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Ghana

Extractive Sector Revenue Management (GH0005)

Overview

At-a-Glance

Action Plan: Not Attached

Action Plan Cycle: 2013

Status: Inactive

Institutions

Lead Institution: Ministries of Energy.

Support Institution(s): Oil and Gas Coalition, ISODEC, IEA, IDEG

Policy Areas

Extractive Industries, Fiscal Transparency, Legislation & Regulation, Public Participation

IRM Review

IRM Report: Ghana 2013-2014 End of Term Report

Starred: No

Early Results: Did Not Change

Design i

Verifiable: Yes

Relevant to OGP Values: Access to Information Civic Participation , Public Accountability

Potential Impact:

Implementation i

Completion:

Description

The Petroleum Revenues Management Law has provided for the establishment of Public Interest Accountability Committee (PIAC) with the primary responsibility of enforcing transparency in the management of oil revenues. PIAC is a predominantly civil society body that monitors the flow of oil revenues and expenditures. Established in 2011, PIAC, has already issued its first report for that year and enjoyed considerable independence and generous budgetary allocation.
Over the 2013 - 2014 period, the Ghana Government commits itself to maintain and strengthen the independence of PIAC by continuing the provision of adequate budgetary allocation and supporting relevant CSOs to conduct annual M&E exercises to assess the extent of PIAC independence. Government further commits to the full implementation of recommendations from annual M&E reports as it will maintain and strengthen PIAC’s independent operations.
Government should further strengthen the legal framework on other minerals such as Gold. Actions:
• Publish regulations on the Petroleum Management Act (Act 815).
• Pass the Mineral Development Fund Bill.
• Call at least four meetings of relevant CSOs, Ministries and Departments to formulate a
framework for monitoring and evaluation of PIAC independence
• Support publication and dissemination of M&E reports
• Support relevant agencies to formulate sustainability plans for annual M&E exercises and
reports.

Ghana's Commitments

  1. Open Contracting and Contract Monitoring

    GH0020, 2017, Infrastructure & Transport

  2. Anti-Corruption Transparency

    GH0021, 2017, Anti-Corruption Institutions

  3. Beneficial Ownership

    GH0022, 2017, Beneficial Ownership

  4. Fiscal Transparency and Accountability

    GH0023, 2017, Fiscal Transparency

  5. Extractives Sector Transparency

    GH0024, 2017, Extractive Industries

  6. Right to Information

    GH0025, 2017, Legislation & Regulation

  7. Civic Participation and Accountability

    GH0026, 2017, Fiscal Transparency

  8. Technology and Innovation

    GH0027, 2017, Capacity Building

  9. Starred commitment Open Contracting

    GH0014, 2015, Anti-Corruption Institutions

  10. RTI

    GH0015, 2015, Right to Information

  11. Citizen’S Participation

    GH0016, 2015, Public Participation

  12. Fiscal Openness

    GH0017, 2015, Legislation & Regulation

  13. Starred commitment Revenue Management

    GH0018, 2015, Legislation & Regulation

  14. Open Data

    GH0019, 2015, Open Data

  15. Fiscal Responsibility

    GH0001, 2013, Legislation & Regulation

  16. Fiscal Transparency

    GH0002, 2013, Capacity Building

  17. Right to Information

    GH0003, 2013, Capacity Building

  18. Human Rights and Anti-Corruption

    GH0004, 2013, Anti-Corruption Institutions

  19. Extractive Sector Revenue Management

    GH0005, 2013, Extractive Industries

  20. Investment Oversight

    GH0006, 2013, Anti-Corruption Institutions

  21. Citizen Participation

    GH0007, 2013, Capacity Building

  22. Code of Conduct Bill

    GH0008, 2013, Asset Disclosure

  23. Audit Reports

    GH0009, 2013, Audits and Controls

  24. National Broadcasting

    GH0010, 2013, Civic Space

  25. e-Immigration

    GH0011, 2013, Citizenship and Immigration

  26. Financial Management

    GH0012, 2013, Citizenship and Immigration

  27. Starred commitment Policy Portal

    GH0013, 2013, Citizenship and Immigration