The GPFs has a three-tier governance structure. The FERMC is chaired by the Governor and is responsible for providing strategic direction to the GPFs. The GPFIC provides tactical investment direction. The GPFPMC implements portfolio decisions and meets on a bi-weekly basis to review market developments of the previous week and outlook for the coming week. Trade idea generation and approval of investments decisions of the Ghana Petroleum Funds Secretariat takes place during these meetings.