Q&A: Kwame Okyere-Mensuo, Ministry of Finance and Economic Planning, Ghana
After the discovery of the offshore Jubilee field in 2007, Ghana was determined not to repeat the economic mistakes of some other oil-boom countries.
A new petroleum revenue management bill, approved by Ghana's parliament in March this year, has been hailed by transparency campaigners as a model for other producers to follow. It commits the country to saving a minimum of 30% of its oil revenues in 'heritage' and 'stabilisation' funds to reinvest the country's oil wealth for future generations
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