Tag: Heritage fund
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Anamua Sakyi writes: To spend the Ghana Heritage Fund now, or not to; multiple thoughts
In politics, academia and social circles, the debate on the utilization of the Ghana Heritage Fund (GHF) now have taking center stage over the past few years. The debate is often stoked by governments’ decision to amend the law to allow for the usage of the fund, other than what was originally intended. It first…
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Finance Minister to present policy statement on COVID-19 fight in parliament
The Finance Minister will on Wednesday, April 8, present a policy statement in Parliament on government’s measures to curtail the spread of the novel coronavirus pandemic as the House resumes sitting. This was announced by the Speaker of Parliament, Prof. Aaron Mike Oquaye, in a statement. The Speaker also recalled MPs after the suspension of…
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More CSOs pile pressure on gov’t to stay away from Heritage Fund
Civil Society Organizations (CSOs); Friends of the Nation, Center for Public Interest Law, and Natural Resource Governance Institute, are asking government not to use funds from the Heritage Fund to finance the fight against the COVID-19 pandemic in Ghana. This comes after the Finance Minister, Ken Ofori-Atta, made a request to Parliament on 30th March,…
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Don’t touch Heritage Fund; you’ll burden future generations – IES cautions gov’t
The Institute for Energy Security, IES, says attempts by government to fall on the Ghana Heritage Fund to fight the spread of the Coronavirus pandemic cannot be justified. The Institute says the utilization of Fund deliberately set aside for future use, will leave future generations with a burden too huge to carry. The Finance Minister,…
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Gov’t requests to use part of Heritage Fund for COVID-19 fight
The Finance Minister, Ken Ofori-Atta, is calling for the amendment of the Petroleum Revenue Management Act (PRMA) to allow government to utilize portions of the Ghana Heritage Fund to deal with the Coronavirus pandemic. The Heritage Fund is a creation of section 10 of the Petroleum Revenue Management Act 815 enacted in 2011. The purpose…
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PIAC criticizes Finance Minister for breaching petroleum laws
The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori Atta has breached Section 29 of the Petroleum Revenue Management Act, hence must work to resolve the situation.…