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Welcome Address by Franklin Ashiadey National Coordinator, GHEITI

Mr. Chairman, the EITI is a governance tool that seeks to promote the principles of transparency and accountability in the payment and receipts of financial resources from the extractive sector. This is achieved by the regular publication, reconciliation and audit of all material benefits received by government from individual extractive companies in the sector.

So in line with EITI principles all EITI implementing countries are to regularly publish reports on extractive sector receipts and payments. Accordingly, the Ministry of Finance and Economic Planning and the Ghana EITI National Steering Committee through a competitive bidding process appointed an Independent Aggregator, Boas and Associates to collect, review and analyze data from the country’s operating mines and revenues to government from the mining companies to ensure that there was transparency in payments made by the mining companies and that payments were made appropriately and on time.