SAP has teamed with GTZ1, acting on behalf of the German Federal Ministry for Economic Cooperation and Development, to help the government of Ghana meet global standard for transparency in the oil and mining industries as set by the Extractive Industries Transparency Initiative (EITI). SAP is to donate an enterprise performance management (EPM) solution from its SAP BusinessObjects portfolio which the Ghanaian Ministry of Finance will use to monitor and analyze payments and revenue flows from future oil and gas production. The solution will enable Ghana to efficiently quantify revenue flows to government and other stakeholders, identifying reasons for any shortfalls or overshoots.
Deputy Minister of Finance, Seth Terkper said, ‘EITI is a useful tool in improving accountability and transparency. The addition of an IT system to the EITI process will be a significant addition to the process in Ghana and will tie in our public financial management reforms and the existing Ghanaian integrated financial management information system.
SAP’s contribution includes BusinessObjects Financial Consolidation application and business intelligence solutions. Jim Hagemann Snabe, SAP co-CEO said, ‘We’re pleased to bring our software and business process expertise to help Ghana meet the global standard for transparency in the oil and mining industries.’ More from www.sap.com and www.eiti.org.
1 Deutsche Gesellschaft für Technische Zusammenarbeit, a federally owned organization ‘working in the field of international cooperation for sustainable development.’
This article originally appeared in Oil IT Journal 2010 Issue # 7.
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