The RSD derives its mandate from the Mission Statement of MOF, which mandate is to initiate, formulate, implement, and monitor policies and programmes towards the achievement of the desired growth of the economy of Ghana and poverty reduction by using highly motivated, competent and disciplined staff.
The RSD measures the impact of real sector developments on growth, in particular, and the macro economy in general.
The RSD undertakes the following:
- Analyse, monitor, evaluate and advise on real sector policies, including in agriculture, industry and services;
- Undertake GDP projections and set sustainable growth targets for the relevant sectors of the economy;
- Monitor and evaluate the performance of key sectors of the economy to ensure policy effectiveness;
- Identify bottlenecks affecting the growth of sectors and propose corrective measures;
- Ensure compliance with the Petroleum Revenue Management Act, 2011 (Act 815) by:
- Projecting the petroleum Benchmark Revenue projection on an annual basis;
- Writing and publishing the Annual Report on the Petroleum Funds as well as the Reconciliation Report on the Petroleum Holding Fund;
- Publishing the quarterly petroleum receipts;
- Accounting for the use of petroleum revenues
- Facilitate the mainstreaming of climate change issues into national planning to promote sustainable development; and to mobilize resources for implementation of climate change and green economy policies, programmes and projects in the country;
- Monitor, review and analyse social sector performance and assess the impact of Government policy on the social sector;
- Write policy briefs on topical issues in the economy;