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HomeUncategorizedPIAC Slams $100m Cap on Stabilisation Fund, Urges Government Compliance

PIAC Slams $100m Cap on Stabilisation Fund, Urges Government Compliance

The Public Interest and Accountability Committee (PIAC) has expressed concern over the government’s continued breach of the legal capping formula for the Ghana Stabilisation Fund (GSF), warning that the move undermines Ghana’s ability to withstand future fiscal shocks.

According to PIAC’s 2025 Half year report, the government maintained a US$100 million cap on the Fund in 2025, contrary to the formula outlined in L.I. 2381.

A proper application of the law, the Committee says, would have yielded US$584.22 million, providing a stronger financial buffer for economic emergencies.

Despite the capping issue, the report showed that Ghana’s petroleum savings continued to improve.

The Heritage Fund grew by 18.1 percent to US$1.3 billion, while the Stabilisation Fund fell by 36.9 percent to US$122.91 million, mainly due to withdrawals. Combined, the two funds recorded a 9.8 percent increase in total reserves, rising to US$1.42 billion in the first half of 2025.

The Petroleum Holding Fund also closed the period with a balance of US$94.06 million, comprising corporate income tax, interest, and a mandatory reserve.

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