oil
oil

A research report by SEND-Ghana, a sub-region charity, received by Xinhua revealed that the ABFA, which are disbursements into the consolidated fund in support of the national budget, had been spread thinly which made it difficult to assess its impact.

The report said spreading thinly oil revenue over so many projects made it difficult to track utilization of funds and project benefits.

Ishmael Edjekumhene, an energy analyst, told Xinhua that instead of spreading oil revenue thinly over several projects that might never see completion, the government should rather invest in legacy projects that would impact positively in the lives of the citizens.

The Chief Executive Officer of SEND-West Africa, Siapha Kamara, called for collective efforts to put more pressure on the government to use oil revenue for shared benefits.

Finance Ministry data show that oil revenue as captured in the ABFA have so far been spent on the construction of classroom blocks for different communities, dams and irrigation systems, and boreholes. Enditem

Source: Xinhua/NewsGhana.com.gh

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