Public Interest Accountability Committee

News

REVERSE FLOW OF GAS FROM TAKORADI TO TEMA COMPLETED – GNPC
8th August 2019

The Ghana National Petroleum Corporation (GNPC) has announced the completion of the initial phase of the project (Takoradi scope) to reverse flow gas from the Western region of Ghana to the Tema power enclave. The project is being financed by the...

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PROSECUTE PEOPLE WHO MISUSE OIL MONEY – OGUAMANHENE
8th August 2019

The Omanhene of Ogua Traditional Area, Osabirima Kwesi Atta II, has called on the Public Interest and Accountability Committee (PIAC) to seek the prosecution of those who violate the petroleum revenue regulations, in order to ensure judicious use of...

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PARLIAMENT APPROVES PIAC REPORT
8th August 2019

The report, among others is to provide oversight and monitoring of the management of the petroleum revenues. Dr Mark Assibey-Yeboah, Chairman of the Finance Committee who presented the committee’s report noted that the statement satisfied...

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PIAC INDICTS GOV’T OF MISAPPROPRIATING $700M OIL MONEY
24th July 2019

The Public Interest and Accountability Committee (PIAC) has accused the government misappropriating some US$700million from the oil stabilisation fund. The oversight group noted the reckless action of government has breached Section 9(2) of the...

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OIL HERITAGE FUND ACCUMULATES ABOUT US$ 500 MILLION - PIAC
15th July 2019

Ghana’s oil revenue inflow into the Heritage Fund has reached US$485,172,436.04 as at 2018, seven years after the country commenced commercial production of crude oil. The nation’s Petroleum Revenue Management Act (PRMA) 2011, set the...

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NO OIL CASH ALLOCATED TO INFRASTRUCTURE FUND – PIAC
15th July 2019

Despite realising over US$977million from a record volume of crude oil production in 2018, there was no allocation to the Ghana Infrastructure Investment Fund (GIIF) – contrary to provisions of the Petroleum Revenue Management Law. The...

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