SUSTAINABLE MANAGEMENT PRACTICES AND OPERATIONAL PERFORMANCE IN THE GHANAIAN OIL AND GAS INDUSTRY

Author:
Yamima Dauda, Augustine Osei Boakye, Timothy Adzati

Doi: 10.26480/egnes.02.2024.100.104

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Sustainability has long been a focal point in the oil and gas industry, with significant discussions addressing its importance in mitigating the environmental impacts of these sectors. This study investigates the relationship between sustainability practices and operational performance within the oil and gas industry of Ghana. Using a cross-sectional design and a simple random sampling technique, the study targeted a population of 569 participants, of which 168 usable questionnaires were returned. The study findings reveal that sustainable management practices significantly and positively predicted operational performance of firms in the oil and gas industry. It was further revealed that economic and environmental sustainability were highly embraced while social sustainability was poorly practiced. The study recommends future studies should focus on finding more efficient and sustainable management approaches to improve social sustainability practices, thereby enhancing operational performance in the oil and gas sector.

Pages 100-104
Year 2024
Issue 2
Volume 3