Public Interest Accountability Committee

News

Return on investment of Ghana heritage fund declines
17th February 2017

Return on investment of Ghana’s Heritage Fund recorded a decline in the second half of 2016 as compared to the first half of the same year. A report released by the Bank of Ghana on the performance and activities of the Petroleum Holding...

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Free SHS: Don’t use Heritage Fund – ISODEC warns
17th February 2017

A policy analyst at the Integrated Social Development Center (ISODEC), Dr. Steve Manteaw has kicked against government’s move to fund the free Senior High School policy from the Heritage Fund.  He argued that it is unwise to spend the...

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Heritage Fund to be used in financing free SHS - Osafo Maafo
14th February 2017

Senior Minister has hinted that government would review the Heritage Fund Component in the Petroleum Management Act in order to use the proceeds to finance its Free Senior High School (SHS) policy. According to Dr. Yaw Osafo Maafo, the...

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Duffour chides previous govt over oil cash investment
15th February 2017

A Former Governor of the Bank of Ghana(BoG) Dr. Kwabena Duffour has criticized the erstwhile John Mahama government for investing the proceeds from the Heritage Fund into short term instruments. According to him, such a move defeats the purpose...

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Ghana to rake in $2.3bn annually from Sankofa gas project
20th December 2016

New figures released by the International Finance Corporation (IFC)   has projected that the Sankofa Gye Nyame Oil  and Gas  field will generate about $2.3 billion in revenues for the government of Ghana annually . The field...

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NPP gov’t should pursue misappropriation of oil revenue – PIAC
16th December 2019

The Public Interest and Accountability Committee (PIAC) wants the Nana Akufo Addo led administration to demonstrate its willingness to enforce the Petroleum Revenue Management Act (PRMA) and give value for money. In PIAC’s view, its work...

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