The Extractive Industries Transparency Initiative (EITI) is an international initiative among governments, companies, and civil society groups to promote transparency in the flow of revenues from extractive companies to host country governments based on a set of criteria for transparent reporting on the revenue streams and other benefits.
The purpose of the initiative is to encourage greater transparency in the extractive sector. This would enable citizens to make informed demands for the fair and sustainable use of revenues generated through the exploitation of natural resources.
The EITI requires implementing countries to prepare and publish an annual report disclosing company payments and government revenues from the extractive sector.
The Ghana Extractive Industries Transparency Initiative (GHEITI) engaged Messrs Boas & Associates to reconcile the payments made by Mining Companies and receipts by the government of Ghana for 2017 and 2018