Turning potential collision into cooperation in Ghana’s oil industry
Abstract
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.
Keywords
Citation
Amponsah-Tawiah, K., Dartey-Baah, K. and Osam, K. (2015), "Turning potential collision into cooperation in Ghana’s oil industry", Society and Business Review, Vol. 10 No. 2, pp. 118-131. https://doi.org/10.1108/SBR-12-2014-0059
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited