An amount of GH₵1.5 billion petroleum revenue cannot be accounted for in the 2019 fiscal year, the Public Interest and Accountability Committee (PIAC) has disclosed. According to the committee, out of the GH₵2.7 billion accrued into the...

The Public Interest and Accountability Committee (PIAC), an independent statutory body, has urged Parliament to ensure that the Ministry of Finance accounts for the $1.5 billion unutilized Annual Budget Funding Amount (ABFA). In its key findings...

For the second consecutive year, there was no allocation from the Annual Budget Funding Amount to the Ghana Infrastructure Investment Fund (GIIF), contrary to the provisions of the Petroleum Revenue Management Act (PRMA) and GIIF Act 877, the Public...

An audit assessment undertaken by PricewaterhouseCoopers on behalf of the Auditor General has revealed that a total outstanding debt of US$310.34 million is owed the Petroleum Holding Fund Most of this is debt of Ghana National Gas Company Limited...

Rating agency Moody’s says despite the increase in oil prices in recent weeks, it expects prices to remain lower for longer, which will worsen pressures for oil exporters. Oil prices rose on Tuesday, as optimism about recent commitments...

The African Centre for Energy Policy, ACEP, says efforts by government to draw funds from the Ghana Heritage Fund to stem the spread of the Coronavirus pandemic is not acceptable. The Think Tank says the use of the Fund is ‘akin to telling...