The Africa Pro-gramme Officer of the Natural Resource Gov-ernance Institute (NRGI), Denis Gyeyir, has referred to as for extra stakeholder engagement at the Energy Transition Plan (ETP).
That, he mentioned, would be certain that the buy-in and acceptance of all stakeholders of the ETP.
Mr Gyeyir made the decision on the 2023 Budget – Civil Society Organisations (CSOs) Budget Forum and Post-Budget Analysis organised by way of the NRGI in Accra closing Thursday.
The assembly supplied alternative for the CSOs to dis-cuss the 2023 funds commentary and financial coverage and proffer ideas for its implementa-tion.
Mr Gyeyir additionally prompt govern-ment and the Ministry of Energy to interact CSOs at the ultimate draft power transition plan for the inputs and feedback.
“We noted in the budget that Ministry of Energy had finalised the Energy Transition Framework which is to provide the path to achieving net zero emission by 2070, therefore it was import-ant for more engagements for sustainable utilisation of Ghana’s natural resources,” he suggested.
He mentioned CSO inputs and com-ments can be an important to return out with a report that will meet the wishes and aspirations of the rustic.
Ghana is creating an Energy Transition Plan as a part of measures to diversify from hydrocarbons as a way to struggle local weather trade.
Mr Gyeyir referred to as on govern-ment to imagine moving Jubilee Oil Holdings Limited (JOHL) stocks to Ghana National Petroleum Corporation (GNPC) and make sure proceeds of liftings pass into the Petroleum Holding Fund (PHF).
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He lamented that executive was once nonetheless now not prioritising sufficient on the subject of allocation of Annual Budget Funding Amount (ABFA) price range, making it tough to un-dertake legacy initiatives.
“We proposed this but was conspicuously missing in the revenue measures proposed by the government, if this is done revenue stream would not be lost to some offshore company whose beneficial owners are unknown,” he mentioned.
The Programme Officer mentioned spreading petroleum revenues thinly on such a lot of initiatives was once now not serving to the rustic and making sure price for cash for monetary assets from the coun-try’s hydrocarbons.
“Looking on the 4 prior-ity spaces for executive thus,
agriculture, bodily infrastructure and repair supply in training and well being, roads, rails, different essential infrastructure and indus-trialisation, most have an effect on for voters must be ensured to understand the total advantages of the manufacturing of oil and gasoline in Gha-na,” he mentioned.
Author: Ghanaian Times
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