Public Interest Accountability Committee

News

10 yrs after oil discovery, PIAC member laments nation's failure in properly managing resource
23rd June 2017

Co-chair of the Ghana Extractives Industry Transparency Initiative (GHEITI) Dr. Emmanuel Steve Asare Manteaw, who is also a member of the Public Interest and Accountability Committee (PIAC), has said the inability of the country to properly sequence...

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Ghana Gas confused about VRA debt – PIAC
20th June 2017

The Public Interest and Accountability Committee (PIAC) has said the Ghana National Gas Company (Ghana Gas) is confused about how much power producer Volta River Authority (VRA) is indebted to the state gas company. Ghana Gas, in a press...

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ACEP opposes hedging, wants stabilization fund fortified
19th June 2017

The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s...

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Hedge Ghana’s oil to protect economy from shocks – PIAC
18th June 2017

The Public Interest and Accountability Committee (PIAC) has impressed on the Bank of Ghana and Finance Ministry to target hedging Ghana’s oil reserves to protect the economy from massive revenue losses due to declining global oil prices. In...

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TEN gas fritters away…whilst US$950m required for fuel this year
19th June 2017

Gas from the Tweneboa, Enyenra and Ntomme (TEN) field is being flared due to pipeline infrastructure delays, similar to the delays that characterised the evacuation of gas from the jubilee field. Meanwhile, an estimated US$952million is required...

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Use oil revenues on fewer road projects - PIAC urges govt
19th June 2017

The Public Interest and Accountability Committee (PIAC) has repeated its call on the government to use oil revenues on fewer projects, especially in the road sector, to ensure timely completion of the projects. According to PIAC, which is the...

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