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It has been over a decade of petroleum revenue utilisation in Ghana. Yet, there is a dearth of research on Ghanaians’ sentiments on petroleum revenue management in Ghana. However, research indicates that investigating citizens’ sentiments and addressing their grievances could prevent conflicts and promote better revenue utilisation in natural resource-rich countries. So, this study investigated Ghanaians’ sentiments about petroleum revenue management and its contribution to the Free Senior High School (SHS) programme in Ghana through an online survey. The study employed the quantitative approach in which the data was gathered through an online survey questionnaire and analysed using natural language processing techniques. The results show that the participants had negative sentiments about petroleum revenue management and the Free SHS programme in Ghana. However, they trust the managers and anticipate better revenue management in the future. The study recommends that the government should consult broadly with all stakeholders regarding petroleum revenue management to avoid potential conflicts. The article concludes that petroleum revenue managers can combine spatial crowdsourcing and natural language processing to extract citizens’ opinions at specific locations for better revenue management.

The judicious management of revenues from natural resources has been challenging. This paper examines the effectiveness of Revenue Management Laws for oil and gas revenues in Ghana. This is to assess whether Ghana has learnt any lessons from the challenges of mineral revenues management. The study found that the management of the minerals and mining sector revenues is disturbing and some imminent problems identified in the management of the recent oil and gas revenues. The study recommends the adoption of Drysdale’s five principles of effective natural resource revenue management to avoid such problems associated with an influx of natural resource wealth. We recommend a consolidation of Petroleum Revenue Management Act, 2011 (Act 815) and the Petroleum Revenue Management (Amendment) Act, 2015 (Act 893) to provide consistency in interpreting the oil and gas Revenue Management Laws. We posit that with the experiences in the minerals and mining sector emphasized and the implementation of our recommendations, Ghana would be better informed on how to establish an effective and efficient framework to manage oil and gas revenues to spur Ghana Beyond Aid.

Contemporary Arab Affairs Energy in Arab countries: selected indicators oil reserves; gas reserves; oil production; marketed natural gas; refining capacity; energy consumption; petroleum revenues

Contemporary Arab Affairs Selected indicators on oil and gas in Arab countries, 2007-2011 oil reserves; gas reserves; oil production; gas production; refining capacity; energy consumption; oil exports; petroleum revenues

This paper undertakes a five-year review of the management of oil revenues in Ghana since the commencement of oil production in 2010. Using reports from the Petroleum Transparency and Accountability Index, official records from key state agencies, and interviews with core individuals within the petroleum sector, the paper assesses the quality of transparency and accountability in the management of Ghana's oil revenue. It argues that even though some progress has been made in the transparent and accountable use of oil revenues, more can be achieved if certain critical bills are passed and proactive interventions pursued without further delay on the part of government and policymakers within Ghana's petroleum sector. These would help prevent both potential social conflict that may result from a lack of information on how oil revenues are utilised and the corrupt use of oil funds by politicians and people in authority within the oil industry. Der Autor untersucht die Verwaltung der Erdöleinnahmen in Ghana während der ersten fünf Jahre seit Beginn der Förderung im Jahr 2010. Seine Analyse beruht auf Berichten des Petroleum Transparency and Accountability Index, amtlichen Dokumenten wichtiger staatlicher Stellen und Interviews mit Persönlichkeiten des Ölsektors. Er konzediert zwar Fortschritte in Richtung auf eine transparente und verantwortliche Nutzung der Erdöleinnahmen, aus seiner Sicht könnte allerdings deutlich mehr erreicht werden, wenn entscheidende Gesetzesvorhaben umgesetzt würden und Staat und Politiker proaktiv und ohne Verzögerung im Erdölsektor intervenieren würden. Das könne zur Vermeidung gesellschaftlicher Konflikte beitragen, die aufgrund mangelnder Information über die Verwendung der Erdöleinnahmen entstehen könnten, sowie zur Verhütung korrupter Praktiken durch Politiker und Verantwortliche im Erdölsektor.