ACEP Urge Ghanaians to Monitor The Usage of Oil Revenue


Ghanaians are being urged to show more interest in how revenue from the oil and gas industry is utilised for development purposes.

Over the past five years, oil revenue has contributed more than 75 percent to government’s expenditure. But most people, especially those in the areas where the exploration activities take place say the money is not being utilized properly.

Speaking Thursday during the Voter’s Compass — a segment on Morning Starr on Starr 103.5FM sponsored by Penplusbyte and the United States Embassy in Ghana, Dr. Ishmael Ackah, Head of Policy at the Africa Centre for Energy Policy (ACEP), said it was welcoming for citizens to demand accountability regarding how the monies accrued from the country’s oil and gas industry are being spent.

Oil and Gas, he said have become important aspect of “our economy” but there is an urgent need to ensure that as a nation, “we don’t depend” solely on revenues from the industry.

Efforts, he said must be made to diversify the economy using the oil and gas resources of the country as a catalyst.

“We all have to support,” stated Dr. Ackah.

Source: Ghana/

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