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Parliament passes Mineral Development Fund Bill

This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

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Additional Info

Field Value
Sector Mining
Country Ghana
Year 2016
RGI Edition Year 2017
Topic Legislation and regulation, Open data, Revenue management, Sovereign wealth funds
Document Type Newspaper Article
RGI Sub-component Sovereign wealth funds
RGI Questions 2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?,
2.3.2c: From 2015 onwards, has the government adhered to the numeric rules governing the size of withdrawals from sovereign wealth funds?,
2.3.1b: Do rules require that withdrawals and spending from the sovereign wealth fund pass through the national budget?,
2.3.4d: From 2015 onwards, have withdrawals and spending from the sovereign wealth fund actually passed through the national budget?,
2.3.1c: Are there numeric rules governing the size of deposits into the sovereign wealth fund?,
2.3.2d: From 2015 onwards, has the government adhered to the numeric rules governing the size of deposits into the sovereign wealth fund?,
2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?,
2.3.3b: Is the sovereign wealth fund prohibited from investing in certain asset classes or investment types?,
2.3.4e: From 2015 onwards, has the sovereign wealth fund adhered to rules limiting asset class or investment types?,
2.3.5a: Is the sovereign wealth fund required to produce annual financial reports?,
2.3.5b: Is the sovereign wealth fund required to publicly disclose these annual financial reports?,
2.3.6a: Does the sovereign wealth fund publicly disclose its annual financial reports?,
2.3.2a: Does the sovereign wealth fund's most recent publicly available annual financial report specify the size of the fund?,
2.3.2b: Does the sovereign wealth fund's most recent publicly available annual financial report disclose?,
2.3.4a: Does the sovereign wealth fund's most recent publicly available annual financial report specify the rate of return made on its investments?,
2.3.4b: Does the sovereign wealth fund's most recent publicly available annual financial report include a list of assets held?,
2.3.4c: Does the sovereign wealth fund's most recent publicly available annual financial report specify the fund's asset allocation by asset class?,
2.3.5c: Do rules require an external body to periodically audit the sovereign wealth fund's annual financial reports?,
2.3.6b: Were these annual financial reports audited over the most recently completed audit timeframe?,
2.3.5d: Is the legislature required to review the sovereign wealth fund's annual financial reports?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law and
Practice (Both)
Publisher http://www.ghana.gov.gh/
Author Gilbert Ankrah
Source or API link http://www.ghana.gov.gh/index.php/media-center/news/2445-parliament-passes-mineral-development-fund-bill
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute