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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Transparency and accountability in the management of oil revenues in Ghana
Author:Van Gyampo, Ransford EdwardISNI
Year:2016
Periodical:Africa Spectrum (ISSN 0002-0397)
Volume:51
Issue:2
Pages:79-91
Language:English
Geographic term:Ghana
Subjects:petroleum
public revenue
External link:https://journals.sub.uni-hamburg.de/giga/afsp/article/view/977/984
Abstract:This paper undertakes a five-year review of the management of oil revenues in Ghana since the commencement of oil production in 2010. Using reports from the Petroleum Transparency and Accountability Index, official records from key state agencies, and interviews with core individuals within the petroleum sector, the paper assesses the quality of transparency and accountability in the management of Ghana's oil revenue. It argues that even though some progress has been made in the transparent and accountable use of oil revenues, more can be achieved if certain critical bills are passed and proactive interventions pursued without further delay on the part of government and policymakers within Ghana's petroleum sector. These would help prevent both potential social conflict that may result from a lack of information on how oil revenues are utilised and the corrupt use of oil funds by politicians and people in authority within the oil industry. Bibliogr., notes, ref., sum. in English and German. [Journal abstract]
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