Crude oil production and macroeconomic performance in Ghana

Tunyo, Delali Aku; Armah, Mark Kojo; Cantah, William Godfred; Suleman, Shafic

doi:10.1111/opec.12218

Cited by 2 publications

(2 citation statements)

References 40 publications

(44 reference statements)

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Section: Discussionmentioning

confidence: 99%

“…The PC established performance targets to hold IOCs accountable for LC policy implementation. Indigenous participation is one metric for local content (Suleman and Zaato, 2021;Tunyo et al, 2021). Invocations of participation as de jure institutional legitimacy were widespread in O&G contracts, but actual practice followed normative (de facto) institutionalism rather than what the LC policy law architects perceived.…”

Section: Accountability Mechanisms and Lc Policy Implementationmentioning

confidence: 99%

See 1 more Smart Citation

A difficult journey from enactment to implementation of local content policy: instigating factors and accountability mechanisms for achieving sustainable development

Tetteh

Agyenim‐Boateng

Simpson

2023

JAAR

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PurposeThe study examines the instigating factors behind the development of the local content (LC) policy in Ghana and it further investigates the accountability mechanisms that drive the LC policy implementation to promote sustainable development.Design/methodology/approachThe study reports on a series of interviews with key actors using Institutional Theory and the application of Bovens’ (2010) Global Accountability Framework as a lens for discussion and interpretation of results.FindingsThe results reveal that two forces instigated LC policy enactment. One is external funding pressure from the Norwegian government and the World Bank. The other is the government’s engagement of Civil Society Organisations and other internal stakeholders to justify its activities and missions to signal adherence to impartiality, neutrality, and, to a lesser extent, solidarity. The analysis also reveals tensions in how accountability legitimacy relates to implementation of the LC policy. The study further discovers that while participation, transparency, monitoring, and evaluation are frequently invoked as de jure institutional legitimacy in oil and gas contracts, actual practices follow normative (de facto) institutionalism rather than what the LC policy law provides.Research limitations/implicationsThe interview had a relatively small number of participants, which can be argued to affect the study’s validity. Nevertheless, given the data saturation effect and the breadth of the data obtained from the respondents, this study represents a significant advancement in LC policy enactment knowledge, implementation mechanisms and enforcement in an emerging O&G industry.Practical implicationsThe findings of this study suggest that future policy development in emerging economies should involve detailed consultations to increase decision-maker knowledge, process transparency and expectations. This will improve implementation and reduce stakeholder tension, conflict and mistrust.Originality/valueThe findings of this study build on earlier investigations into legitimacy, accountability and impression management in and outside the O&G sector. Also, the findings reveal the legitimising tactics used by O&G actors to promote local content sustainable development targets.

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Section: Discussionmentioning

confidence: 99%

Section: Accountability Mechanisms and Lc Policy Implementationmentioning

confidence: 99%