Public Interest Accountability Committee

News

DR THEO ACHEAMPONG ADVOCATES FOR NEW APPROACHES TO SUSTAIN OIL PRODUCTION
24th March 2022

An Economist and political risk analyst, Dr. Theophilus Acheampong, is advocating for new approaches to sustain oil production in the country. According to him, if nothing is done to salvage the oil production “then production will decline...

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GOV’T URGED TO INTRODUCE POLICIES TO ENSURE PROPER UTILIZATION OF PETROLEUM REVENUES
24th March 2022

Economist, Dr. Theophilus Acheampong has criticized government’s utilization of resources from the country’s petroleum funds. The Ghana Petroleum Fund is meant to channel excess petroleum revenue into financial instruments for...

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GHANA EARNED $6.5BN OUT OF $31BN VALUED OIL FIELDS BETWEEN 2011 & 2022 – PIAC
11th March 2022

The Vice Chairman of the Public Interest and Accountability Committee (PIAC), Nasir Alfa Mohammed, says whereas the value of Ghana’s oil and gas exploration and production activities are valued at about $31 billion, Ghana only generated about...

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PIAC WANTS CRITERIA TO GUIDE ABFA FUNDED PROJECTS
8th March 2022

The Public Interest and Accountability Committee (PIAC) has called for a public criteria to guide the prioritisation of projects funded from the Annual Budget Funding Amount (ABFA). The criteria, the committee said, must demonstrate how projects...

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74% OF WITHDRAWALS FROM STABILISATION FUND BY GOV’T USED FOR DEBT REPAYMENT – PIAC
7th March 2022

Seventy-four percent (74%) of total withdrawals made from the Ghana Stabilisation Fund (GSF) by government has been used in the repayment of debts. Twenty-one percent [21%] of the withdrawals has been allocated to the Contingency Fund to deal...

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GOV’T MUST ADOPT MEASURES TO PROPERLY ANALYZE COST OF PETROLEUM CONTRACTS TO AVOID LOSSES – PIAC
4th March 2022

The Public Interest and Accountability Committee (PIAC) is asking the government to adopt measures to thoroughly vet costs provided by international companies before petroleum contracts are signed. In a 10-year assessment report on the petroleum...

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