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MENSAH MILLICENT

QUESTION 1

1. Ten (10) roles common to the work of all managers are

i. Planning
ii. Decision-Making
iii. Organising
iv. Leading
v. Forecasting
vi. Negotiating
vii. Motivating
viii. Directing
ix. Training and Development
x. Reporting

i. Planning
Every manager plays the role of planning series of activities needed to
achieve the goal of its organisation. Using the swot analysis, he/she
plans and set specific goals and targets for his/her subordinates with
the vision and mission of the organisation in mind. The provides a road
map for the implementation of all activities done by the organisation.
ii. Decision- Making
Every manager is responsible for making key decisions in its
organisation, department or units. He makes decisions as to the type of
resources, processes and procedures to be used to achieve the
objectives of his/her organisation. He /she also makes decisions as to
how resources should be allocated and judiciously used.
iii. Organising
Organising involves putting the right things in place at the right time
with the right processes. To ensure that the office functions effectively
and efficiently for smooth operations, The manager ensure that the
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right things are done at the right time with the right resources to
achieve optimal results.

iv. Leading

The manager’s role also involves leading the staff of its organisation or unit to
achieve its objectives. This he does by providing clear purpose or direction for
the staff to follow. He also provides support systems, identify talents and
potentials and harness these talents towards the attainment of organisational
goals.

v. Forecasting

This involves looking into the future to know the prospects and likely threats
so actions can be taken to mitigate the threats and take advantage of the
opportunities. Since it is the goal of every organisation to exist in the
unforeseeable future, it is the role of the manager to forecast and know future
threats and opportunities so the organisation can make decisions to take
advantage or the opportunities and prevent or reduce the impact of threats.

vi. Negotiating

Every manager plays the role of negotiating for resources for his or her
organisation. Since the world is faced with scarcity of resources and the
decision to make the most out of the scarce resources, it is the role of
mangers to negotiate for the right resources in the right quantity at a
competitive price.

vii. Motivating

It is the role of all managers to ensure that, employees are motivated to give
their best to the organisation. He is required to identify the motivational factor
of the various employees and provides them with it so employees can be
motivated to work to attain organisational goals.

viii. Directing
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Managers provide direction to other employees of an organisation. They

ensure that, clear targets are set and the vision and mission of the
organisation are well interpreted to all employees to provide the guidance
needed to achieve organisational goals.

ix. Training and Development

It is the role of every manager to ensure that, employees are giving training
from time to time to update their skills and also equip them with new skills that
is needed for the smooth running of the organisation. He also ensures that,
efforts are made towards employees’ development so that their skills do not
get obsolete with time.

x. Reporting

It is the role of every manager to provide information to stakeholders

periodically about its activities to enable stakeholders to take decisions.
Where there is the need to report to the public, he ensures this is
appropriately done.

QUESTION 3

The mandate of PIAC is to ensure that, petroleum revenues are judiciously used. I
am therefore for the decision to extend other sectors of the economy because of the
following reasons;

Accountability

Since its inception in 2011, PIAC has ensured that, petroleum revenues have
probably been accounted for. By extending its mandate to other sectors of the
economy, will improve accountability in the other sectors of the economy to the
public and ensure that, the public purse is protected.

Public Trust

When there is accountability, there is always trust and extending the mandate to
other sectors of the economy will improve public confidence in the operations of the
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other sectors. This will help win their support for the other sectors and help boast
their operations.

Provision of Information

The release of annual and semi-annual reports by the PIAC about petroleum
revenues provides information to not only the public but organisations and
international bodies for their decision-making and other relevant activities. If their
mandate is extended to other parts of the economy, and reports are provided on the
operations to the public. It will help equip us with information as to the operations of
the other sectors.

Performance of the Committee

Since its inception the committee has been able to live up to its mandate and
provided the public with the information needed and also ensure accountability of
Petroleum revenues. They have also undertaken a lot of research to identify how
petroleum revenues can be put to good used. I therefore believe that, their mandate
should be extended so they can assist the other sectors in this regard.

QUESTION 2

Among the prospects of the Ghana mainstream petroleum sector are,

1. Provision of reliable source of petroleum to the public

The Ghana petroleum sector has been able to provide reliable source of petroleum
for the needs of Ghanaian. There are few incidents where there had been shortages.
Even amidst the covid 19 pandemic where there were shortages in countries like
Nigeria, the Ghana Petroleum Sector was still able to meet the needs of Ghanaians.

2. Provision of Revenue to the Government

As one of the highly patronized services in Ghana, the Ghana Petroleum sector
provides revenue to the government to undertake important projects. Proceed
generated from its exports also helps increase government revenue.
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3. Future investments

The quantity of petroleum products produced in Ghana is not enough to meet the
demands. The sector can therefore invest in it in future to be able to produce
enough.

The Challenges are

1. Reliance on imports

The Ghana petroleum sector is not able to produce enough to meet the needs of all
Ghanaians. There is therefore heavy reliance on import of petroleum products.

2. Lack of control of pricing of petroleum products

The price of petroleum products is determined by the world market. The sector
therefore does not have control over the pricing of its products and this affects its
operations.

3.