Petroleum Revenue Management (Amendment) Act, 2015 🇬🇭

Ghana

Republic of Ghana

The eight hundred and ninety-third

Act

of the parliament of the republic of ghana

entitled

Petroleum Revenue Management (Amendment) Act, 2015

Published by Government Gazette on 31 July 2015
Assented to on 31 July 2015
Commenced on 31 July 2015

An Act to amend the Petroleum Revenue Management Act, 2011 (Act 815) to provide for the allocation of funds to the Ghana Infrastructure Investment Fund for the purposesof infrastructure, development, the provision of the composition of the Investment Advisory Committee and for related matters.PASSED by Parliament and assented to by the President:

1. Section 5 of Act 815 amended

The Petroleum Revenue Management Act, 2011 (Act 815) referred to in this Act as the principal enactment is amended in section 5 by the substitution for subsection (2) of"(2) In order to preserve revenue streams from petroleum and ensure the object of this Act, there shall not be any borrowing against the petroleum reserves.".

2. Section 7 of Act 815 amended

The prin…

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