Public Interest Accountability Committee

News

PIAC Raises Concerns Over Petroleum Revenue Management
16th January 2018

Kwame Jantuah, Vice Chairman of the Public Interest Accountability Committee (PIAC), has indicated that Ghana's petroleum revenue has been used to address many problems in the country simultaneously instead of investing in the four priority...

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The headaches of decommissioning oil installations – Is Ghana ready?
3rd January 2018

The West Africa coast has undoubtedly a long and rich oil industry history spanning many decades. It is however pitiable that most energies have been trained on just getting the oil out as it yields quick and ready money, while a relatively...

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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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