Public Interest Accountability Committee

News

ALLOW US TO EXCLUDE GAS REVENUES WORTH $181M FROM PETROLEUM REVENUES – MINISTER
16th November 2018

The Ministry of Finance has proposed to Parliament to allow it to exclude gas revenues to the tune of $181.80 million from the projected petroleum revenues for 2019, while it devises ways of getting the Volta River Authority (VRA) to pay for the gas...

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ACEP CAUTIONS GOIL ON EXXON MOBIL DEAL
16th November 2018

The Africa Centre for Energy Policy (ACEP) has cautioned the Ghana Oil Company Limited (GOIL) to ensure that it puts in place the necessary measures to absorb any risk that may arise from its partnership with Exxon Mobil. GOIL is set to become...

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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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