission, the Energy Foundation, Public Utilities Regulatory Commission, Petroleum Commission, civil society organisations, and the relevant government ministries and agencies in the development of this system.
  • Diversify the sources of energy production.
  • Diversify the location as well.
  • Pass relevant legislation, to govern the production, distribution, and use of energy in the country.
  • Welcome foreign investment in the generation and distribution of energy in Ghana.
  • Ensure at all times that Ghana has strategic ownership to preserve our control over strategic national assets.
  • Ensure that the Petroleum Commission vigorously enforces the Petroleum Regulations.
  • Ensure that all our energy plans are accompanied with comprehensive and credible financing schemes.
  • Structure the production and distribution of energy to ensure reliable access for households and businesses at rates that are affordable and internationally competitive.
  • Improve the management of utilities by setting efficiency benchmarks and requiring utility companies to publish financial and management reports periodically.
  • Use legislation, public education, transportation policy, and fiscal policy to promote efficient use by households, government, and businesses of the energy.
  • Promote Clean and Green Strategy by meeting present social and economic needs without depriving future generations of the right to the same environment and resources.

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THE NPP’S PROMISES

The New Patriotic Party is one of the biggest political parties in Ghana it has in foundations in the Danquah-Busia tradition. It was the substantive government between 200 and 2008. Today it is the biggest opposition party in Ghana. The following are the promises it made in its manifesto regarding oil and gas issues towards the 2016 elections:

  • Increase the proportion of renewable energy in the national generation mix by harnessing alternative energy options.
  • Adopt a distributed solar energy solution for all government and public buildings to reduce demand on the national grid and reduce government expenditure on electricity.
  • Build solar parks in the northern part of the country.
  • Develop solar and wind mini-grids for irrigation and community water supply around the country through Public Private Partnerships.
  • Ensure local supply of solar panels to meet the requirement of our policy proposals.
  • Establish a Renewable Energy Industrial Zone.

For the purposes of committing to a transparent, accountable and efficient management of the country’s petroleum resources the NPP will:

  • Improve transparency in the management of our oil and gas resources.
  • Create an enabling environment through fiscal and non-fiscal measures to attract domestic and foreign investments.
  • Accelerate oil exploration in the Voltaian Basin as well as in the Keta and Accra Basins.
  • Develop Western Region into a regional oil services hub with a first class port facility.
  • Position it as an efficient centre for back-office support for the oil industry in the West African region.
  • Relocate of the headquarters of GNPC to the region.
  • Empower local firms to play progressively active roles in the oil and gas value chain.
  • Invest in education and skills enhancement of Ghanaians to manage the oil and gas sector.
  • Create jobs in high impact areas such as fabrication and installation, manufacturing of equipment and parts and the construction of oil and gas infrastructure
  • Restructure the Ghana National Petroleum Corporation to improve on its corporate governance and become a national vehicle for maximizing the value of our oil and gas resources.

For the Petroleum Downstream the NPP promises to:

  • Support the growth of local competition by redeeming government obligations to the BDCs
  • Address macroeconomic instability.
  • Expand the Tema Oil Refinery (TOR) and ensure BOST reverts to protecting our strategic petroleum reserves
  • Ensure that crude oil produced in Ghana is refined here to add value to our oil.
  • Build a petrochemical industry as an important growth pillar for the economy.
  • Improve on the quality of fuel produced in Ghana or imported.
  • Facilitate the establishment of an oil refinery in Sekondi-Takoradi.

 Regarding Petroleum Revenue Management the NPP promises to:

  • Review and further amend the Petroleum Revenue Management Act 2011 (Act 815)
  • Allocate revenue from oil to infrastructure, health, education and agriculture between

2017 and 2020.

  • Leverage oil revenue to complete the Accra-Kumasi-Paga rail line connections and the rehabilitation of the Western and Eastern Rail Lines.
  • Manage and use the revenue from the Jubilee, as well as from the TEN and SANKOFA fields, in a responsible and transparent manner.
  • Explore the use of various renewable energy alternatives, e.g. solar, wind, tidal waves and biomass, including biogas, wood gasification and biodiesel.

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NDC’S PROMISES

The National Democratic Congress is currently the substantive government in Ghana and is an offshoot of the Provisional National Defence Council which ruled Ghana following the military coup d’etat which brought it into power in 1981. They have majority seats in parliament and in pursuance on re-election in the 2016 elections their promises concerning the oil and gas issues are as follows:

  • Complete the 150km reverse flow pipeline from the Aboadze power enclave.
  • Implement Phase II of the Gas Processing Plant project.
  • Encourage more investment in exploration and production of oil and gas.
  • Support the private sector to establish petrochemical plants.
  • Construct a new and bigger Liquefied Petroleum Gas (LPG) pipeline to the jetty at

Tema.

  • Construct a second and bigger Single Point Mooring for petroleum products to make Ghana the petroleum hub for the sub-region;
  • Build a Liquefied Natural Gas (LNG) infrastructure.
  • Ramp up production at the Tema Oil Refinery (TOR) to its full capacity.
  • Construct a new 100,000 barrels per stream day refinery at the site of TOR.
  • Encourage BOST and GOIL to implement a door to door LPG delivery system
  • Complete the 2D land seismic survey in the Volta Basin.

They also promised to pursue the following:

  • Accountability and transparency in oil and gas resource governance.
  • Efficiency in exploration and production of oil and gas resources.
  • An enabling environment to attract necessary investment into the industry.
  • Opportunities to progressively increase local participation in mainstream operations of the sector
  • Promote environmental, social and human rights to standard.
  • Improve policy formulation and regulatory capacity of key public institutions in the oil and gas sector.
  • Increase and strengthen local technical skills in Ghana’s emerging oil and gas sector, particularly in critical areas such as drilling, seabed safety, production, operation and maintenance engineering, diving and undersea welding.

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THE PPP’S PROMISES

The Progressive People’s Party is a relatively young party whose formation was spearheaded by business mogul Paa Kwesi Nduom. The formation of this party was to provide an alternative to the Ghanaian electorate from the NDC and The NPP who have dominated Ghanaian politics.

The promises of the PPP with regards to oil and gas are as follows:

  • To provide energy for industrialization and rapid development.
  • Implement solutions with a sense of urgency to meet domestic needs for industry and domestic use.
  • Make Ghana a net exporter of power again in four years.
  • Provide tax incentives to enable alternative sources of fuel and power- bio fuels and solar.
  • Ensure that the contribution from renewable sources of energy reaches in a decade, a minimum of 10% of what we need.
  • Harness our natural resources (particularly oil, gas, bio-gas, wind and solar).
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