ACEP Analysis of the 2021 Budget

ACEP’s analysis of the 2021 national budget focuses on Ghana’s oil and gas, mining, and power sectors. The analysis reviews petroleum production and gas exports, petroleum revenue receipts, and revenue utilisation for the 2020 fiscal year in the oil and gas sector. It further discusses projected ABFA receipts and utilization for 2021. For the mining sector, the analysis focuses on intended government actions in the budget towards addressing challenges with ASM, managing mineral revenue, and optimising industrial minerals to contribute to the economy. The power sector analysis focuses on payment of excess capacity charges, importation of Liquified Natural Gas (LNG), power transmission and distribution challenges, and renewable energy generation challenges.