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Planning Ministry to way oil revenue expenditure

Ken Offori-Atta/Ghanalive.tv

The Ministry of Planning is working with other government agencies to roll out the Petroleum Revenues Information System (PRIS) aimed at ensuring effective spending of oil revenues on infrastructure projects.

The PRIS also seeks to enhance transparency, while building capacity of district planners to monitor and evaluate oil funded projects. It will also make data available to civil society organizations and all stakeholders to help track oil-funded projects.

The Technical Advisor, Macroeconomics, Energy and Petroleum Economics at the Ministry of Planning, Dr Ishmael Ackah, told the media that the first report on all oil-funded projects in the country would be launched ahead of the 2018 deadline for the PRIS to start running, by the end of November.

He said data on all oil-funded projects was being collated from the various districts across the Ghana after which analysis would be done and a report would be launched.

Dr Ishmael Ackah said, we will have a system from next year, which is being funded by Ghana Oil and Gas for Inclusive Growth (GOGIG). It will have a list of all oil-funded projects with their pictures. We will connect it with a mobile application for people to download and monitor the status and progress of projects in their districts.

He explained, the PRIS, would go beyond physical projects and also assess goods and services initiatives such as the fertilizer financial support program and the free senior high school (SHS) program by the government of Ghana.

The post Planning Ministry to way Oil Revenue Expenditure appeared first on Ghana Live TV.



This post first appeared on Watch Gtv Ghana, Adom TV, Tune Ghana Radio GhanaLi, please read the originial post: here

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Planning Ministry to way oil revenue expenditure

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