Parliament has approved, by consensus, a request to review the Investment Policy and Management of the Ghana Petroleum Funds in line with Section 30(1)(a) of the Petroleum Revenue Management Act, 2011 (Act 815).
The decision was taken after the House adopted the report of the Committee on Economy and Development.
The motion was moved by the Chairman of the Committee, Eric Afful, Member of Parliament (MP) for Amenfi West. The request for the review was first presented to the House on Thursday, November 13, 2025, by the Minister for Finance, Dr. Cassiel Ato Forson, and subsequently referred to the Committee for consideration.
The Committee met with the Minister for Finance, Dr. Cassiel Ato Forson, the Deputy Minister for Finance, Thomas Apem Darko, and officials from the Ministry to examine the proposal.
Their discussions centred on the guiding provisions of the Petroleum Revenue Management Act, which was enacted to provide a clear framework for the collection, allocation, and long-term management of Ghana’s petroleum revenues in a transparent, accountable, and sustainable manner.
The Act establishes a robust governance structure for the management of petroleum resources. Section 29 of the law sets up an Investment Advisory Committee to guide the Minister on performance monitoring of the Ghana Petroleum Funds, while Section 27(2) mandates the Minister to periodically review the range of qualifying instruments in which the Funds may be invested.
According to the Committee, the request for review is timely and appropriate, as it will allow the government to broaden the scope of qualifying investment instruments. This, they noted, would position the state to earn higher returns on the Ghana Petroleum Funds while aligning with the country’s long-term development objectives.
Having completed its deliberations, the Committee unanimously recommended the adoption of its report.
By Ernest Kofi Adu, Parliament House