Page 3 - பெட்ரோலியம் வருவாய் மேலாண்மை நாடகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The petroleum sector is a major part of Ghana’s economy The Public Interest and Accountability Committee (PIAC) says the implementation of the Petroleum Revenue Management Act (PRMA) has been largely impactful in the last 10 years despite some challenges. It said among the notable achievements arising from the committee’s recommendations were the procurement of a Loss of Production Insurance by the Ghana National Petroleum Corporation (GNPC) for Jubilee, TEN, and SGN Fields and Parliament’s directive to GNPC to stop spending on non-core areas and the subsequent cancellation of the Corporation’s sponsorship deal with the Black Stars. In addition, the Ghana Revenue Authority’s (GRA) retrieval of about US$50 million through the tax audits of Kosmos Energy and Tullow Ghana, Improvements in the payment of Surface Rentals by International Oil Companies since 2017, resulting from engagements with the Petroleum Commission, Bank of Ghana, and GRA; and, Bridging the tax audit gap

Kotoka international airportGhana generalGreater accraAccountability committeePetroleum revenue management actGhana national petroleum corporationKosmos energyPetroleum commissionPetroleum heritage fundGhana revenue authorityGhana infrastructure investment fundInternational oil companiesPetroleum revenuePublic interestProduction insuranceTullow ghana