GTUC has participated in an Oil and Gas forum on the theme” Ghana’s Economy, Four Years after Oil Production”. The event which took place at the Best Western Premier Hotel, Airport,was organised by Television Network Operator, TV3 Network Limited.
Participants from GTUC included staff, faculty, current and past students in oil and gas programmes.
The programme which took the form of a panel debate attracted, Petroleum Policy Analysts, Legal Policy think tanks and Civil Society groups who were adept with the success stories and current challenges facing the Oil and Gas Industry. Some members of Parliament and key representatives of political parties were also present to contribute to the debate.
Areas discussed included prospects for Ghana, oil revenue accrued, Ghana’s oil and gas legal framework and how the framework is able to protect investment.
The programme presented an enriching experience as students used the opportunity to interact with oil and gas experts and other stakeholders in the industry. The programme also enhanced students understanding of the subject, the extent of the oil find and the need to leverage the moderate revenues made in order to have impact on other sectors of the economy.
Key challenges identified included non disclosure of beneficiary owners of oil blocks, procedures for obtaining license and lack of open and competitive bidding. Participants called for information on these to reduce suspicion and to help ascertain the technical and financial capacity of companies before the award of contracts. Speaking in an interview, Mr. Christopher Mensah, a graduate of the MSc Oil and Gas class expressed his appreciation to GTUC for giving them the opportunity. He added that, the event has helped them to identify probable research topics and also shaped their career intents in the oil and gas industry.