Public Interest Accountability Committee

News

Terkper pins hopes on Sinking Fund
17th November 2017

Finance Minister, Seth Terkper, has said the Sinking Fund created last year is playing a critical role in deepening liquidity and bringing down interest rates on government’s bonds. In a very buoyant mood, Mr. Terkper noted that the...

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Stabilisation Fund reaches all-time low…faces collapse
17th June 2017

Government’s consistent lowering of the cap on the Ghana Stabilisation Fund (GSF) could ultimately defeat the purpose for which the Fund was set up, with monies in the Fund expected to reach an all-time low this year. Cap on the fund was...

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Ghana’s 3rd FPSO to arrive in March 2017 – ENI
10th November 2016

Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017. This is the indication from the Managing Director of ENI Ghana, Fabio...

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Government spends over 3.6 million on re-branding of Metro Mass buses
20th June 2017

An amount of 3, 649, 004 Ghana Cedis of oil funds allocated for the re-branding of Metro Mass Rapid Transit buses generated huge controversy in Parliament yesterday. Minority Leader, OseiKyei-Mensah-Bonsu says the allocation is unacceptable and a...

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Oil Sinks below $30 as Traders Fear Tidal Wave of Iranian Oil
20th January 2016

Oil prices briefly dipped below $30 per barrel this week as the depressed market continues. Market watchers seemed to be competing with each other to see who could publish the lowest prediction for oil prices, with Standard Chartered raising the...

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Define capacity building in oil sector: PIAC, ACEP urge government
19th January 2016

The Public Interest and Accountability Committee (PIAC) has criticised the government over its inability to clearly define its capacity building priority area in the oil sector, for which funds are allocated from oil revenues. This the committee...

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