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

Ghana: Special funds proposed for oil revenue

Posted on 14 October 2010

From Citifmonline.com: Tax Advisor at the Ministry of Finance, Dr Joe Amoako Tuffour has proposed that a number of funds be established for the judicious utilization of the revenue expected from the commercial exploitation of oil and gas in the last quarter of this year.
Prominent amongst these is what he terms a Stabilization Fund to serve as a buffer in times of price hikes on the international oil market and a Petroleum Account to receive all revenues from the oil production………………………………………Full Article: Source

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