PIAC LAUNCHES SIMPLIFIED VERSION OF 2022 ANNUAL REPORT

The Public Interest and Accountability Committee (PIAC) has launched the “Citizens Version” of its statutory 2022 annual report on the management and use of petroleum revenues.

The initiative is part of efforts to simplify and disseminate information to equip citizens with the needed knowledge for advocacy and decision-making.

The first edition of the document which was launched on Tuesday provides summarised and comprehensive information, which otherwise was regarded voluminous and technical in the original 2022 Annual Report.

It entails petroleum production and sales statistics, petroleum utilisation, collection and allocation of petroleum revenues, distribution, and utilisation of the Annual Budget Funding Amount (ABFA) among other areas.

Professor Nana Susubribi Krobea Boaten (S. K. B.) Asante, the Paramount Chief of Asante Asokore and the former President of the Ghana Academy of Arts and Sciences, launched the 60-page document at a brief ceremony.

Emerita Professor Elizabeth Ardayfio-Schandorf, the Chairperson of PIAC, said the “Citizens Version” reflected the Committee’s commitment to promoting transparency and accountability which was crucial for prudent financial management.

“We believe that getting the public informed is the foundation of a transparent and accountable governance structure for our petroleum revenues” she said.

Ms Kathleen Addy, the Chairperson of the National Commission for Civic Education (NCCE), observed that participation in governance had become tedious for citizens due to lack of information to make informed comments and decisions on national issues.

The introduction of the simplified version of the PIAC 2022 Annual Report would go a long way to help the NCCE in civic education.

“It is hoped that this model will be adopted by other institutions to ensure that they have reports that citizens can learn from and engage with” she said.

Dr Steve Manteaw, former Chairperson of PIAC, encouraged the government to be savvy of trends and changes within the upstream petroleum sector to ensure the country was not left behind in the energy transition phase.

SOURCE: GHANA NEWS AGENCY

Previous LAUNCH OF CITIZENS’ VERSION OF PIAC REPORTS

Be Updated with Us

Subscribe

* indicates required

Intuit Mailchimp

Location: 13 Nii Amon Kotey Street, East Legon

All Rights Reserved - PIAC 2023