Public Interest Accountability Committee

News

GHANA PRODUCES 29 MILLION BARRELS OF OIL IN FIRST HALF OF 2018 – PIAC
10th January 2019

Ghana has produced a total of 28,982,050 barrels (bbls) of oil from three offshore producing fields, the new report of the Public Interest and Accountability Committee (PIAC) says. According to the report covering the period from January to June...

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GOV’T BREACHING PRMA BY REFUSING TO RECONSTITUTE IAC
10th January 2019

The Public Interest and Accountability Committee (PIAC) has said the failure of the government to reconstitute the Investment Advisory Committee (IAC), exactly two years after coming into office, despite repeated calls to do so, contravenes the...

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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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