Public Interest Accountability Committee

News

PIAC KICKS AGAINST COLLATERALISATION OF OIL REVENUE
4th September 2020

The Public Interest and Accountability Committee (PIAC) has warned against the use of oil revenue as collateral for government borrowing, arguing that the practice could prevent the country from making the most of its hydrocarbon resources. The...

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COMPEL MOF TO ACCOUNT FOR UNUTILIZED ABFA FUNDS – PIAC TO PARLIAMENT
4th September 2020

The Public Interest and Accountability Committee (PIAC) has described the Ministry of Finance’s inability to account for unutilized funds in the Annual Budget Funding Amount (ABFA) as...

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PIAC, EOCO INVESTIGATE INFRACTIONS OF PETROLEUM REVENUE MANAGEMENT ACT
2nd September 2020

The Public Interest and Accountability Committee (PIAC) has started working with the Economic and Organised Crimes Office (EOCO) to investigate some infractions of the Petroleum Revenue Management Act, 2011 (PRMA Act 815). This is because in the...

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PETROLEUM FUNDS MUST IMPROVE HEALTH SERVICE DELIVERY - PIAC
1st September 2020

The Public Interest and Accountability Committee (PIAC) has asked the Government to increase the disbursement of petroleum revenue allocated to the health sector through the Annual Budget Funding Amount (ABFA). It said the GHS68million allocated...

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GOVT FAILS TO ALLOCATE FUNDS TO GIIF FOR SECOND YEAR RUNNING – PIAC
1st September 2020

For the second conservative year, the government has not made any allocation from the Annual Budget Funding Amount (ABFA) to the Ghana Infrastructure Investment Fund (GIIF) despite the Fund raking in 5.5 million dollars returns on its investment in...

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PERSISTENT BREACHES OF PETROLEUM REVENUE LAWS BAFFLE PIAC
1st September 2020

The Public Interest and Accountability Committee (PIAC) has said it is dismayed at the manner in which petroleum revenues are being utilised, warning that aspirations of transforming the economy using oil will not materialise, if nothing is done...

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