Public Interest Accountability Committee

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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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PANDEMIC STALLS US$325M PETROLEUM PROJECTS IN 2020
28th April 2021

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...

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OIL COMPANIES OWE US$2.1M IN SURFACE RENTALS
23rd April 2021

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...

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