Solicitation of Information from the General Public: 2016 Annual Report
The Public Interest and Accountability Committee (PIAC) is a citizens-led statutory body established under Section 51 of the Petroleum Revenue Management (PRMA) Act (Act 815), as amended (Act 893) to provide an independent oversight over the collection, allocation and utilisation of Ghana’s petroleum revenues. The Accountability Committee has three main objectives as outlined in the PRMA which include to:
1. monitor and evaluate compliance with the Act by government and relevant institutions in the management and use of petroleum revenues and investments;
2. provide space and platform for the public to debate on whether spending prospects and management and use of revenues conform to development priorities as provided under section 21 (3); and
3. provide independent assessment on the management and use of petroleum revenues to assist Parliament and the Executive in the oversight and the performance of related functions.
Statutorily, PIAC is required by Act 815 to produce two separate and independent assessments in the form of reports (a semi-annual and an annual) on how efficient, transparent and accountable petroleum revenues are managed by the government and relevant institutions. These reports are shared with the Government, Finance, Public Accounts and Mines & Energy Committees of Parliament, relevant stakeholders, CSOs, the media, political parties, development partners, and the citizenry.
The data sources for these reports are called for by PIAC primarily from the following stakeholders: the Ministry of Finance (MoF), Bank of Ghana (BoG), Petroleum Commission (PC), Ghana National Petroleum Corporation (GNPC), Ghana National Gas Company (GNGC), Ghana Revenue Authority (GRA) and the International Oil Companies (IOCs).
As part of the Committee’s continuous effort to diversify its data sources and include the citizenry in the reporting process, and in order to make their views and suggestions reflect the final report, PIAC by this notice would like to inform the general public of the compilation of its 2016 Annual Report on the management of petroleum revenues in 2016.
The public is hereby requested to send in comments, concerns , recommendations, and general information that pertains to the governance and management of petroleum revenues in Ghana for the year 2016.
Mode of Submission of Information:
To enable us meet our statutory reporting deadline of 15 March, the Committee shall be grateful to receive all information latest by 17 February via any of the following addresses:
Public Interest and Accountability Committee (PIAC)
P.O. Box CT 9807
Tel: +233 302 242 006
Physical Location: No. 4 Cotton Street, Kokomlemle – Accra
Envelope and/or email subject line: PIAC 2016 Annual Report.
Thank you for your co-operation with PIAC.