MAPPING GHANA’S OIL AND GAS REVENUE TO EXPENDITURE: THE CASE OF THE HERITAGE FUND

Abstract
This paper examines the allocation of Ghana’s oil and gas revenue as per the provisions of the Petroleum Revenue Management Act (PRMA) 2011 by paying particular attention to the performance of the Ghana Heritage Fund(GHF). Using descriptive analyses, the author reveals a non-compliance with provisions made in the PRMA on revenue allocations into the Ghana Petroleum Fund and that the interest yield on the investment of the GHF is highly insignificant.
Among the recommendations include investing the GHF with institutions that would guarantee high investment incomes or by re-negotiating the terms of investment.

Keywords: Investment Income, Petroleum Holding Fund, Ghana Stabilization Fund, Ghana Heritage Fund, Annual Budgetary Funding Amount.

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Mapping Ghana’s Oil Revenue(1)