Public Interest Accountability Committee

News

PIAC URGES TIMELY DISBURSEMENT OF OIL REVENUES FOR PROJECTS
17th July 2020

The Public Interest and Accountability Committee (PIAC) has urged government to disburse oil revenues earmarked for projects, rather than accumulating it over time. According to the Committee, which has oversight responsibility over the prudent...

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PIAC PROPOSES AMENDMENT TO THE PETROLEUM REVENUE MANAGEMENT ACT
16th July 2020

The Public Interest and Accountability Committee (PIAC) has recommended an amendment to the Petroleum Revenue Management Act (PRMA) to remove the ministerial discretion in the allocation of excess revenue over the Ghana Stabilisation Fund (GSF)...

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PIAC DEMANDS ACCOUNTABILITY FOR GH₵ 1.5 BILLION UNUTILISED ABFA FROM FINANCE MINISTRY
14th July 2020

The Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for a GH₵1. 5 billion unutilised funds in the Annual Budget Funding Amount (ABFA) for 2019. The ABFA is the portion of...

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LIQUIDITY CRUNCH STARES AT GNPC AS CSR, NON-CORE EXPENSES DRAIN CASH FLOWS
8th July 2020

A liquidity scare is staring the Ghana National Petroleum Corporation (GNPC) in the face after increased spending on corporate social responsibility and other non-core expenses reduced the firm’s ability to smoothly take up its share of...

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COMPEL FINANCE MINISTRY TO ACCOUNT FOR UNUTILISED FUND — PIAC
6th July 2020

THE Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for unutilised funds in the Annual Budget Funding Amount (ABFA). The ABFA is the portion of petroleum revenues earmarked...

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PIAC URGES PARLIAMENT TO RESTRICT GNPC’S SPENDING ON CSR
3rd July 2020

The Public Interest Accountability Committee, PIAC, has reiterated its call on Parliament to put some restrictions on the Ghana National Petroleum Corporation’s budget allocated to Corporate Social Investments. At the launch of the 2019...

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