Ghana’s crude oil production has continued its downward trend for a fifth consecutive year, with total output for 2024 dropping to 48.25 million barrels, down from a peak of 71.44 million barrels in 2019. This development, revealed in the 2024 Annual Report of the Public Interest and Accountability Committee (PIAC), highlights concerns over the long-term […]
The Public Interest and Accountability Committee (PIAC), has asked Parliament to immediately step in and put a cap on the Ghana National Petroleum Corporation’s (GNPC) Corporate Social Investment. PIAC fears GNPC may veer off its core mandate if it continues with its current expenditure trends. The committee reiterated the position following memos emerging from the […]
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 […]
The Public Interest Accountability Committee (PIAC) has faulted the Finance Ministry for including some unspent GH¢440 million from 2017 in this year’s budget expenditure. PIAC has described as misleading a claim by the Ministry that the GH¢ 440 million unspent oil revenue in 2017 is part of its GH¢ 1.5 billion budgetary expenditure for this year. In […]
