US$2.1M SURFACE RENTAL OIL REVENUE STILL IN ARREARS – PIAC The Public Interest and Accountability Committee (PIAC) has indicated that surface rental payments to the state remain in arrears to the tune of US$2.1million for the year ending 2020. According to the Committee in its statutory annual report,...
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ENI, SPRINGFIELD IMPASSE: …PIAC CALLS FOR INDEPENDENT REASSESSMENT OF FIELDS The Technical Manager of the Public Interest and Accountability Committee (PIAC), Mark Agyemang, has asked the parties involved in the Eni and Springfield unitisation directive to come to the negotiation table and appoint an independent...
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US$6.5BN FROM OIL IN 10YRS BUT NOTHING TO SHOW – PIAC, CSOS The country has realised US$6.5billion in revenue from oil production over the past 10 years but has nothing monumental to show, according to state oil revenue watchdog Public Interest and Accountability Committee (PIAC) and Civil Society...
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PIAC ADVOCATES LONG-TERM NATIONAL DEVT PLAN TO GUIDE PETROLEUM REVENUE SPENDING The need for a long-term national development plan (LTNDP) to guide the spending of revenue from the country’s oil sources is now or never, the Public Interest Accountability Committee (PIAC) has said. According to the committee, the...
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PIAC CALLS FOR PROPER TARGETING OF ANNUAL BUDGET FUNDING AMOUNT The Public Interest and Accountability Committee (PIAC) has called for conscious efforts to ensure better targeting of the Annual Budget Funding Amount (ABFA) allocation for maximum impact. It said assessment of the management and utilisation of...
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NON-UTILISATION OF FULL ANNUAL BUDGET FUNDING AMOUNT FOR PETROLEUM SECTOR WORRYING – PIAC Ghana’s petroleum revenue watchdog, the Public Interest and Accountability Committee (PIAC) has expressed concern over the persistent non-utilisation and unaccounting of the full Annual Budget Funding Amount. (ABFA) According to the latest...
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