Petroleum Resource Management for Sustainable Development in Ghana: Will the Petroleum Revenue Management Legal Regime Avoid the Resource Curse?
PhD Thesis
Yalley, M. 2021. Petroleum Resource Management for Sustainable Development in Ghana: Will the Petroleum Revenue Management Legal Regime Avoid the Resource Curse? PhD Thesis University of East London School of Business and Law https://doi.org/10.15123/uel.89y1v
Authors | Yalley, M. |
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Type | PhD Thesis |
Abstract | This thesis is based on an investigation of the legal aspects of the management of petroleum revenue in Ghana in order to promote sustainability and thereby avoid the replication of the resource curse syndrome. The Parliament passed the laws for the regulation and management of petroleum revenue, the Petroleum Revenue Management Act (PRMA) 2011 and Petroleum (Exploration and Production) Act 2016. The thesis argues that the current state of the law, and regulatory environment have far-reaching impacts on the promotion of transparency, accountability and sustainability in the socially beneficial management of petroleum revenue. Some inherent challenges that may inhibit the management of petroleum revenue include possible non-prosecution of mismanagement of oil revenue because of the powers of the Attorney General to exercise nolle prosequi. There have also been considerable infractions such as not fulfilling auditing and reporting requirements, non-remission of revenues into the appropriate funds or accounts, and failure of sufficient engagement in impactful investments in priority areas stipulated in the PRMA. |
Year | 2021 |
Publisher | University of East London |
Digital Object Identifier (DOI) | https://doi.org/10.15123/uel.89y1v |
File | License File Access Level Anyone |
Publication dates | |
Online | 27 Oct 2021 |
Publication process dates | |
Submitted | 27 Sep 2021 |
Deposited | 27 Oct 2021 |
https://repository.uel.ac.uk/item/89y1v
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