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...

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...

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...

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...

The coronavirus pandemic stalled upstream petroleum projects worth US$324m that were in the exploratory and appraisal stages, the Public Interest and Accountability Committee (PIAC) has revealed in its 2020 annual report. The petroleum revenue...

Some international oil companies (IOCs) have defaulted in the payment of surface rental fees to the state, accruing arrears to the tune of US$2.11m in 2020. The amount represents a 34 percent increase over the arrears outstanding in 2019 of...