This dataset is sourced from Natural Resource Governance Institute (NRGI). This dataset includes Company Name, Year, Commodity Name and Code, Data Files, GFS (Government Finance Statistics revenue type) Name and Code, and Value from 2007-2013.
Historically Ghana is a mining country, with substantial reserves it is the second largest gold producer in Africa. Oil production started in 2011, and as of 2013 oil revenues surpassed mining receipts.
Extractive Industries Transparency Initiative (EITI) reporting has highlighted gaps in the way the extractive sector is managed, leading to changes to the fiscal regimes governing the sector such as the introduction of capital gains tax, higher ground rent and fixed royalty rates. Ghana Extractive Industries Transparency Initiative (GHEITI) is also working to improve accountability of subnational transfers, as 10% of mining royalties are transferred to local governments.
Given the strategic importance of natural resources, especially, minerals and oil and gas to the economy of Ghana, there is the need for a more transparent and prudent management of revenues from these strategic sectors, and to equally ensure that our natural resource revenue data are widely available to empower the general public to hold both Companies and Government accountable.