Public Interest Accountability Committee

News

PIAC BLAMES MOFEP FOR ITS INABILITY TO MEET REPORT TIMELINES
9th January 2019

The Public Interest and Accountability Committee (PIAC) has cited the Ministry of Finance and Economic Planning (MoFEP) as the reason behind the delay in their publication of the Semi-Annual Report, on the management of petroleum revenues for the...

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NO PAYMENTS INTO PETROLEUM HOLDING FUND DESPITE $46M REVENUE IN 2018
9th January 2019

The Public Interest and Accountability Committee (PIAC) has revealed that although Ghana National Gas Company (GNGC) made proceeds to the tune of over $46 million in 2018, this did not reflect in the Petroleum Holding Fund (PHF). PIAC in its...

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NO DATA ON ABFA EXPENDITURE IN PIAC REPORT
9th January 2019

The Public Interest and Accountability Committee, PIAC, is demanding sanctions for institutions that delay in submitting data for its reports. The Committee which has oversight responsibility in the management of petroleum revenue maintains that...

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LOCAL PARTNER IN EVERY OIL BLOCK PROVES A TOUGH CALL
11th December 2018

The deep-water exploration contract government recently signed with oil major ExxonMobil posed a real test to the Petroleum Exploration and Production (E&P) Law; and although GOIL was eventually selected to take up the mandatory 5 percent...

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US$5M DRONES DEAL …ACEP WARNS OF CREATION OF A SLUSH FUND
11th December 2018

The Ghana National Petroleum Corporation (GNPC) must not commit US$5million of its funds over a five-year period to government’s US$12million Zipline drones deal – an activity entirely outside its core mandate – because of...

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GHANA-TOGO DELIBERATE ON MARITIME BOUNDARY FOR OIL BLOCKS
5th December 2018

Government is hoping to reach an amicable agreement with the Togolese government on the Ghana-Togo Maritime Boundary demarcation. This is the third time the two countries are meeting to properly demarcate the boundaries which is suspected to hold...

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