Tag: PRMA
-
Saltpond Oilfield ‘wasting’ petroleum revenue – PIAC
The Public Interest and Accountability Committee, PIAC, wants the Ghana National Petroleum Corporation (GNPC) to expedite processes to decommission the Saltpond Oil Production Company Limited. PIAC is alarmed at how the non functioning oilfield is still draining the nation’s meager oil resources and impeding other investments. The need to decommission the Saltpond oilfield forms part…
-
PIAC criticizes Finance Minister for breaching petroleum laws
The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori Atta has breached Section 29 of the Petroleum Revenue Management Act, hence must work to resolve the situation.…
-
NPP gov’t should pursue misappropriation of oil revenue – PIAC
The Public Interest and Accountability Committee (PIAC) wants the Nana Akufo Addo led administration to demonstrate its willingness to enforce the Petroleum Revenue Management Act (PRMA) and give value for money. In PIAC’s view, its work would yield the necessary results if government machinery acts on findings indicating instances of misappropriation. Though the Chairman of…