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Article

11 Jun 2010

Author:
Ghana Business News

Ghana gets technology for monitoring mining and oil revenue

The Ministry of Finance is getting software that will be used to monitor and analyze payments and revenue flows from the country’s mining as well as from future oil and gas production... The product is a donation from SAP... The donation came through a partnership between SAP and GTZ, the German government overseas technical assistance unit... According to a press release from SAP, the partnership is meant to support Ghana in meeting the global standard for transparency in the oil and mining industries as set by the Extractive Industries Transparency Initiative (EITI)... [The] deputy Minister of Finance and Economic Planning Seth Terkpeh said, “...Successfully introducing an IT system to the EITI process will be a very significant addition to the process in Ghana.”