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MoF charged to release 80 percent of oil revenue to MDAs

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Stakeholders have called on the Ministry of Finance (MoF) to release at least 80 per cent of allocations from the Annual Budget Funding...

CSOs Advocate for Accurate Health Budget

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Some Civil Society Organisations (CSOs) in the north have called on the government to ensure that budgetary allocations to the health sector are realistic...
farmers

Petroleum fund investment benefits Ghanaian peasant farmers – report

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As Ghana intends to reinvest its earnings from petroleum exports into other parts of the economy a report issued here late Tuesday revealed that...
petroleum revenue

ACEP Charges MoF To Account For The Unutilized GH¢400.9 Million Oil Revenue

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The Energy Policy Think Tank, Africa Centre for Energy Policy (ACEP), has charged the ministry of finance to account for the GH¢400.9m oil revenue...
petroleum revenue

Ghana government has not compromised accountability in petroleum revenue expenditure

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Government of Ghana has been transparent and accountable in its expenditure from petroleum revenue, a senior public official insisted here on Friday. On Thursday, energy...
crude oil

Ghana Makes US$4.1 billion from crude oil

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Ghana has since the commencement of commercial oil production in 2010, bagged a total US$4.1 billion as its entitlement including royalties and other revenue...
petroleum revenue

Ghana government says to use targeted spending of petroleum revenue

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Government of Ghana will prioritized its spending of petroleum revenue going forward to ensure maximized benefit to citizens, a senior policy advisor told Xinhua...
budget

Annual Budget Funding Amount is Woefully Inadequate

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The Kumasi Institute of Technology, Energy and Environment (KITE), says the impact of the Annual Budget Funding Amount (ABFA) has been ineffective. Mr. Ishmael Edjekumhene,...
Professor John Gatsi

Using ABFA to Fund Free SHS Must Be Inclusive – Gatsi

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A senior Lecturer and Head, Department of Finance at the School of Business, Economist Dr. John Gatsi of the University of Cape Coast told...
oil

Ghana’s oil revenue spent thinly on too many projects

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A research report by SEND-Ghana, a sub-region charity, received by Xinhua revealed that the ABFA, which are disbursements into the consolidated fund in support...
railway

Government urged to use oil money to develop Ghana’s railway sector

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Speaking at the 9th and 10th Public Meeting of the Public Interest and Accountability Committee (PIAC) on the management of oil revenues in Bolgatanga...
petroleum

Petroleum Revenue Management PIAC 2015 report launched

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Speaking at the launch of the PIAC Annual Report on Management of Petroleum Revenues for 2015, Professor Paul Kingsley Buah-Bassuah, the Chairman of the...

Misappropriation Of Ghana’s Oil Revenue

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Seventy per cent (70%) of the Petroleum Holding Fund is used to support the country’s budget to fund projects in four key areas. However, the...
Photo taken on Nov. 26, 2015 shows a truck loaded with sacks of agricultural produce along the muddy Sironko-Mbale road at Bugusege trading centre, eastern Uganda. As a country where over 80% of the population relies on agriculture, the Uganda government is prioritizing growth of infrastructure to economically viable areas to ease access to the markets. (Xinhua/Daniel Edyegu)

Cut in Ghana’s 2016 budget for agriculture worrying – Economist

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Dr. Kojo Tutu, lecturer at the Department of Agriculture, University of Ghana said here during the 2016 post budget analysis organized by the Ministry...
George Blankson, Commissioner General of the Ghana Revenue Authority

PIAC urges action against Oranto/Stone Energy over tax evasion

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The Public Interest and Accountability Committee (PIAC) has called for action against the Oranto/Stone Energy for failing to pay the outstanding surface rental invoice...
oil rig

Use Ghana Oil Money To Expand Industries – Expert

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By Francis Tandoh An energy expert Tuesday urged West African country, Ghana to use oil revenue to develop other industries to ensure sustainable livelihood in...

Ghana must invest part of petroleum revenue in domestic economy – expert

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A financial expert has suggested that Ghana invest a percentage of the money it earns from oil and gas in key sectors of the...
Roads

GH?372, 07m Annual Budget Funding Amount Spent On Roads

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An amount of GH? 372, 07 million out of GH? 543.78 million of the Annual Budget Funding Amount (ABFA) representing 68.42 per cent was...
crude oil tanker

ACEP asks government to publish projects funded with oil money

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By Roger A. Agana The African Center for Energy Policy (ACEP) has called on the Ghanaian government to publish all projects funded with oil money...