Public Interest Accountability Committee

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PIAC WANTS OIL REVENUE SPENDING ALIGNED WITH NATIONAL DEV’T PLAN
12th May 2021

The Public Interest and Accountability Committee (PIAC), Ghana’s petroleum revenue watchdog, has reiterated the need for a long-term national development plan to guide the spending of petroleum revenues. The committee said the current...

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TIME TO ADDRESS PETROLEUM REVENUE MANAGEMENT CHALLENGES - PIAC
11th May 2021

The Public Interest and Accountability Committee (PIAC) has said that 10 years is ripe for the country to do an introspection of how it has managed revenues from its oil resource. Although PIAC has over the years raised critical issues relating...

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GNPC’S NON-CORE ACTIVITIES COULD DERAIL GROWTH PLANS — PIAC
10th May 2021

The Technical Manager of the Public Interest and Accountability Committee (PIAC), Mark Agyemang, has said the national oil company, Ghana National Petroleum Corporation (GNPC), will struggle to become independent if it continues to engage in...

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FIN. MIN. HAS NOT PAID US$50M DEBT TO GNPC — PIAC
7th May 2021

The Ministry of Finance has still not repaid a US$50m loan it took from the Ghana National Petroleum Corporation (GNPC) in 2013 for the construction of the Western corridor roads. The money, which was originally expected to be repaid in three...

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PIAC ALARMED AT US$843M POWER UTILITIES DEBT TO GHANA GAS
29th April 2021

The Public Interest and Accountability Committee (PIAC) has expressed concern over an amount of US$843million owed Ghana National Gas Company (GNGC) by power utilities, lamenting that the situation denies the Ghana Petroleum Funds of much needed...

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FOR OIL TO DELIVER PROSPERITY, THERE MUST BE LONG-TERM DEV’T PLAN – PIAC
26th April 2021

If the country is to use its petroleum resources to achieve economic growth and transformation, there must be a long-term national development plan, the Public Interest and Accountability Committee (PIAC) – a state watchdog on oil revenue...

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