Fiscal rules—permanent quantitative constraints on government finances—are an important tool to help mitigate the macroeconomic challenges associated with managing natural resource revenues. This paper sheds light on large gaps in compliance and oversight of fiscal rules, and provides policy recommendations on how fiscal rules can be further strengthened.
Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy platforms for resource governance.
This visual booklet, produced in collaboration with the Ghana Extractive Industries Transparency Initiative (GHEITI), explains in straightforward language the governance and corruption risks presented by hidden company ownership. It goes on to explain how Ghana is addressing the challenge.
The Natural Resource Governance Institute (NRGI) operates with the belief that an informed, strong civil society is essential to effecting transformative and sustainable change in natural resource governance. The organization’s theory of change articulates the need to enable civil society to “produce or drive reform ideas, participate in meaningful dialogue and hold their governments accountable.”
Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.