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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Research

Will oil revenues wane foreign aid to Ghana?

Posted on 17 March 2010

From Modernghana.com: In no uncertain terms, Ghana ought to set up a sovereign oil wealth fund. A stabilization fund, for example, would tend to provide cushion for budget from turbulences caused by oil price volatilities and from reduced or no foreign support.
Not only is setting up the oil fund crucial, but forming a statutory independent body to administer and monitor spendings from this fund should remain an utmost priority. The country could also set up savings fund that would set aside portions of oil and gas revenues for the future or current development needs………………………………….Full Article: Source

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