That was the Deputy Executive Director of the Africa Centre for Energy Policy (ACEP) is calling on the President to as a matter of urgency assent to the Petroleum Exploration and Production ( E&P Law).
Ben Boakye is worried that almost three weeks after the passage of the E&P Law the President has yet to give his assent to it.
The law which replaces the 1986 PNDC Law 84 seeks to promote mandatory competitive tender and disclosure of the identities of oil investors among others – in line with international best practice.
Mr. Boakye believes an urgent assent to the law is crucial for the development of the industry.
“It would delight all of us to that the President will see the urgency in assenting to sign the Bill. If it were the budget he would have flown from wherever to come and sign it. This is a law that would regulate the oil and gas industry to ensure that subsequent contracts are better governed,” he said.
Sign up for Ghana Star News to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.
