Investigations into MPs who allegedly took double salary whilst serving as ministers should not be limited to the Mahama-led administration, Prof. Clement Dzidonu, President of Accra Institute of Technology, has advocated. The spotlight, he told TV3’s New Day on Saturday, should be thrown on MPs who served as ministers under Atta Mills, John Kufuor and … Read more
Policy Analyst, Dr. Steve Manteaw, says the discretionary powers given to the Minister for Energy not to enter into a Petroleum Agreement after a bidding round, exposes the minister to corruption. He observed such allocated powers to the minister place him as a target for investors seeking opportunities in the upstream petroleum sector. “So much … Read more
The decade-long maritime dispute between Ghana and Cote d’Ivoire which was finally settled on September 23, 2017 cost the country (Ghana) in excess of 3 million dollars. The amount which included the legal services was bore by the Ghana National Petroleum Corporation (GNPC), Dr. Manteaw who is the Chairman of the Civil Society Platform on … Read more
President Akufo Addo has committed to the efficient use of Ghana’s oil revenue to give value for money and protect the interest of Ghanaians. According to him, Ghana has no reason not to improve the lot of citizens with a decade of commercial oil exploration. The President was also hopeful the judicious use of the … Read more
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 Ghana National Petroleum Company (GNPC) has denied allegations made by the Public Interest and Accountability Committee (PIAC) that oil revenues were understated in 2016, arguing that, monitoring mechanisms in place are strong enough to prevent revenue leakage. PIAC in its analysis of the performance of the country’s petroleum sector for 2016, said that revenue … Read more
Co-chair of the Ghana Extractives Industry Transparency Initiative (GHEITI) Dr. Emmanuel Steve Asare Manteaw, who is also a member of the Public Interest and Accountability Committee (PIAC), has said the inability of the country to properly sequence the governance frame work was the first mistake after the oil find in 2007. According to Dr Manteaw, … Read more
The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s economy in the long run. He rather advocated that the Bank of Ghana and Ministry of Finance … Read more
Oil production dipped by some 13.7percent in 2016, from 37.41million barrels in 2015 to 32.30 million barrels, in spite of the coming of stream of the TEN field in August 2016 to augment production at jubilee. In its 2016 annual report, released Thursday, the Public Interest and Accountability Committee (PIAC), which has the mandate to … 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 report by the Public Interest and Accountability Committee (PIAC) has questioned the whereabout of more than $40 million which was not accounted for by the Ghana Gas Company Limited. The Company in 2016 paid only $9.3 million out of receivables of $56 million from the sale of raw gas to the state. The outstanding … Read more
Crude Oil production recorded a decline of 13 per cent in 2016 despite the fact that Ghana’s second major oil production field, the Tweneboa-Enyenra-Ntomme (TEN) Field came on stream. The TEN Field came on stream in August 2016 and actually contributed 16 per cent to the annual production, but it dropped from 37.41 million barrels … 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
The Vice Chancellor of the University of Health and Allied Sciences, Professor John Owusu Gyapong is unhappy with the construction firm, Ussuya Ghana over the unnecessary delay on the completion of the road projects in the University. The University has deplorable road networks that undermine its spectacular view. It has lecture halls, auditorium, multi-purpose science … Read more
Two former National Democratic Congress (NDC) government appointees have denied vehemently that some helicopters (choppers) belonging to the Ghana Gas Company are missing. Ghana Gas has been in the news these few days following revelations by the Public Interest and Accountability Committee (PIAC) that three helicopters (choppers) could not be found. According to a leading … Read more
Former Minister for Power, Dr Kwabena Donkor has said Ghana’s security under the watch of President Nana Akufo Addo is very week and threatened, if indeed some helicopters purchased by the erstwhile Mahama administration for Ghana Gas have gone missing. According to him, Ghana’s security is in wrong hands if such heavy military accoutrement painted … Read more
The former deputy Minister for Power, Mr John Jinapor thinks that allegations that helicopters purchased by the erstwhile Mahama administration for Ghana Gas Company were missing are attempts aimed at ‘denigrating’ the former administration. He said the helicopters were with the Ghana Air Force since the army has the expertise to handle the helicopters. The … Read more
Former Minister for Power, Dr Kwabena Donkor has vehemently refuted claims that some helicopters purchased by the erstwhile Mahama administration for Ghana Gas cannot be accounted for. There have been reports that three helicopters for Ghana Gas Company purchased at a cost of 150 million dollars by the previous government are missing. The co-chair of … Read more
The former deputy Minister for Power, John Jinapor has strongly dismissed claims that some helicopters purchased by the erstwhile Mahama administration for Ghana Gas are missing. According to Mr. Jinapor, the helicopters are in the care of the Ghana Air Force since Ghana Gas lacks the expertise to protect the helicopters. Reports had indicated that … Read more
The co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw has downplayed media reports that three helicopters for Ghana Gas Company are missing. According to him, even though the whereabouts of the helicopters remain a mystery after government of Ghana paid $150 million for them it is too early to assume that … Read more