Tag: Petroleum revenues
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PIAC urges District Assemblies to ensure effective utilization of petroleum revenues
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and use of petroleum revenues has urged managers of the District Assemblies Common Fund (DACF) to prudently manage revenues allocated to them from the Annual Budget Funding Amount (ABFA). The DACF has received more than GH¢32,380,403.91 from the ABFA…
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Ghana’s oil revenue up 17.5% despite decrease in production – PIAC
Data from the Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s revenue from oil production saw an increase to a record US$783.33 million in the year ending 2021. This represents a 17.5 percent increase in revenue from the US$666.39 million recorded in 2020. According to PIAC, this increase is due to higher crude…
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Government must account for unutilised ABFA allocations – CSPOG
The Civil Society Platform on Oil and Gas (CSPOG) is calling on government and the Ministry of Finance to account for a GH₵1. 5 billion unutilised funds in the Annual Budget Funding Amount (ABFA) for 2019. This follows a 2019 report by Public Interest and Accountability Committee, that, an amount of GH₵1.5 billion out of…