Corporate Social Responsibility and Sustainable Performance of the Downstream Petroleum Sector in Ghana

Abstract

ABSTRACT Once transnational oil companies take over concessions of land or sea for their business, they are usually expected to provide certain socio-economic mechanisms aimed at cushioning the affected people and communities. The purpose of the study is to examine the impact of corporate social responsibility activities of Ghana’s downstream oil companies on sustainable performance. The study employed the explanatory research design. The Krejcie and Morgan, (1971) sampling table was used to select 97 companies. A structure questionnaire was developed and administered. The data was analysed quantitatively using SPSS version 22. The study found that that the downstream oil companies mainly practiced the Philanthropic CSR with Ethical, legal and Economic dimensions of CSR less practiced. The study further disclosed a positive effect of all the dimensions of CSR and sustainable performance. The study concludes and recommend among other things that CSR programme should emphasize on three foci: the vision of the organisation, the community’s needs, and aspirations.