The Vice Dean of the School of Graduate Studies at the University of Professional Studies, Accra, Dr Samuel Antwi is calling for a review of the Petroleum Revenue Management Act (PRMA) to further regulate the government’s expenditure of funds generated from the sale of the country’s oil. He argued that the government under the current Act has too much of a leeway to put the revenue to use in areas it considers priority which is might not be in the best interest of the country. The Petroleum Revenue Management Act was introduced right after Ghana discovered oil to provide the framework for the collection, allocation, and management of petroleum revenue in a responsible, transparent, accountable, and sustainable manner for the benefit of the citizens of Ghana in accordance with Article 36 of the Constitution among others. Despite the detailed and elaborate nature of the law to regulate how funds generated from the country’s oil fields are used, Dr. Antwi believes the legislation in ...