Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.110989 |
The Ghana Stabilisation Fund: Relevance and Impact so far | |
Gyeyir, Denis Mwinkpeng | |
2019-12-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 135 |
文章类型 | Article |
语种 | 英语 |
国家 | Ghana |
英文摘要 | Ghana in response to global best practices in managing volatile petroleum revenues included in its petroleum revenue management framework, the Ghana Stabilisation Fund (GSF). This study sought to evaluate the impact of volatile petroleum receipts on the GSF and measure the effect of discretionary capping on the 'stabilisation' role of the Fund since its establishment in 2011. Using qualitative comparative analysis and sensitivity analysis techniques, the study found that transfers into the GSF has been influenced to various degrees by total petroleum receipts, the variance between benchmark and actual revenues, transfers to the National Oil Company and discretion around transfers into the Fund in its initial years of operation. Out of the total of US$ 714,608,340 withdrawn from the GSF between 2014 and 2018, 86.72 percent has been transferred into the Debt Service Account/Sinking Fund (DSA/SF) and used to retire some marketable debt instruments (loans). It concludes that the GSF has impacted minimally on its primary object of cushioning or sustaining public expenditure capacity during periods of unanticipated petroleum revenue shortfalls and that, the Fund has been largely applied for debt repayment purposes than economic stabilisation over the past eight years. |
英文关键词 | Ghana stabilisation fund Sovereign wealth funds Petroleum Revenues Revenue management |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000506465400030 |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/224574 |
专题 | 环境与发展全球科技态势 |
作者单位 | PIAC, POB CT 9807, Cantonments, Accra, Ghana |
推荐引用方式 GB/T 7714 | Gyeyir, Denis Mwinkpeng. The Ghana Stabilisation Fund: Relevance and Impact so far[J]. ENERGY POLICY,2019,135. |
APA | Gyeyir, Denis Mwinkpeng.(2019).The Ghana Stabilisation Fund: Relevance and Impact so far.ENERGY POLICY,135. |
MLA | Gyeyir, Denis Mwinkpeng."The Ghana Stabilisation Fund: Relevance and Impact so far".ENERGY POLICY 135(2019). |
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