(1) A Ghana Heritage Fund is hereby established.

(2) The object the Ghana Heritage Fund is to

(a) provide an endowment to support development for future generations when petroleum reserves have been depleted; and

(b) Receive excess petroleum revenue.

(3) The Ghana Heritage Fund shall receive from the Petroleum Holding Fund a percentage petroleum revenue which be determined by Parliament as savings for the purpose of this Act.

(4) Despite section 20, Parliament may by a resolution supported by the votes of a majority of members of Parliament at intervals of fifteen years from the date commencement of this Act, review the restrictions on transfers from the Ghana Heritage Fund and authorise a transfer portion of the accrued interest on the Ghana Fund into any fund established by or under this Act.