SWFI First Read, April 7, 2016

Ghana Extractive Industries Transparency Initiative Says More than $84 Million Missing

In 2014, Ghana earned more than US$ 900 million from the oil & gas sector. According to a report which was prepared by the Ghana Extractive Industries Transparency Initiative, an amount of US$ 84,382,088 could not be accounted for as government could not verify receiving such revenue from the oil and gas companies.

“With the exception of Anadarko WCTP Limited, all oil and gas companies that made payments in 2014 reported to the GHEITI,” the report said.

Illinois Contemplates Sovereign Fund

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