Transparency and Accountability in the Management of Oil Revenues in Ghana
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 petr...
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2016-01-01
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| Series: | Africa Spectrum |
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| Online Access: | https://journals.sub.uni-hamburg.de/giga/afsp/article/view/977 |
| _version_ | 1828482660559749120 |
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| author | Ransford Edward Van Gyampo |
| author_facet | Ransford Edward Van Gyampo |
| author_sort | Ransford Edward Van Gyampo |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-11T08:20:22Z |
| format | Article |
| id | doaj.art-d1b1cd28d6b34dff855f10939f92ee28 |
| institution | Directory Open Access Journal |
| issn | 1868-6869 |
| language | English |
| last_indexed | 2024-12-11T08:20:22Z |
| publishDate | 2016-01-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | Africa Spectrum |
| spelling | doaj.art-d1b1cd28d6b34dff855f10939f92ee282022-12-22T01:14:41ZengSAGE PublishingAfrica Spectrum1868-68692016-01-01512Transparency and Accountability in the Management of Oil Revenues in GhanaRansford Edward Van GyampoThis 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.https://journals.sub.uni-hamburg.de/giga/afsp/article/view/977political sciencepetroleum, public revenue, assets/income distribution policy, good governance320, 324, 330, 333, 336Ghanapresent |
| spellingShingle | Ransford Edward Van Gyampo Transparency and Accountability in the Management of Oil Revenues in Ghana Africa Spectrum political science petroleum, public revenue, assets/income distribution policy, good governance 320, 324, 330, 333, 336 Ghana present |
| title | Transparency and Accountability in the Management of Oil Revenues in Ghana |
| title_full | Transparency and Accountability in the Management of Oil Revenues in Ghana |
| title_fullStr | Transparency and Accountability in the Management of Oil Revenues in Ghana |
| title_full_unstemmed | Transparency and Accountability in the Management of Oil Revenues in Ghana |
| title_short | Transparency and Accountability in the Management of Oil Revenues in Ghana |
| title_sort | transparency and accountability in the management of oil revenues in ghana |
| topic | political science petroleum, public revenue, assets/income distribution policy, good governance 320, 324, 330, 333, 336 Ghana present |
| url | https://journals.sub.uni-hamburg.de/giga/afsp/article/view/977 |
| work_keys_str_mv | AT ransfordedwardvangyampo transparencyandaccountabilityinthemanagementofoilrevenuesinghana |