The Petroleum Commission is a

Ghanaian Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in Ghana–Ivory Coast border, the west, Burkina ...

state agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government The machinery of government (sometimes abbreviated as MoG) is the interconnected structures and proc ...

under the

Ministry of Energy and Petroleum The Ministry of Energy and Petroleum (Abbreviation: MoEP) is the government ministry in charge of extending and ensuring a continuous supply of energy services to every division of the Ghanaian economy in an energy sufficient, environmentally ...

responsible for the regulation, management and coordination of all activities in the upstream petroleum industry for the benefit and welfare of Ghanaians. The commission was established in 2011 as an independent regulator in the petroleum sector of Ghana.

History

The commission was established in 2011 by an Act of Parliament (Act 821) in consequence of hydrocarbons discovered in commercial quantities. The purpose of the act was for the regulation and management of the utilization of petroleum resources and also to coordinate the policies in the upstream petroleum sector.

Functions

The commission is responsible for monitoring, supervising, inspecting and auditing all petroleum activities in

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...

. The commission is also responsible for registering and receiving registration fees of all industry players of the upstream oil and gas sector of Ghana. The commission also recommends national policies connected to petroleum activities to the Minister of Energy. The commission receives applications and issues licenses for specific business operations in the petroleum field as stated by the petroleum laws and regulations. The commission is also tasked with the promotion of local content and Ghanaian participation in the petroleum industry as stated by the Petroleum Exploration and Production Law of 1984 (PNDCL 84), and other laws and regulations for national development.

References

{{Reflist Government agencies established in 2011 2011 establishments in Ghana

History

Functions

See also

References