Tag: Stabilisation fund
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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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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.…
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ACEP urges upward review of allocation to stabilisation fund
The Africa Center for Energy Policy (ACEP) wants the government to revise the hundred million dollars allocation to the stabilization fund. ACEP argues that the allocation is inadequate and must be reviewed upwards. The fund which was capped at a hundred million dollars by the erstwhile government was however not captured in the 2017 budget.…