Energy analyst Benjamin Nsiah says President John Mahama’s proposal to move petroleum sector transactions from U.S. dollars to Ghana cedis will require amendments to the Petroleum Revenue Management Act (PRMA). "The possibility depends on amending the Petroleum Revenue Management Act. Some of the funds under this fund, like the Stabilisation and Heritage Funds, are supposed to be dollar-rated funds, or dollar deposit funds," he explained. "If we're able to amend the Petroleum Revenue Management Act and insist that every fund in that particular Act must be a cedi-based fund, or cedi deposit fund, I think that addresses this problem that the President mentioned." He added that such a reform would need careful consideration to ensure it supports the stability of the petroleum sector while reducing unnecessary pressure on Ghana’s foreign exchange market.