Public Interest Accountability Committee

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Parliament proposes amendments to PRMA
15th December 2017

Parliament has proposed new amendments to the Petroleum Revenue Management Act (PRMA) to enable government focus on four priority areas instead of placing oil revenue into the Annual Budget Funding Amount. According to them, the current...

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Spend oil proceeds within expectations of the law, Government urged
7th December 2017

Mr Ishmael Ejekumhene, the Executive Director of the Kumasi Institute of Technology and Environment (KITE), has called on government to stick to regulations governing the spending of oil proceeds as passed by parliament. He said a strict...

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BREAKING: OPEC Agrees To 9-Month Extension Of Oil Production Deal
7th December 2017

OPEC talks ended in Vienna on Thursday with an agreement to extend the production cut deal through the end of 2018, a delegate told Reuters. According to earlier reports, while extending to end-2018, the cartel was said to have agreed to review...

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Gh₵1.5 Billion Petroleum Revenues To Fuel 2018 Budget
7th December 2017

Government has projected to spend GHȻ 1.5 billion Ghana Cedis of Petroleum revenues to support the 2018 budget. This is in accordance with the dictates of the Petroleum Revenue Management Act, PRMA. The PRMA requires that not more than 70...

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Government urged to establish independent body for mining revenue management
7th December 2017

Government is being urged to establish an independent body to promote transparency and accountability in the minerals mining sector. Government revenues from mining have declined and being surpassed by income from oil and gas despite over 100...

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Kwame Nkrumah FPSO to be closed down for repairs work in 2018 – Boakye Agyarko
24th November 2017

The Minister for Energy, Boakye Agyarko has revealed that the long challenge turret barring the Kwame Nkrumah FPSO will be fixed by 2019. The 2016 Public Interest and Accountability Committee (PIAC) report indicated that the hold in oil...

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