Your Most Reliable and Dependable Source

ACEP calls for equitable distribution of oil money



Subheader body: 

The former Metropolitan Chief Executive of Tamale and Executive Director for African Centre for Energy Policy (ACEP), Dr. Mohammed Amin Adam has called for an equitable regional distribution and allocation of Ghana’s oil revenue.

He said some regions seem to be discriminated against in the distribution and allocation, in spite of the enormous developmental challenges they face.

The Northern, Upper West, Upper East and Central Regions which are considered the poorest regions in Ghana receive meager allocations of the oil revenue annually.

 For instance, the allocation of the oil revenue to the road sector in 2011, the Northern Region had 5 percent, Upper West 1 percent, Upper East 2 percent and Central Region 2 percent.

In his view the regions consider poor need much of the oil revenue allocation to the other regions tagged as being leverage in terms of development.

The Executive Director of ACEP, Mohammed Amin Adam made the call at a regional stakeholder consultative forum to deliberate on the low financing of the educational sector.

The one-day consultative forum was organized by the Northern Network for Education Development (NNED), the Africa Center for Energy Policy (ACEP) with Support from IBIS-Ghana.

Currently, IBIS-Ghana, NNED and ACEP are implementing a project which seeks to monitor the 2014 utilization and track disbursement levels of the 2015 allocated funds of 96,275,504 dollars to education so as to influence the 2016 budget allocations to education.

Dr. Amin Adam also revealed that 58.60 percent of funding in the education sector is from Development Partners with 2.80 percent from government while 1.20 percent from Internally Generated Funds (IGF) by the educational institutions. 

Dr. Amin Adam based on the meager oil revenue allocation to the education sector especially in the three regions of the north, enjoins stakeholders and Non-Governmental Organizations (NGOs) in education to advocate for more oil revenue to the education sector especially in the most poorest regions in the Ghana which need much of the resources to develop the education and other sectors of the economy.                                                                                                        




Promoted on slideshow: 

Leave A Reply

Your email address will not be published.