Photo Credit: Open Contracting Partnership and the Natural Resource Governance Institute By Peter Glover, an Assistant Program Officer with CIPE’s Anti-Corruption and Governance Center The Open Contracting Partnership and the Natural Resource Governance Institute jointly released a report called “Open Contracting for Oil, Gas, and Mineral Rights: Shining a Light on Good Practice.” The report… Read More
Corruption costs a lot of money for citizens around the globe. The World Economic Forum and the World Bank estimates that corruption reduces global GDP by 5% ($2.6 trillion) per year with over $1 trillion paid in bribes. For businesses, corruption makes up 10% of the total cost of doing business and up to 25% of… Read More
In four out of six petroleum agreements recently approved by Ghana’s Parliament, the government required oil and gas producers to certify compliance with the Foreign Corrupt Practices Act (FCPA), UK Bribery Act, and OECD Anti-Bribery Convention. At an event in June sponsored by the Ghana government, the FCPA was referred to as model legislation for… Read More