Public Interest Accountability Committee

News

DORMANT OIL BLOCKS: PETROLEUM COMMISSION TO RECOMMEND REVOCATION OF LICENSES
17th October 2018

The Petroleum Commission has sent a signal to the oil and gas exploration companies on the Jubilee and TEN fields that it will soon recommend an action to be taken on dormant oil blocks. According to the Commission, out of about 17 oil blocks...

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PIAC BARES TEETH AT GOVERNMENT OVER ‘MISSING’¢400M OIL CASH
17th October 2018

The Public Interest and Accountability Committee (PIAC) has bared its teeth at the Ministry of Finance for consistently failing to respond to questions regarding GH¢403.74 million being the unutilised portion of the Annual Budget Funding Amount...

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CRUDE OIL PRICES HIT 4-YEAR HIGH
13th October 2018

Crude oil prices reached a four-year high in the week ending October 5, prompting calls for the government to remove some taxes on finished petroleum products in order to mitigate the pressure on citizens occasioned by the expected increases in...

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FINANCE MINISTRY DENIES GH¢403.7M ABFA FUNDS ‘MISSING’
13th October 2018

The Ministry of Finance has set the record straight on recent media reports that suggested it could not account for GH¢403.7 million petroleum revenues specifically the ABFA funds. The Ministry said the Petroleum Revenue Management Act...

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PIAC CONDEMNS MISUSE OF GOVERNMENT FUNDS
10th October 2018

Dr Steve Manteaw, Chairman of Public Interest and Accountability Committee (PIAC), has bemoaned the misappropriation of funds allocated by government for developmental projects. Dr Manteaw said the misappropriation of state funds, non-existent...

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STATE INSTITUTIONS SHOULD OWN SHARES IN OIL BLOCKS — PIAC
10th October 2018

The Public Interest and Accountability Committee (PIAC) has called on the government to allow state institutions with the financial muscle to own shares in oil blocks acquired by foreign companies in the country. The committee said it was becoming...

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