Accountability in Oil & Gas sector: over Gh¢600m oil cash unaccounted in 2017, 2018-PIAC raises alarm

The Public Interest and Accountability Committee’s 2018 report point to budget non-compliance on the part of the Ministry of Finance. Chairman of PIAC, Dr Steve Manteaw, encourages the ministry to take steps to halt what is becoming an emerging trend of unspent Annual Budget Funding Amount (ABFA). In two years, budgeted but unspent and unaccounted […]

Missing 400 million petroleum revenue: finance ministry deliberately being evasive and economical with truth-PIAC

The Public Interest and Accountability Committee, (PIAC) has said the Ministry of Finance is deliberately pretending to be confused about the provisions of the law establishing the petroleum revenue management Act and its creation, the petroleum holding fund. According chairman of PIAC, Dr. Steve Manteaw, excuses given by the Ministry of Finance on the whereabouts […]