Public Interest Accountability Committee

News

ALL BARK AND NO BITE: PIAC AS A WATCHDOG
13th June 2018

The Petroleum Revenue Management Act (PRMA) which was enacted in 2011 and amended in 2015 has as its object: “to provide the framework for the collection, allocation and management of petroleum revenue in a responsible, transparent,...

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PIAC AND ITS EFFORTS TOWARDS OIL FUNDED PROJECTS IN GHANA
11th June 2018

The Public Interest and Accountability Committee [PIAC] is a body established under the Petroleum Revenue Management Act (Act 815) 2011. To ensure its independence and effectiveness, it draws its membership from thirteen non-governmental bodies...

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SANKOFA GAS PRICE TO BE REVIEWED ...AS PRODUCTION BEGINS JUNE 26
7th June 2018

There are indications government will renegotiate the headline price of an estimated US$9.8/MMBtu for gas from  the Sankofa Field – but it does not look like this will be done before production officially commences on June...

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GNPC-ROSNEFT SIGN 12-YR GAS SUPPLY AGREEMENT
7th June 2018

The Ghana National Petroleum Corporation (GNPC) has signed a 12-year agreement with Rosneft, a Russian firm, for the supply of natural gas to Ghana. The supply contract is a hybrid Liquefied Natural Gas (LNG)/gas supply agreement, wherein Rosneft...

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OIL MONEY SCHOOL PROJECT STALLS FOR 6 YEARS - LACK OF FUNDS TO BLAME
6th June 2018

A six-unit classroom block for Apenten Presbyterian Primary School at Akenten in the Sene West district of the Brong Ahafo Region – partly supported with funds from the oil revenue – remains uncompleted 6 years after the contract was...

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AGRIC NEEDS MORE OIL CASH – PIAC
6th June 2018

Since commercial oil production in the country started in 2010 through to 2017, a total of US$4.009billion has been realised. Of the amount, GH¢357,063,440 was invested in modernisation of agriculture from 2011 to 2016. Although government...

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