A new report by the Bank of Ghana shows that the country received a total of 310.14 million dollars into Ghana’s Petroleum Holding Fund (PHF) for the first half of 2020. Compared to same period in 2019, the figure dropped by $124. 34...

The Public Interest and Accountability Committee (PIAC) has urged government to disburse oil revenues earmarked for projects, rather than accumulating it over time. According to the Committee, which has oversight responsibility over the prudent...

The Public Interest and Accountability Committee (PIAC) has recommended an amendment to the Petroleum Revenue Management Act (PRMA) to remove the ministerial discretion in the allocation of excess revenue over the Ghana Stabilisation Fund (GSF)...

The Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for a GH₵1. 5 billion unutilised funds in the Annual Budget Funding Amount (ABFA) for 2019. The ABFA is the portion of...

A liquidity scare is staring the Ghana National Petroleum Corporation (GNPC) in the face after increased spending on corporate social responsibility and other non-core expenses reduced the firm’s ability to smoothly take up its share of...

THE Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for unutilised funds in the Annual Budget Funding Amount (ABFA). The ABFA is the portion of petroleum revenues earmarked...