Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.
This briefing sheds light on various options that could be considered by the Ghanaian government in funding “Free Senior High School” with petroleum revenues, with a particular emphasis on how funding for the program can be rendered sustainable going forward.
The oil, gas, and mining sectors of many countries often seem to be surrounded by secrecy and suspicions of vast wealth gone missing through a combination of bad deals with foreign companies, poor management, and corruption.
The transfer price is the price of a transaction between two entities that are part of the same group of companies. For example, a South Africa-based company might sell mining equipment and machinery to its Ghana-based subsidiary.