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    Societe General Ghana partners AGF to provide financing solutions for SMEs

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    Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte

    Societe General Ghana partners AGF to provide financing solutions for SMEs

    IMF programme won’t affect free SHS, other flagship programmes – Gov’t

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

    Node 8, HTU hold first edition of Node X in Ho

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

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    Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte

    Societe General Ghana partners AGF to provide financing solutions for SMEs

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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PIAC pushes for sanctions against contractors who execute shoddy works

October 12, 2020
in General, Top Stories
The construction of this CHPS compound was fully funded from the ABFA.

The construction of this CHPS compound was fully funded from the ABFA.

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The Public Interest and Accountability Committee (PIAC), has called on government to initiate punitive measures against contractors who execute shoddy works on oil-funded projects.

PIAC, which has oversight responsibility over the management of the country’s petroleum revenues, has noted with concern the practice of some contractors doing sub-standard works defeating the purpose of value for money for the use of petroleum revenues.

It is important to note that petroleum revenues come from a depleting resource base, a reason the law provided for using Petroleum revenue in ways that support inter-generational benefit.

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The Committee also called on government to recognize other contractors who have demonstrated value for the use of petroleum revenues through the delivery of good projects.

The Chairman of PIAC, Mr. Noble Wadzah, made the call after he led a PIAC team to visit selected oil-funded projects in the Eastern Region. The exercise forms part of the Committee’s regular activity to identify with effective use of the country’s petroleum revenues.

The projects the community visited included the Construction of Community Health-Based Planning Service (CHPS) compound at Ahankrasu, construction of Irrigation Infrastructure at Aditrase and Kornokle in the Yilo Krobo District, and the payment for a 3-Unit classroom block at Amanase Aboabo JHS and Owusu Wawase D/A Primary.

The rest are Bitumen Surfacing of New Tafo – Nobi – Samlesi – Anwiabeng Feeder roads, Construction of Irrigation Infrastructure at Aditrase and Kornole in the Yilo Krobo District and upgrading of Kade Wenchi Akim Oda Roads.

CHPS compound

Information made available to the PIAC Team indicated that the contract was awarded in November 2018. As at the time of PIAC’s visit, main construction works on the CHPS had been completed, finishing works were ongoing, while external works were underway. Supply and installation of medical equipment was yet to begin. The overall progress stands at 95 per cent.

The construction of the CHPS compound received total funding from the ABFA to the tune of GHC1,206,419.14.

Mr. Wadzah described that particular project as one that offered value for money and commended the contractor for his good works.

He explained that it was inspiring to note that there were contractors who shared in the value of putting petroleum revenues allocated to projects to good use and that such people should be commended for their efforts.

An indigene of the community, Mr. Peter Terkpeh, told the PIAC team that the community was involved in the construction works through employment and other related service provision, an experience that was not realized in other similar project areas.

Mr. Wadzah also made a call for community involvement to be mandatory in project contracts as it stands ensure some level effectiveness and resilience in project works and delivery.

The PIAC team also held public forums at the district level in Abetifi and Kwabeng to inform and engage citizens on the management and use of petroleum revenues in the country as provided for in law.

Tags: oil-funded projectsPIAC
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