Public Interest Accountability Committee

News

WRONGFUL PETROLEUM HOLDING CASH PAYMENTS TO GRA UNACCEPTABLE – PIAC
6th November 2018

The Public Interest and Accountability Committee (PIAC), is unhappy over what it describes as wrongful payment of millions of dollars meant for the Petroleum Holding Fund (PHF) into accounts of the Ghana Revenue Authority. According to PIAC, over...

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PIAC AND POTENTIAL ‘SWEEP’ OF PETROLEUM FUNDS - DOES TREASURY ACCOUNT TYPE MATTER?
2nd November 2018

The Public Interest and Accountability Committee (PIAC) has started a debate on the use of oil revenues and the integrity of the Petroleum Revenue Management Act, 2011 (Act 815) (PRMA). It follows a Ministry of Finance (MoF) response to a...

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TERKPER CRITICISES USE OF PETROLEUM FUNDS - SUPPORTS PIAC’S STANCE
2nd November 2018

A former Minister of Finance, Mr Seth Terkper, has disagreed with the government’s explanation that the recently discovered discrepancies in the allocation of petroleum revenues were due to the movement of the funds between the Treasury Single...

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PIAC TO TAKE ACTION AGAINST FINANCE MINISTRY OVER ‘MISSING’ ¢400M OIL CASH
17th October 2018

The Public Interest and Accountability Committee (PIAC), has accused the Ministry of Finance for failing to account for over ¢403. 74 million revenue from the annual budgetary allocation from oil revenues. According to PIAC, they are...

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PIAC DEMANDS BETTER PARTICULARS ON ‘UNACCOUNTED’ GHȻ403 MILLION OIL MONEY
17th October 2018

The Public Interest and Accountability Committee (PIAC) has stated that the Finance Ministry has on countless occasions refused to present the committee with information regarding allocation and expenditure of the Annual Budget Funding Account...

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DORMANT OIL BLOCKS: PETROLEUM COMMISSION TO RECOMMEND REVOCATION OF LICENSES
17th October 2018

The Petroleum Commission has sent a signal to the oil and gas exploration companies on the Jubilee and TEN fields that it will soon recommend an action to be taken on dormant oil blocks. According to the Commission, out of about 17 oil blocks...

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