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...

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...

A four-warehouse project, rehabilitated at the cost of a little over GH?3 million at Duase in the Manhyia North district of the Ashanti Region and just handed over to the state, has been classified as having several defects less than five months...

The Ministry of Finance has been cited for compelling Ghana National Petroleum Corporation (GNPC) to cancel a $50 million indebtedness to the Corporation. The money was withheld by the Finance Ministry in 2014 by the previous government and is...

The Public Interest and Accountability Committee’s 2018 report point to budget non-compliance on the part of the Ministry of Finance. Chairman of PIAC, Dr Steve Manteaw, encourages the ministry to take steps to halt what is becoming an...

The Public Interest and Accountability Committee (PIAC) has said reports attributed to the Committee alleging a certain diversion of oil revenues for the payment of salaries is false. PIAC, a statutory body established by the Petroleum Revenue...