Spyghana: GIGS Objects Petroleum Law

The Ghana Institute of Governance and Security (GIGS) HAS raised serious concerns and objections to the Petroleum Exploration and Production Bill in its current form, stressing that passing this Bill in this current form to regulate the Upstream Oil Industry in Ghana will have dire consequences on governance and security.

According to GIGS it that occur it will lead to insecurity and instability which is already showing its ugly head, and that Fiscal Provisions in the Bill will never ever make Ghana derive the full maximum benefits from the Oil and Gas Resources.

GIGS indicated that passing the Bill into law by our representatives in Parliament, would amount to a death sentence on the economic destiny of Ghanaians, reducing the present as well as the future generations into eternal and perpetual modern day economic slavery.
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