Petroleum Holding Fund: PIAC urges GNPC to comply with provision in Petroleum Revenue Management Act
By: Seth Eyiah Public Interest and Accountability Committee, PIAC, has reiterated its call on Ghana National Petroleum Corporation, GNPC, to comply with the provision in the Petroleum Revenue Management Act, PRMA, by lodging its direct and indirect revenue into the Petroleum Holding Fund. According to the Committee, GNPC is ”denying other funds such as the […]
Petroleum rakes in $1.43b in 2022 – Highest since production in 2010
SOURCE: GRAPHICPNLINE The government received the highest petroleum revenue for a single year in 2022 since the start of petroleum production in the country in 2010. Data from the 2022 Annual Report of the Public Interest and Accountability Committee (PIAC) showed that petroleum receipts for 2022 amounted to $1.43 billion, representing an increase of 42 […]
PIAC reaffirms that $100 million was not paid into Petroleum Holding Fund
The Public Interest and Accountability Committee (PIAC) has reaffirmed its 2021 report that $100 million of petroleum lifting revenue was not paid into the Petroleum Holding Fund. Mr Nasir Alfa Mohammed, the Vice Chairman of PIAC, speaking at the public hearing of the Parliamentary Ad-hoc Committee on Censure of Mr Ken Ofori-Atta, Finance Minister, reiterated […]
