Ghana: Govt Gives Expression to Oil Revenue Law

19 September 2011

Government has once again demonstrated its resolve to beat the resource curse in the exploitation of the country's hydrocarbons, by giving expression to a key transparency provision in the Petroleum Revenue Management Law it enacted six months ago: the inauguration of the Public Interest and Accountability Committee last Thursday in Accra.

The Committee, established under Section 51 of the Petroleum Revenue Management Act, 2011, Act 815 is regarded as a novelty in the management of natural resource rents globally. It introduces an additional layer of public oversight (besides parliament) in the management of Ghana's petroleum revenues.

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