Press releases - Germany - Ghana - Raw Materials
SAP, GTZ and Government Working Together to Help Ensure Fair Rewards from Oil and Mineral Wealth
AP AG (NYSE:SAP) and the Deutsche Gesellschaft fur Technische Zusammenarbeit (GTZ) GmbH, acting on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), have announced a development partnership to support Ghana in meeting the global standard for transparency in the oil and mining industries as set by the Extractive Industries Transparency Initiative (EITI). SAP is donating an enterprise performance management (EPM) solution from its SAP® BusinessObjects(TM) portfolio, which the Ghanaian Ministry of Finance will use to monitor and analyze payments and revenue flows from its hard minerals industry as well as 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.

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