Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Scrap off capacity building component of oil expenditure – ACEP

  • SOURCE: | Editor
  • oil dollarThe 2016 budget statement and economic policy stated that government spent an estimated 135 million Ghana cedis against an estimated 217 million Ghana cedis for the first nine months of 2015.Although the details showed that commitments were made to education, Benjamin Boakye who is deputy executive director of ACEP believes previous reports which cited some government agencies as beneficiaries shrouds the purpose for the capacity building allocation.

    “Until the list came out in the 2014 petroleum report, nobody knew exactly where that capacity building money went to and when it came out, we were baffled at some of the elements that were in there including NADMO and all. I think that we can scrap the capacity building allocation and give that to education because there is no other institution that builds capacity more than the education sector.” He said.

    Benjamin Boakye added, “If we have education, why don’t we say we are allocating oil revenues to that sector rather than the ambiguous capacity building term that continues to receive significant revenues and it is very difficult to track exactly what that revenue is doing.”

    Source: http://business.citifmonline.com/2015/12/01/scrap-off-capacity-building-component-of-oil-expenditure-acep-2/#sthash.M68PaK6J.dpuf

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Jul 2018 >>
    MTWTFSS
    25 26 27 28 29 30 1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31 1 2 3 4 5
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar