A delegation from the Upper House of Parliament in the Republic of Namibia recently visited Ghana’s Public Interest and Accountability Committee (PIAC) to gain insights into petroleum revenue management and its effective utilization for the benefit of their citizens. Led by Mr. Elder Filipe, Vice-Chairman of the Namibian Parliamentary Committee on Agriculture, Environment, and Natural Resources, the delegation’s visit was in line with Rule 159 of the National Council Standing Rules and Orders, which mandates them to address various sectors, including energy and natural resources.
Namibia, having discovered hydrocarbons, recognizes the significance of optimizing these resources for the welfare of its people. Seeking to learn from countries with experience in petroleum revenue management, the delegation aims to establish a committee similar to PIAC to ensure efficient and transparent utilization of petroleum revenues, thereby avoiding the resource curse.
Mr. Filipe commended Ghana’s progressive approach to petroleum revenue management, which includes the promulgation of laws and the establishment of relevant institutions to govern the sector’s operations. Ghana’s successful model provides valuable lessons for Namibia’s aspirations in the petroleum industry.
Professor Kwame Adom-Frimpong, Chairman of PIAC, emphasized the importance of securing funding for the Accountability Committee to enable smooth and effective operation. He urged the Namibian Parliamentarians to show genuine commitment towards the establishment of their committee and the implementation of its recommendations. The Ghanaian Committee expressed its willingness to provide technical support to their Namibian counterparts in promoting transparency and accountability in managing natural resources.
