To ensure that the country’s hydrocarbon resources are used to deliver prosperity, there must be good governance as well as implementation of petroleum laws to the letter, the Public Interest and Accountability Committee (PIAC) has...

The Public Interest and Accountability Committee (PIAC) has launched an issue paper cataloguing a number of issues needing urgent attention in the petroleum revenue management space. The paper, which has been launched ahead of marking a decade of...

The Ministry of Finance has for the third consecutive year failed to account for unutilised Annual Budget Funding Amount (ABFA) of oil revenues, the Public Interest and Accountability Committee (PIAC) has disclosed. In its 2019 annual report on...

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)...