Public Interest Accountability Committee

News

Over US$74,000 spent on idle Saltpond Oil Field
19th December 2017

The idle Saltpond Oil Field is said to be heavily draining the country’s oil revenues. For instance, in the first six months of the year alone, about US$74,192.57 is reported to have been spent on the payment of the emoluments of skeletal...

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Careless handling of petroleum funds worrying
18th December 2017

Investment policy guidelines missing Investment Advisory Committee absent BoG tightlipped over ‘ poor’ investment returnS In deciding  which models to adopt in managing its petroleum industry, Ghana hurried to Norway, a...

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Parliament approves 2016 PIAC report
15th December 2017

Parliament on Monday approved the 2016 annual report of the Public Interest and Accountability Committee (PIAC) on the Management of Petroleum Revenues, with a call on the Volta River Authority (VRA) to settle its debt for gas supplied to it by the...

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GH¢83m Oil Cash Built No Capacity
18th December 2017

Investigations carried out by Business Finder into the use of some GH¢83million from Ghana’s petroleum revenues by the Scholarship Secretariat in 2016 have revealed that the oil funds were misused. Our checks revealed that the funds...

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Govt cuts back expenditure on health, roads
30th November -0001

Government is yet to disburse some GH¢305.27 million outstanding allocation to the Annual Budget Funding Amount for the first half of 2017. According to the Public Interest and Accountability Committee (PIAC), even though the ABFA received...

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PIAC criticizes Finance Minister for breaching petroleum laws
18th December 2017

The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori...

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