Ghana: Raiding the Heritage Fund?

analysis

"When you eat, keep some of the food because anything can happen." -Kwabena Akwaboah, late guitarist and highlife musician.Mr. Johnson Asiedu Nketiah, General Secretary of the National Democratic Congress (NDC), is reported to have called for an amendment of the Act that set up the Ghana Heritage Fund.

According to the DAILY GUIDE issue of Wednesday, May 7, 2014, the Ghana Heritage Fund Act (Act 815) has an objective (among others) to provide "an endowment to support development for future generations when the petroleum reserves have been depleted, and to receive excess petroleum revenue."

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