Volatile extractive revenues could threaten Kumasi-Accra expressway project – PIAC warns
Ghana's heavy dependence on extractive sector revenues to finance major infrastructure projects could expose the country to significant risks if global commodity prices decline, the Executive Secretary of the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has cautioned.
He noted that fluctuations in international oil and mineral prices have historically affected government revenues, making it risky to finance large-scale infrastructure projects solely from extractive sector receipts.
His remarks come as Ghana continues to rely on extractive revenues to finance key development projects, with experts increasingly calling for prudent resource management, stronger oversight and greater investment diversification to protect the economy against future commodity price volatility.
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