GHANA'S OIL MONEY AND THE BIG PUSH
In the evolving story of Ghana's management of its oil wealth, the 2025 amendments to the Petroleum Revenue Management Act stand out a s a major turning point especially the changes outlined on pages 56 to 58. The original 2011 law created a clear framework for spending the Annual Budget Funding Amount. It set out twelve priority areas covering everything from agriculture and health to industrialization, infrastructure, and human resource development. AI generated theme image Governments could pick up to four of these areas each year to focus their spending. The idea was to meet urgent needs while building a stronger economy for the long term and to avoid letting money be spent without any real direction. The new amendments change all that. They direct every single cedi of the ABFA straight into infrastructure under what is called the Big Push Infrastructure Programme. The old list of twelve areas has disappeared leaving...