The National Development Planning Commission (NDPC) is committed to ensuring Ghana’s national resources are effectively managed.
The Director General of the NDPC, Dr Kodjo Esseim Mensah-Abrampa, stated this during an engagement with the Public Interest and Accountability Committee (PIAC) on Wednesday in Accra.
Dr Mensah-Abrampa said the NDPC would facilitate the development of long-term national development that extends beyond short political cycles.
“By coordinating and collaborating, we can develop plans that go beyond four and eight years to truly influence the nation’s growth,” he stated.
The Chairperson for PIAC, Professor Elizabeth Ardayfio-Schandorf, echoed the need for long-term planning to guide oil revenue spending.
She noted Ghana’s Petroleum Revenue Management Act requires oil funds to align with an approved national development plan, which is yet to happen.
“For 12 years since the Act was passed, oil money has been spent on Priority Areas without a long-term plan,” Prof. Ardayfio-Schandorf said.
She said effective oil revenue management was critical in shaping Ghana’s development path.
A long-term plan transcends temporary political agendas and ensures consistency, she added.
The PIAC Chair said the engagement with the NDPC marked the start of advocacy to adopt a national development plan that sustainably builds Ghana’s future using its finite oil resources.
“PIAC and NDPC will work together to plan strategically for the nation by investing oil funds in impactful projects now,” she stated.
PIAC plans further engagement with the NDPC to align oil spending with initiatives that drive national growth.
Patience Anaadem, ISD