Public Interest Accountability Committee

News

PIAC URGES PARLIAMENT TO RESTRICT GNPC’S SPENDING ON CSR
3rd July 2020

The Public Interest Accountability Committee, PIAC, has reiterated its call on Parliament to put some restrictions on the Ghana National Petroleum Corporation’s budget allocated to Corporate Social Investments. At the launch of the 2019...

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ADDRESS RISING GAS DEBT OF GNGC - PIAC
30th June 2020

THE Public Interest Accountability Committee (PIAC), has called on government to, as a matter of urgency, address the unsustainable debt of the Ghana National Gas (GNGC). At the launch of PIAC’s annual report, 2019 in Accra, the Chairman of...

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GHANA’S DOUBLES ITS GAS PRODUCTION
29th June 2020

In 2019, gas production witnessed its greatest boost since the inception of natural gas production in Ghana with a total of 169,509 million standard cubic feet of associated and non-associated gas produced from all fields in 2019, an 85% increase...

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GHANA NATIONAL GAS COMPANY INCURS $668.1 MILLION DEBT TO GNPC- 2O19 PIAC REPORT
25th June 2020

The Public Interest and Accountability Committee (PIAC) has published its Annual Report on the management and use of Ghana’s petroleum revenues for the year-end 2019. Speaking during the launch of the Report, Noble Wadzah, Chairman of PIAC...

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DIVERSIFY PRICING RISK THROUGH HEDGING PORTION OF GHANA’S CRUDE – PIAC TO MOF
25th June 2020

The Public Interest and Accountability Committee (PIAC) in its 2019 annual report has recommended to the Ministry of Finance to diversify pricing risk through hedging a portion of the Ghana crude. PIAC also noted that much as Government may have...

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HALT MINISTERIAL DISCRETION IN ALLOCATING EXCESS OIL REVENUE TO GSF – PIAC TO PARLIAMENT
25th June 2020

The Public Interest and Accountability Committee (PIAC) in its 2019 annual report has recommended to parliament to amend the Petroleum Revenue Management Act PRMA (ACT 815) to remove the ministerial discretion in allocating excess revenue over the...

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