Energy Analyst Mr. Kwame Jantuah has called on the government to ensure that the recent amendment to the Petroleum Revenue Management Act (PRMA) delivers tangible benefits for Ghanaians and supports long-term national development.
Speaking during a stakeholder engagement hosted by the Public Interest and Accountability Committee (PIAC), Jantuah stressed that oil revenues must be strategically invested in critical sectors such as infrastructure, energy diversification, and industrialization.
“They bring out good laws, but when it comes to implementation, it often becomes something else, questioning whether reforms are truly geared toward national interests or narrow agendas,” he said.
Mr. Jantuah also raised concerns about the lack of stakeholder inclusion in key decision-making processes. “How are civil society groups or institutions like PIAC involved when major decisions about the PRMA are being made?” he asked.
“If all offshore basins were producing, imagine the volume of money Ghana would earn,” he said.
His remarks follow the signing of the Petroleum Revenue Management (Amendment) Bill, 2025 into law by President John Dramani Mahama on April 2.
The amendment requires that 100% of the Annual Budget Funding Amount (ABFA) be directed exclusively to infrastructure development, unlike the previous model, which spread oil revenue across multiple sectors.
The government says the reform is central to its ‘Big Push’ agenda, aimed at financing high-impact infrastructure projects nationwide.
