Investing for Ghana
Building a nation
The Parliament
Has established the formal framework for the Petroleum Holding Fund, the Ghana Petroleum Funds by the Petroleum Revenue Management Act, 2011 (Act 815) (PRMA) and Act 893 as amended
Parliament of Ghana
Ministry of Finance
Has overall responsibility for the fund and issues guidelines for its management including investment policy and strategy.
Ministry of Finance
Bank of Ghana
Has responsibility for the day-to-day operational management of the Ghana Petroleum Funds, Petroleum Holding Fund and subsequently the Ghana Petroleum Wealth Fund
Bank of Ghana
Investment Advisory Committee
Has responsibility for advising the Minister of Finance and for the general performance monitoring of the management of the Ghana Petroleum Funds
Learn about IAC
Public Interest and Accountability Committee
Has responsibility to monitor and evaluate compliance with the Act by government and other relevant institutions in the management and use of petroleum revenues and investments as provided in the Act.
PIAC
Legal structure for Petroleum Revenue Management
The Ghana Petroleum Wealth Fund will be established a year after final oil production and will consolidate the GSF and GHF.
Structure of the Ghana Petroleum Funds
Management framework of the Ghana Petroleum Funds
About the fund manager
The bank of Ghana is responsible for the operational management of the Ghana Petroleum Funds.
The Bank of Ghana’s Petroleum Secretariat through its management of the GPFs aims to:
- ensure the GPFs are managed to achieve competitive investment returns with the risk profile established under the GPFs investment policy and
- ensure the GPFs are managed in a manner that balances risks with the goals of sustaining public expenditure capacity and providing an endowment for future development the highest possible return on the fund within the investment mandate set by the Ministry of Finance.