Governing African extractives for development: lessons from Ghana's petroleum revenue management law
PUBLICATION YEAR: 2016
TITLE AUTHOR(S): O.Lwabukuna
KEYWORDS: GHANA, PETROLEUM GAS, POLICY IMPLEMENTATION, TAXATION
DEPARTMENT: African Institute of South Africa (AISA)
Print: HSRC Library: shelf number 9323
HANDLE: 20.500.11910/9969
URI: http://hdl.handle.net/20.500.11910/9969
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
Ghana, Liberia, Mozambique, Sierra Leone, Tanzania, Uganda and, to an extent, Kenya are Africa's new kids on the 'Big Oil' block. They have each recently discovered significant oil, gas or mineral reserves. These countries are important for re-setting Africa's new narrative in resource exploration and exploitation, because their policy and legal frameworks have just been formulated or are still being developed. This gives these countries a chance to develop better systems and institutions, taking into account 'resource curse' lessons and best practice gleaned from their forerunners who did not perform so well in governance or economic development. Ghana introduced the Petroleum Revenue Management Act in 2011. This was driven by policy aimed at using Ghana's new hydrocarbon wealth to achieve viable socioeconomic development. The law and its supporting frameworks remain strong counterweights to the resource curse paradigm experienced by other African and international resource-endowed countries. But the success of these counterweights is dependent on commodity prices, prudent budgeting, good fiscal regimes and implementation. It is also dependent on wise revision of the resource governance framework in line with Ghana's continuously changing needs, including the adoption of adequate supporting regulations and statutes. Whilst the policy and its associated frameworks are laudable, hurdles remain in implementing, institutionalising and overseeing them. Cooperation between public, private and civil society stakeholders will be a strong pillar in ensuring the success of the framework.-
Related Research Outputs:
- An analysis of the efficacy of fuel taxation for pollution control in South Africa
- Learning to compete in Ghana: education, training and enterprise development
- The elusiveness of integration: policy discources on open and distance learning in the 1990s
- Funding freedom?: synthesis report on the impact of foreign political aid to civil society organisations in South Africa
- A human rights perspective on policy implementation processes: observations from the South African public service
- Intergenerational communication beliefs across the lifespan: comparative data from Ghana and South Africa
- Science and technology policy in transition countries: experience of South Africa
- Chieftaincy and royalty in Ghana: are we throwing away the baby with the bathwater?
- Getting research into policy and practice: some case studies on HIV/AIDS from the HSRC
- Policy coherence: meanings, concepts and frameworks
- A systemic evaluation of the South Africa education system linking indicators to policy goals: multilevel analysis of education quality indicators
- Confronting management dilemmas: the introduction of single public service legislation in South Africa
- Developing an HIV/AIDS policy: content, process, challenges and implementation
- Policy researchers and policy impact
- Policy process on the system of provincial and local government: catalogue and analysis of public submissions
- Getting a GRIPP on policies: turning research into policy and practice
- Breaking the silence: South African HIV policies and the needs of men who have sex with men
- An evaluation of the National Health Insurance Program in Ghana
- Sectors & skills: the need for policy alignment
- The use of liquefied petroleum gas by South African low-income urban households: a case study