Public Interest Accountability Committee

News

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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SUPPORT HEALTH SECTOR WITH MORE OIL REVENUE – PIAC TO GOVERNMENT
28th August 2020

The Public Interest and Accountability Committee (PIAC) is calling on government and the Ministry of Finance to ensure efficiency in the use of petroleum revenue meant to fund projects under the health sector. According to PIAC, government has...

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PIAC WANTS PETROLEUM FUNDS INVESTED IN DIVERSIFIED INSTRUMENTS
24th August 2020

The Public Interest and Accountability Committee (PIAC) wants the country to move from investing petroleum funds in only low-risk Instruments to a mixture of both high and low. This, along with diversifying place of investment – mostly the...

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ADDRESS DISCRETIONARY LOOPHOLE IN CAPPING STABILISATION FUND- PIAC
21st August 2020

The Public Interest and Accountability Committee (PIAC) has said there is a loophole in allowing the Minister for Finance to place a cap on the Ghana Stabilisation Fund (GSF) at his or her discretion as necessitated by macroeconomic conditions;...

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