Public Interest Accountability Committee

News

PIAC ADVISES FINANCE MINISTRY ON PETROLEUM REVENUE
23rd April 2021

The Public Interest Accountability Committee (PIAC) has asked the Ministry of Finance to ensure that the priority areas selected for the Annual Budget Funding Amount (ABFA) disbursement are approved by Parliament before implementation, as required...

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PANDEMIC DRIVES DOWN PETROLEUM REVENUES BY 31%
22nd April 2021

Total petroleum revenues accrued to the Petroleum Holding Fund (PHF) from Royalties, Carried and Participating Interest (CAPI), Corporate Income Taxes (CIT), Surface Rentals and income earned declined to US$638million in 2020 from US$925million in...

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DON’T USE ABFA TO FILL EXPENDITURE GAPS – PIAC TO GOVERNMENT
22nd April 2021

The Public Interest and Accountability Committee (PIAC) is kicking against the use of the Annual Budgeting Funding Amount in filling expenditure gaps in times of revenue shortfall in the budget. According to PIAC, the practice is rather the...

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OIL COMPANIES OWE GHANA GROUND RENT ARREARS TO THE TUNE OF $2.1M IN 2020 – PIAC
21st April 2021

Some oil companies operating in Ghana owe the country surface rental payment arrears to the tune of $2.1 million in 2020, representing a 34.71 per cent increase over the 2019 arrears of $1.5 million, according to the 2020 Public Interest and...

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IMPLEMENT PIAC RECOMMENDATIONS FOR EFFECTIVE ACCOUNTABILITY - DR MANTEAW
30th March 2021

The government has been asked to ensure that recommendations made by the Public Interest and Accountability Committee (PIAC), are implemented to ensure that the country moves from transparency to accountability in managing petroleum revenues, such...

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TIME TO EXPLORE DEEP WATERS FOR OIL, SAYS AMOAKO-TUFFUOR
26th March 2021

The Secretary to the Government’s Economic Management Team (EMT), Prof. Joe Amoako-Tuffour, says it’s time the country did more exploration of oil in deep waters if it still wants to remain an oil producer. In an interview with...

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