Turning potential collision into cooperation in Ghana’s oil industry

Purpose – This paper aims to examine the potential impact of the presence of oil resource on the Ghanaian society. Specifically, the paper investigates the relationship between key stakeholders in the oil sector, how stakeholder interactions create the potential for collision and advances measures a...

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Bibliographic Details
Published in:Society and business review 2015-07, Vol.10 (2), p.118-131
Main Authors: Amponsah-Tawiah, Kwesi, Dartey-Baah, Kwasi, Osam, Kobena
Format: Article
Language:English
Subjects:
Business ethics
Community
Cooperation
Environmental protection
Extractive industries
Income redistribution
Militancy
Mining industry
Multinational corporations
Natural resources
Petroleum industry
Petroleum production
Social responsibility
Strategy
Violence
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Summary:Purpose – This paper aims to examine the potential impact of the presence of oil resource on the Ghanaian society. Specifically, the paper investigates the relationship between key stakeholders in the oil sector, how stakeholder interactions create the potential for collision and advances measures aimed at turning possible collision into cooperation. Design/methodology/approach – The paper uses a literature review-based approach, drawing on existing literature in a number of areas including corporate social responsibility (CSR), oil and gas industry in Ghana and Nigeria as well as communication. Findings – The paper advances that expectations of stakeholders as regards oil being a panacea to all their problems must be managed to avoid possible collision. Additionally, Ghana’s oil industry must identify and engage all stakeholders in planning suitable and sustainable CSR programmes for economic development, thus fostering a friendly environment for oil companies. Transparency and accountability are also needed to promote cooperation rather than collision among stakeholders in Ghana’s oil industry. Originality/value – This paper raises and brings to the fore critical issues that can lead to potential collisions in the oil and gas industry in Ghana if not well-managed, and thus an innovative work in that regard.
ISSN:1746-5680
1746-5699
DOI:10.1108/SBR-12-2014-0059