Oil Funds for $10bn ‘Big Push’ Will Be Efficiently Managed – Mahama Assures PIAC

President John Dramani Mahama has pledged prudent and transparent use of Ghana’s oil revenue to fund his ambitious $10 billion “Big Push” infrastructure agenda, assuring members of the Public Interest and Accountability Committee (PIAC) of strict financial oversight.

The President gave the assurance during a courtesy call by PIAC members, led by Chairman Mr. Constantine K.M. Kudzedzi, to congratulate him on his recent electoral victory and discuss the governance of Ghana’s petroleum resources.

During the meeting, President Mahama outlined his administration’s bold plan to invest $2 billion annually over five years in transformative infrastructure projects. The “Big Push” aims to overhaul critical sectors such as roads, bridges, education, health, and agriculture to spur national development and job creation.

“Agriculture will be a key pillar,” the President said, adding that the initiative will support irrigation schemes, farmer service centres, and agribusiness infrastructure to boost productivity and food security.

He indicated that the primary funding sources for the initiative would be petroleum revenues and mineral royalties, assuring PIAC that every dollar will be accounted for.

Commending PIAC for its watchdog role over Ghana’s oil income, President Mahama praised the committee’s consistency in promoting transparency and holding governments accountable in the management of oil resources.

“PIAC’s work is critical and a model for other countries looking to strengthen public oversight over natural resource revenue,” he said.

The President’s comments come at a time of heightened public interest in how Ghana leverages its natural resource wealth for sustainable development, with the “Big Push” positioned as a cornerstone of his second-term economic vision.