Managing Future Oil Revenues In Ghana

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Managing Future Oil Revenues In Ghana

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Author : Clemens Breisinger
language : en
Publisher:
Release Date : 2010

Managing Future Oil Revenues In Ghana written by Clemens Breisinger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.

Fiscal Regimes And Managing Oil Revenue For Economic Development

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Author : Solomon Frimpong Amoateng
language : en
Publisher:
Release Date : 2014

Fiscal Regimes And Managing Oil Revenue For Economic Development written by Solomon Frimpong Amoateng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Canada categories.

Ghana's oil industry has real potential to transform the country. With the right conditions, Ghana's oil industry, like that of Alberta and Norway can help create jobs, strengthen the domestic private sector, fund public services, and contribute to infrastructural development, which could benefit both present and future generation. This thesis examines the current regulatory framework for managing oil revenue in Alberta, Norway and Ghana by assessing concepts in Alberta and Norway's regime that could be adopted in Ghana. Emphasis is placed on the tenure granting system and the regime for determining the government's share of oil revenue. It also examines the regulatory framework for the usage of petroleum revenue.

Ghana In The Geopolitics Of Africa

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Author : Abdallah Ali-Nakyea
language : en
Publisher:
Release Date : 2023-09-19

Ghana In The Geopolitics Of Africa written by Abdallah Ali-Nakyea and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-19 with categories.

The tax and revenue management policies and regulations of a number of oil-rich countries were briefly reviewed and compared to Ghana's oil and gas taxation and revenue management legislation. A key finding is the noncompliance of the Government of Ghana with the provisions in the Petroleum Revenue Management Act (PRMA), which potentially makes the occurrence of the "oil curse" in Ghana more likely. The research recommends that the Government of Ghana put in place adequate measures, underpinned by appropriate legislation, to enable the retention and investment of its share of oil revenues, and also deal with oil revenue volatility. The Government of Ghana should design a long-term fiscal strategy, based upon high quality, long-term economic and revenue projections, which includes a sensitivity analysis. The PRMA requires amendment in the areas of accounting for the oil and gas revenues, setting up safeguards for the use of the revenues accrued from the oil and gas sector, as well as ad- hering strictly to the priority areas determined for the allocation of the petroleum revenues. This will allow for robust provisions and safety nets to be enshrined in oil and gas taxation and revenue management laws, to safeguard the revenue inflows for development.

Ghana S Oil Revenue Management

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Author : Daniel Armah-Attoh
language : en
Publisher:
Release Date : 2015

Ghana S Oil Revenue Management written by Daniel Armah-Attoh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Ghanaians categories.

"After four years under the Petroleum Revenue Management Act, does management of oil revenues provide some hope that Ghanaians are on course to reap real benefits from this newfound resource? Specifically, this paper examines the extent to which public opinions and aspirations regarding the management of oil money, as expressed in Afrobarometer surveys in 2012 and 2014, converge with provisions of the petroleum revenue management law and current management practices, and offers some policy recommendations on the basis of this analysis."--Page 2.

Oil And Gas Management In Ghana

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Author : John Gartchie Gatsi
language : en
Publisher: Xlibris Corporation
Release Date : 2017-06-09

Oil And Gas Management In Ghana written by John Gartchie Gatsi and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-09 with Business & Economics categories.

This book offers a general introduction to non-technical aspect of oil and gas management. To some people, the book deals with almost all aspects of the oil and gas resource management, including legal, finance, investment, history, taxation, revenue management, and market developments. This book is written primarily to help oil and gas management students understand the subject matter broadly. The book is also helpful to policymakers, petroleum economists, policy analysts, and individuals to have basic understanding of the major issues relevant to the oil and gas sector. Topics such as petroleum subsidy, local content, stabilization agreements, oil revenue collateralization, and investment of the Ghana Petroleum Funds are discussed from a non-technical perspective. The Dutch disease and natural resource curse, the governance pillars in oil and gas revenue management, and the Hubbert curve are also covered with clear explanations. The discussion on the Seven Sisters in oil and gas market development forms the historical dimension to the global oil and gas market.

Strategic Public Spending Scenarios And Lessons For Ghana

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Author : Aragie, Emerta
language : en
Publisher: Intl Food Policy Res Inst
Release Date :

Strategic Public Spending Scenarios And Lessons For Ghana written by Aragie, Emerta and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Political Science categories.

Growth in Ghana during the last decade has not translated into meaningful benefits for rural households who experienced an increase in poverty in recent years. This reflects, among other factors, the relatively weak performance of the agricultural sector and its general lack of competitiveness. The government has identified agriculture as the backbone of its development strategy and is committed to address the numerous challenges faced by the sector. However, it is likely to encounter fiscal constraints in a postdevelopment assistance era. It is therefore crucial to understand the trade-offs associated with alternative spending strategies. In this study we develop an economywide modeling framework for analyzing returns to public spending in support of agriculture. The model is used to evaluate the effect of compositional shifts in spending given marginal returns to different areas of investment. Our analysis focuses especially on extension services and input subsidies as two important components of the government’s agricultural development strategy. The objective of the study is to advise policymakers on which spending strategy is the most likely to contribute to government’s development goals, such as poverty reduction or economic growth. We find that a doubling of the share of agriculture in total public budget would accelerate agricultural growth to somewhere between 7.6% and 8.6% against the business-as-usual scenario of about 3.5%. The level of growth achieved depends on the types of policies that are favored. In the examples presented here, we show that an input subsidy-oriented spending strategy may yield significant benefits in the short run (1–5 years), and especially in an expansionary fiscal environment, but investments in effective extensive services are more sustainable and rewarding in the medium- to longer-run (6–10 years), especially when public resources are more constrained. These results demonstrate why short-term political goals might result in policy choices that are suboptimal from a longer-term development perspective.

The Economics Of The Oil And Gas Industry

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Author : Joshua Yindenaba Abor
language : en
Publisher: Taylor & Francis
Release Date : 2023-03-06

The Economics Of The Oil And Gas Industry written by Joshua Yindenaba Abor and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-06 with Business & Economics categories.

Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive not only with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of the oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend knowledge of the sector in ways that existing books do not. The book includes relevant cases and, thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry, and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.

Poverty Reduction Strategies In Action

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Author : Amoako-tuffour
language : en
Publisher: Lexington Books
Release Date : 2007-12-24

Poverty Reduction Strategies In Action written by Amoako-tuffour and has been published by Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-24 with Business & Economics categories.

Since the inception of the HIPC Initiative, the story of the design and implementation of poverty alleviation strategies has largely been told through the filters of development partners and the Bretton Woods Institutions. Poverty Reduction Strategies in Action examines the efforts in Ghana to reduce poverty and initiate changes that it believes are essential to ensure a prosperous future for its citizens in the 21st century. It chronicles the achievements, pitfalls, and looming challenges of a government, its people, and its external partners in fashioning out and implementing anti-poverty and pro-growth policies. This edited volume, by a group of independent researchers, examines Ghana's experience: what was done, how it was done, what was left undone, the lessons learned, and fills the void in the development literature.

Entrepreneurial Goals

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Author : Itamar Dubinsky
language : en
Publisher: University of Wisconsin Pres
Release Date : 2022-07-26

Entrepreneurial Goals written by Itamar Dubinsky and has been published by University of Wisconsin Pres this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-26 with Business & Economics categories.

The idea that the African private sector will generate economic prosperity and social wealth—an objective many governments and foreign charitable organizations have failed to achieve—continues to attract attention in business and policy circles. Yet little research has actually been conducted on Africapitalist endeavors. With the immense popularity of sports and the many aspirations they foster, the successes and shortcomings of soccer academies have kicked their way into the spotlight. Entrepreneurial Goals breaks away from studies that focus on the international relations consequences of soccer ventures, which are often rebuked as extended forms of European colonialism and exploitation of local talent, and instead centers Ghanaian establishments and the opportunities they create for local development within their surrounding communities. Itamar Dubinsky’s extensive ethnographic research offers an innovative theoretical approach by assessing three institutions—Mandela Soccer Academy, Kumasi Sports Academy, and Unistar Soccer Academy—through an Africapitalist prism. He demonstrates that these business endeavors, when viewed from the perspective of local interests, realize many of the educational, financial, and community building ambitions of the region. This pioneering examination of locally owned academies in Ghana reflects Dubinsky’s aim of illuminating the entrepreneurs and programs whose success passes to participating youth and their families, while also exposing the contradictions of for-profit development initiatives that purport to reap collective social benefits.

Historical Dictionary Of Ghana

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Author : David Owusu-Ansah
language : en
Publisher: Rowman & Littlefield
Release Date : 2014-02-27

Historical Dictionary Of Ghana written by David Owusu-Ansah and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-27 with History categories.

Ghana, the former British colony of the Gold Coast, is historically known for being the first country to the south of the Sahara to attain political independence from colonial rule. It is known for its exports of cocoa and a variety of minerals, especially gold, and it is now an oil exporting country. But Ghana’s importance to the African continent is not only seen in its natural resources or its potential to expand its agricultural output. Rather the nation’s political history of nationalism, the history of military engagement in politics, record of economic depression and the ability to rise from the ashes of political and economic decay is the most unique character of the country. This fourth edition of Historical Dictionary of Ghana covers its history through a chronology, an introductory essay, appendixes, and an extensive bibliography. The dictionary section has over 900 cross-referenced entries on important personalities, politics, economy, foreign relations, religion, and culture. This book is an excellent access point for students, researchers, and anyone wanting to know more about Ghana.