The Institute of Political Studies (IPS) Ghana has expressed disapproval for Government’s policy of dedicating all of the country’s oil revenues and mineral royalties for the next four years towards the implementation of the BIG PUSH Program.
The policy change which has seen the approval of Parliament as of 30th July 2025 has been described as “limiting proceeds and revenue retention into the Ghana Heritage Fund and Ghana Stabilisation Fund”, the policy think-tank has said in a statement dated 17th September 2025.
Alluding to a declining growth rate of 2.78% between the first eight months of 2025 from the 7.8% recorded in the same period last year, IPS has expressed worry that the stabilisation and heritage funds risk being dissipated on non-critical petroleum operational and investment demands.
Given that the country was already experiencing a decline in oil production, the country’s state operator may risk not having revenue to commit to its expansion capacity whilst weakening the four pillars of the petroleum revenue framework.
The Ghana Heritage Fund and the Ghana Stabilisation Fund were created under the Petroleum Revenue Management Act (2011) Act 815, as part of the objectives to manage Ghana’s petroleum revenue in a responsible, accountable and sustainable manner.
The BIG PUSH is a flagship infrastructure development program aimed at addressing Ghana’s infrastructure deficit. Government has dedicated $10-billion for the program. IPS has called for a balanced funding model rather than dedicating resources from the petroleum fund
IPS’s Statement can be read below:
IPS Statement
