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Ghana
Summary
- Ghana's reports have improved with each iteration. The most recent one clearly defines a materiality threshold and disaggregates revenue data in a way that enables the reader to calculate receipts for individual minerals.
- The report includes both financial data and production data, along with some information on how payments are calculated.
- Ghana's EITI reports are among the few that include subnational payments, such as those made to district-level agencies, as well as how these funds are allocated and eventually spent.
- The 2005 report recommended that the government reevaluate the gold prices used for certain payment calculations. The 2006 report does not follow up on this, nor does it provide information on the new gold price.
- Ghana now has an opportunity to adopt thorough and progressive reporting on its petroleum revenues for subsequent reports. Given the scale of expected oil revenues, it is essential not to miss that opportunity.
Data Year
2004-2008
Publication Year
2010
EITI Status
Compliant
Compliant
Report Compiled by BOAS and Associates
EITI report Download PDF
Source geiti.gov.gh
Government Receipts
$90,333,166.04
Company Payments
$89,983,468.87
GDP, 2008
BILLION US$
source
16.50
Total Government Revenue (% of GDP)
27.73
Reported EI Revenue (% of Total Revenue)
1.97
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.71 | |
| b) total reports / implementing years | 5/7 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 2 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | Yes | The large mining companies responsible for 99% of royalty payments are required to report. |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | Yes | |
| b) government | Yes | The Validation report advises that government data is audited. |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | Yes | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | No | |
| e) state-owned enterprise (SOE) payments | N/A | Ghana had no SOE in 2008. |
| f) Report covers all extractive sector companies. | Yes | Includes all companies required to report per materiality clause (11 of 27 total). |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | No | |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | N/A | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | Yes | Commodity totals are clear thanks to the level of company detail provided. |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | Yes | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | Yes | |
| d) a clear definition of terms | No | Definitions in the report are vague. |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, 2010 | 32.3 | |
| Corruption Perception Index, 2010 | 62/178 | |
| Open Budget Survey, 2010 | 54 | |
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