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 […]
Adhere to all provisions under Petroleum Revenue Management Act- PIAC tells GNPC
By Seth Ayiah 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 […]
Citizens admonished to have interest in PIAC reports in order to be adequately informed – Peter Maala
By Emmanuel Mensah-Abludo The Upper West Regional Coordinating Director, Peter Maala says the hard work of Public Interest and Accountability Committee (PIAC) will be meaningless and waste of national resources if citizens […]
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 […]
No transfers made to DACF from ABFA for 1st Quarter of 2022- PIAC report reveals
By: Naa Dzagbley Ago The Public Interest and Accountability Committee, PIAC has charged the Ghana Revenue Authority, GRA to intensify its efforts at collecting surface rental arrears in addition to any new assessment before the end of the year. Presenting highlights of its 2022 Semi-Annual Report, PIAC identified that the amount outstanding keeps increasing. At […]
PIAC worried about non-payment of Oil Revenue by JOHL into Petroleum Holding Fund
By Dominic Hlordzi The Public Interest and Accountability Committee, PIAC is concerned about the non-payment of over $100,000 million into the Petroleum Holding Fund by the Jubilee Oil Holding Limited in the first half of this year. The amount is the proceeds from the lifting of about 944,000 barrels of crude oil from the oil […]
GJA, PIAC committed to the attainment of objectives of Petroleum Revenue Management Act
The Ghana Journalists Association (GJA) and the Public Interest and Accountability Committee (PIAC) have committed to collaborating toward the attainment of the objectives of the Petroleum Revenue Management Act, PRMA. The objectives include monitoring and evaluating compliance with the Act by government and relevant institutions in the management and use of petroleum revenues and investments; […]
PIAC asks GNPC to recover $318 million loan from government
The Public Interest and Accountability Committee (PIAC) has urged the Ghana National Petroleum Corporation (GNPC) to expedite action to recover loans advanced to the government and some of its agencies in the last 11 years. That, it said, was to help ensure that the work programme of the national oil company did not suffer from […]
