Africa Centre for Energy Policy - ACEP Ghana » Projects » Public Financial Management

Public Financial Management

a. Value for Money Audit of petroleum revenue funded projects
This covers Value for Money audit of projects funded from petroleum revenues allocated through the Government of Ghana Budget. In this project,  4 road projects have been selected to assess the efficiency of spending petroleum revenues. Lessons are expected to inform the development of a public investment management plan within the Ministry of Finance and Economic Planning. The project is funded by the World Bank and Oxfam America.

b. Spending Strategy for petroleum revenues
In this project, we are consulting with citizens groups to develop a pro-poor spending strategy for petroleum revenues. This will be followed by campaigns on prioritizing the education and agricultural sectors for the spending of petroleum revenues to fasten the pace of poverty reduction in Ghana.  The Minister is required by law to prioritize not more than four sectors for the spending of petroleum revenues which shall be reviewed every three years. The next review is due in the 2014 Budget Statement. Thus, this campaign is aimed at influencing the selection of priorities in favour of pro-poor spending strategy. The project is funded by the Friedrich Ebert Foundation.

c. Expenditure Analysis of petroleum revenues
This project involves analysis of the disbursement of petroleum revenues in 2011 and 2012 to assess the extent to which they comply with established standards in the petroleum revenue management law. This is to document violations of the law to create an advocacy opportunity for campaign to ensure compliance. The project is funded by Oxfam America



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