Tag: petroleum revenue management

PIAC warned that bypassing the PHF undermines the principles of the PRMA...

The government decided to allocate 100% of ABFA revenues to infrastructure projects. Previously, the Petroleum Revenue Management Act (PRMA) required that 70% of ABFA funds

The measures, when implemented in the 2025 fiscal year and beyond, are expected to help stabilize Ghana’s economy and optimize resource allocation

Ghana's discovery of oil reserves in 2007 marked a significant turning point in the country's economic trajectory. However, nearly two decades later, concerns persist about how these valuable resources are ...

The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and efficient use of the country’s petroleum revenues, has suggested that the Ghana National ...

The Finance Minister, Ken Ofori-Atta, has predicted an increase of about 2.8 percent in the fiscal deficit due to the impact of the coronavirus pandemic on the local economy. The ...