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The Friends of the Nation, an environmentally inclined Organisation has engaged stakeholders on advocacy strategies on tax accountability and Petroleum Revenue Management. The engagement formed part of various programmes and interventions in the civil space to enlightened citizens to hold duty bearers accountable for revenue mobilized and public spending. Mr…
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility over the prudent management and use of petroleum revenues, has engaged Queen Mothers in the Savannah Region to provide updates on how government has used petroleum revenues since 2011. The forum, which is the second of its…
Some members of the Public Interest and Accountability Committee (PIAC) on Project Monitoring have expressed unhappiness with what they described as "waste" of oil revenues on the construction of a durbar ground for the people of New Takoradi in the Western Region. The project, completed in 2020 is in a…
Oil companies owes govt $ 2.1 million in Surface Rental payments June 1, 2021 Surface Rental payments to the government by companies in the petroleum sector in 2020 remain in arrears to the tune of $2.1 million, the Public Interest and Accountability Committee (PIAC) 2020 Annual Report, has said. The PIAC Report said the 2020 arrears represent a 34.71 per cent increase over the 2019 arrears of $1.57 million. The report indicated that the non-payment of the surface rentals denied the Petroleum Holding Fund of the needed revenues for development projects. Against this backdrop, the PIAC recomme...
Ghana-Press-Review June 01, 2021 to 10:43 105 APA – Accra (Ghana) The report that the Bank of Ghana has slashed its benchmark rate, the policy rate by 100 basis points, signalling a return to monetary easing after a year of tightening and the assurance by the European Union not to place a ban on the purchase of cocoa from Ghana because of child labour claims are some of the leading stories in the Ghanaian press on Tuesday. The Graphic reports that the Bank of Ghana (BoG) has slashed its bench...