Public Interest and Accountability Committee (PIAC) wants government to consider hedging a portion of Ghana’s share of crude oil exports. Although the committee is recommending this to cushion the country against oil price volatility, it said such a decision should be preceded with the requisite expertise to ensure that hedging inured to the benefit of … Read more
The Public Interest and Accountability Committee (PIAC) has warned that the troubles confronting Ghana’s energy sector may deepen soon if the huge debts in the sector are not settled. PIAC argues that the debt owed particularly by the Volta River Authority (VRA), greatly affected operations for 2016 considering the declining global oil prices. In the … Read more
A legal practitioner, Abraham Amaliba says killers of Captain Maxwell Adam Mahama of the Ghana Armed Forces have shown that they do not qualify to be classified as humans. Some residents of Denkyira Obuasi in the Central Region marshaled every lethal weapon available to them, including blocks, stones, guns and mortals among others as they … Read more
The Public Interest and Accountability Committee (PIAC) has expressed disappointment over the poor execution of some projects funded with petroleum revenue in the Ashanti Region. Vice Chairman, Kwame Jantuah, has questioned, in particular, the quality of work on an ongoing 3-unit classroom block at Akpenkro, as well as construction of the Bremang UGC road, which … Read more
Although government has paid $150m for three helicopters for Ghana Gas Company, the whereabouts of the choppers remains a mystery, the Public Interest and Accountability Committee (PIAC) has revealed. It is not known whether the helicopters have been delivered or missing. “I have asked about the helicopters but there are no answers forth coming” Dr … Read more
A member of the Public Interest and Accountability Committee (PIAC), Dr Steve Manteaw, is urging the government to shift from covering every cost under its Free Senior High School (SHS) policy to limited items, in order not to strain the national budget. He said the programme, earmarked to take off in September 2017, was expected … Read more
As a statutory institution committed to ensuring efficient, transparent and accountable management of petroleum revenues and investments, the Public Interest and Accountability Committee (PIAC) lacks the legal wherewithal to prosecute people who misappropriate Ghana’s oil revenue allocations. This came to light at a three-day workshop on interrogating the 2016 Annual PIAC report spearheaded by the … Read more
As a statutory institution committed to ensuring efficient, transparent and accountable management of petroleum revenues and investments, the Public Interest Accountability Committee (PIAC) lacks the legal wherewithal to prosecute people who misappropriate Ghana’s oil revenue allocations. This came to light at a three-day workshop on interrogating the 2016 Annual Public Interest and Accountability Committee (PIAC) … Read more
Former president J. A. Kufour has bemoaned Ghana’s inability to capitalise on its oil find to become a nation that rubs shoulders with other oil producing countries. According to him, “although Ghana is now counted among the oil-producing countries in the world, our country is yet to become the ‘land of milk and honey’ that … Read more
The Public Interest and Accountability Committee (PIAC) says the Ghana National Petroleum Company (GNPC) should desist from financing infrastructure projects with funds allocated to it from petroleum revenues. The Committee proposed that any outstanding payment (s) to be made in respect of the Western Corridor Road project must be paid from the allocations to the … Read more
The Public Interest and Accountability Committee (PIAC) has called on the Ministries of Finance and Energy to urgently convince the Volta River Authority to settle its indebtedness to the Ghana National Gas Company. It said this was in order to prevent the VRA’s debts to Ghana Gas from spiralling to unmanageable proportions and thus compromising … Read more
The Public Interest and Accountability Committee (PIAC) has called on the Ministries of Finance and Energy to urgently convince the Volta River Authority to settle its indebtedness to the Ghana National Gas Company. It said this was in order to prevent the VRA’s debts to Ghana Gas from spiralling to unmanageable proportions and thus compromising … Read more
The Public Interest and Accountability Committee (PIAC) has expressed doubts about the ability of the Ghana National Gas Company (GNGC) to commence the scheduled amortisation of the approximately US$1billion China Development Bank (CDB) loan facility that was contracted by the Government for the construction of the Atuabo Gas Processing Plant. PIAC said it arrived at … Read more
The Public Interest and Accountability Committee (PIAC) has asked government push the Volta River Authority (VRA) to pay more than $306 million it owes the Ghana National Gas Company (GNGC). The Committee warns in its latest report that the debts could hit unimaginable limits if the power producer does not move to clear it. The … Read more
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. BoG, Saltpond oil prodcution company, others slayed in 2015 PIAC report In PIAC’s view, its work would yield the necessary results if government machinery acts … Read more
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 … Read more
The Public Interest and Accountability Committee (PIAC), has launched a comprehensive plan to reform the Committee to better track government’s application of the petroleum revenue for improved living conditions of the citizenry. About $ 9.5 million would be required for the successful implementation of the five-year strategic arrangement, which served as a framework for the … Read more
The Public Interest and Accountability Committee (PIAC) has launched a comprehensive plan to reform the Committee to better track government’s application of the petroleum revenue for improved living conditions of its citizenry. About $9.5 million would be required for the successful implementation of the five-year strategic arrangement, which served as a framework for the Committee … Read more
The Public Interest and Accountability Committee (PIAC) has launched a five-year strategic plan, which will need $9,424,832 to implement. At the Alisa Hotel in Accra on Wednesday, the Committee appealed to donor partners as well as government to support them in order to achieve their objectives. The vision of the Committee is to fulfil the … Read more
The Director of Research of the governing National Democratic Congress (NDC) says government is not deliberately denying the Public Interest and Accountability Committee (PIAC) funds for its operations because of its watchdog role. Dr William Ahadzi says PIAC is facing the same financial challenges other state institutions go through yearly in the hands of government. … Read more