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Good Financial Governance

New curriculum for peer-learning workshops on Good Financial Governance in the extractive sector

Group picture of the workshop participants at the GFG training in Ghana

17.08.2017 |

The sector programme Extractives for Development, in cooperation with the Regional Resource Governance Project West Africa in Sierra Leone and Liberia and the Good Financial Governance Programme in Ghana, piloted a new curriculum for peer-learning workshops on ‘Good Financial Governance (GFG) in the Extractives Sector’. The curriculum had been developed in a joint effort by the sector programmes Extractives for Development and Good Financial Governance, the sector network Good Governance Africa and adelphi research GmbH.

The first workshop took place in Freetown, Sierra Leone, in mid-July for public officials from Liberia and Sierra Leone. The training course combined introductory elements on the Good Financial Governance (GFG) concept with practical, interactive training exercises and opportunities for the 25 participants to reflect their work in managing the extractive sector of their countries. Each training day as well as the overall course ended with an evaluation of how the participants can apply the content and the GFG concept to their work context and the overall situation in Liberia and Sierra Leone.

Herbert M’cleod, currently Country Director for IGC Sierra Leone and IGC Liberia and long-term lead negotiator for the Government of Sierra Leone, provided input for the units on contract negotiation and the legal framework. The course provided the opportunity to get a first-hand impression of operations of the Shandong Iron and Steel Group through a site visit to its iron ore shipping terminal in Pepel, and gave the public officials the chance to have a discussion with company staff of all levels, including the site manager.

The second workshop took place in Ghana’s oil and gas hub Takoradi, in mid-August in cooperation with GIZ’s Good Financial Governance programme in Ghana. 23 officials from the Ministry of Finance, the Ghana National Petroleum Corporation, the Petroleum Commission and the Ghana Revenue Authority were given an extensive training on the principles of good financial governance in the extractive sector with a focus on the upstream petroleum industry. The workshop created a unique space for government officers in charge of managing and regulating the sector to discuss corporate practices and perspectives in the oil and gas industry. Furthermore, participants developed a road map for their government to strengthen its capacities for good financial governance in the petroleum sector. Following introductory remarks by Henri Pierre Gebauer, team leader of the Good Financial Governance programme in Ghana, Linda Tamakloe, member of Ghana Extractive Industries Transparency Initiative’s (GhEITI) multi-stakeholder group, briefed the participants on the current state of beneficial ownership requirement implementation.

The highlight of the training was the contract negotiations simulation, which demonstrated the complexity of the process and gave participants an overview of international best practice in the negotiation of petroleum agreements. The participants also discussed strategies to strengthen inter-institutional collaboration e.g. between revenue and petroleum authorities based on a capacity needs assessment for the Ministry of Finance and the Ghana Revenue Authority which Extractives and Development contributed to earlier this year.

For more information, please contact Tim Schlösser and Anna Kravtsenko.

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