Public Interest Accountability Committee

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TULLOW’S TROUBLES SHAKE INVESTOR TRUST AND RAISE PROSPECT OF SALE
10th December 2019

When Tullow Oil pushed out its chief executive and head of exploration on Monday, slashing its production forecasts and scrapping its dividend in the process, its board knew it would have to face the wrath of disappointed investors. But they...

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TULLOW OIL CEO STEPS DOWN; SCRAPS DIVIDENDS ON GHANA PROBLEMS
10th December 2019

Tullow Oil Plc on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its main producing assets in Ghana. The company has been...

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REVIEW LAW TO DEFINE GNPC’S MANDATE - PIAC REPORT
5th November 2019

The Public Interest and Accountability Committee (PIAC) has recommended the review of the Ghana National Petroleum Corporation (GNPC) Act, 1983 (PNDCL 64) to better define the mandate of the national oil. This is because some of the functions...

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GNPC ‘HOT’ OVER PLANNED SPONSORSHIP, DONATIONS WORTH OVER GH¢2M
5th November 2019

The Ghana National Petroleum Corporation (GNPC) has come under criticism over the budget of about GH¢ 2 million for donation and sponsorship of some public functions. An internal memo sighted by Citi News showed that various amounts were...

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GNPC JUSTIFIES Ghc2M SPONSORSHIP PACKAGE FOR OKYENHENE’S ANNIVERSARY, OTHERS
5th November 2019

The General Manager-in-charge of Sustainability at the Ghana National Petroleum Corporation (GNPC), Dr. Kwame Baah Nuarko has justified the organization’s planned spending of over GH¢ 2 million on sponsorships and donations to external...

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KEEP AN EYE ON GNPC TO CHECK ‘WASTEFUL’ EXPENDITURE – PIAC TO PARLIAMENT
5th November 2019

The Public Interest and Accountability Committee (PIAC), has asked Parliament to immediately step in and put a cap on the Ghana National Petroleum Corporation’s (GNPC) Corporate Social Investment. PIAC fears GNPC may veer off its core...

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