Petroleum Revenue Management Act, 2011

This document is part of the source library for NRGI's 2021 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.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Ghana
Year
RGI Edition Year 2021
Topic Legislation and regulation, Open data, Revenue management, Revenue sharing, Sovereign wealth funds, State-owned enterprises, Subnational governance
Document Type PDF
RGI Sub-component
RGI Questions 1.4.1a: Are there rules governing fiscal transfers between the government and the SOE?,
1.4.3a: Is the SOE required to publicly disclose annual reports containing information on its finances and operations?,
1.4.7d: Are there rules that require the SOE or government to publicly disclose information on the sale of production by the SOE?,
2.1.2a: Does the country have a numerical fiscal rule?,
2.1.2b: Do rules require that an external body periodically monitor the government's adherence to the numerical fiscal rule?,
2.2a: Does the central government transfer extractive resource revenues to subnational governments?,
2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?,
2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?,
2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?,
2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?,
2.2.2b: If there is a formula governing the transfer of extractive resource revenue between the central government and subnational governments, does this formula specify the amount of revenue received by each subnational government?,
2.2.3a: From 2015 onwards, did the central government disclose the amount of revenues transferred to subnational governments?,
2.2.3b: How up-to-date is the information publicly disclosed by the central government on the amount of revenues transferred to subnational governments?,
2.2.3c: From 2015 onwards, has the central government publicly disclosed the amount of revenue transferred by revenue stream?,
2.2.4a: Do rules require that an external body periodically audit the transfers of extractive resource revenues to subnational governments?,
2.2.5a: Were transfers of extractive resource revenues to subnational governments externally audited over the most recently completed audit timeframe?,
2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?,
2.3.5c: Do rules require an external body to periodically audit 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
Author
Source or API link https://www.piacghana.org/portal/files/downloads/petroleum_revenue_management_act.pdf
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute