THE Public Interest and Accountability Committee (PIAC), has unveiled its new logo and aredesigned website with an integrated data dashboard. The introduction of these tools is in a bid to present the general public with the requisiteinformation and fulfil its mandate of ensuring transparency and accountability in petroleumrevenue management. The Vice Chairman of the Committee, […]
A Deputy Finance Minister, Dr John Kumah, has urged the Public Interest and AccountabilityCommittee (PIAC) to spearhead the call for a revision of existing petroleum agreements so thatGhana can benefit more from its oil production.He stated that while the government was keen on increasing the country’s stake in theextractive sector, it had interest and limitations […]
A deputy Minister of Finance, Dr John Kumah, has called on the Public Interest andAccountability Committee (PIAC), to lead an advocacy to increase interest in crude oilexploration in the country.He said such a campaign by PIAC, which was in line with its mandate, could help improve thenation’s oil production from about 10 per cent to […]
A Deputy Minister of Finance, Dr John Kumah, has urged the Public Interest and AccountabilityCommittee (PIAC) to be relentless in its advocacy on the prudent management and use ofGhana’s petroleum revenue. While commending the Committee for its push for transparency and accountability over thelast 12 years, he said, the government would continue to support its […]
Ghana’s petroleum revenue watchdog, the Public Interest and Accountability Committee (PIAC)has launched a new identity with the introduction of a new logo, a data dashboard and aredesigned website. PIAC, which is the statutory body with oversight responsibility for the management and use ofGhana’s petroleum revenues, said the decision to upgrade its communications channels ishinged on […]
The Public Interest and Accountability Committee (PIAC) has made a clarion call for the country to expedite processes to reverse declining crude oil production – warning that revenues from the sector will drop if nothing is done. The PIAC, a public watchdog over use and management of petroleum revenue, also cautioned that multi-billions worth of […]
Ghana’s annual crude oil production has declined from 55.05 million barrels (bbl) in 2021 to 51.7 million bbl in 2022, representing a 5.98% decrease. The 2022 actual output represents 87% of the 2022 Benchmark crude oil output of 59.51 million barrels. The relatively lower production volume in 2022 was due to reduced production on the […]
Ghana’s annual crude oil production has declined from 55.05 million barrels (bbl) in 2021 to 51.7 million bbl in 2022, representing a 5.98% decrease. The 2022 actual output represents 87% of the 2022 Benchmark crude oil output of 59.51 million barrels. The relatively lower production volume in 2022 was due to reduced production on the […]
Surface Rental Arrears owed by International Oil Companies (IOCs) operating in Ghana increased from US$2.58 million in 2021 to US$2.77 million in 2022, representing a 7.6 per cent increase Of the figure owed by 10 IOCs, US$1.80 million, representing 65 per cent is owed by four of them— Sahara Energy Fields, Swiss African Oil Company […]
The Public Interest and Accountability Committee (PIAC) has praised the government for allocating a considerable portion of petroleum earnings to the improvement of the country’s road infrastructure in 2022. According to PIAC, out of the Annual Budget Funding Amount (ABFA) of GH¢3,829.9 million for the year 2022, GH¢3,103.81 million, representing 70.35%, was used for the […]
