Skip to main content

Posts

Showing posts from November, 2015

Expert warns of improper oil, gas planning

Experts in mineral sector have observed that mineral-rich countries required good corporate governance structures to be able to properly convert their natural resource wealth into sustainable economic development.   The Media Capacity Development Officer of the Natural Resource Governance Institute (NRGI), George Lugalambi said recently that natural resources such as oil, gas and minerals, hold great potentials for development, which, when properly managed would help transform economies.    "Transforming oil, gas and mineral wealth into sustainable development requires a complete chain of economic decisions and strong foundation of good governance," he said at the sixth regional media training on oil, gas and mining in Ghanaian capital, Accra.   He said economic decisions on the exploitation of natural resources could make a base for policy making in the future, apparently calling for thorough consideration prior to their implementation.   "You must understand the decisi