Public Interest Accountability Committee

News

ACEP opposes hedging, wants stabilization fund fortified
19th June 2017

The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s...

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Hedge Ghana’s oil to protect economy from shocks – PIAC
18th June 2017

The Public Interest and Accountability Committee (PIAC) has impressed on the Bank of Ghana and Finance Ministry to target hedging Ghana’s oil reserves to protect the economy from massive revenue losses due to declining global oil prices. In...

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TEN gas fritters away…whilst US$950m required for fuel this year
19th June 2017

Gas from the Tweneboa, Enyenra and Ntomme (TEN) field is being flared due to pipeline infrastructure delays, similar to the delays that characterised the evacuation of gas from the jubilee field. Meanwhile, an estimated US$952million is required...

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Use oil revenues on fewer road projects - PIAC urges govt
19th June 2017

The Public Interest and Accountability Committee (PIAC) has repeated its call on the government to use oil revenues on fewer projects, especially in the road sector, to ensure timely completion of the projects. According to PIAC, which is the...

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Ghana: How Ten Field Stayed Ghana Crude Oil Decline
20th June 2017

Crude Oil production recorded a decline of 13 per cent in 2016 despite the fact that Ghana's second major oil production field, the Tweneboa-Enyenra-Ntomme (TEN) Field came on stream. The TEN Field came on stream in August 2016 and actually...

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Jubilee Shutdown Cuts Production By 40 percent
16th June 2017

Last year’s shutdown of the Jubilee Field reduced Ghana’s oil and gas production by 40%, a report by the Public Interest Accountability Committee (PIAC), has revealed. According to the report, there was a 13.7% year-on-year decline in...

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