The Public Interest and Accountability Committee (PIAC) is demanding answers on why US$100.7million was not paid into the Petroleum Holding Funds as required by law. The amount relates to 944,164bbls of crude liftings made by JOHL, a subsidiary of Ghana National Petroleum Corporation (GNPC) that holds 7 percent interest in …
Read More »Oil money project does not exist – PIAC
The Public Interest and Accountability Committee (PIAC), has indicated that a rural market project at Otu-Kwadjo in the Nsawam Adoagyiri Constituency in the Eastern Region, which was funded and executed with petroleum revenue, does not exist in the specified community. According to the independent statutory body mandated to promote transparency …
Read More »PIAC wants GNPC listed on stock market
The Public Interest and Accountability Committee (PIAC), the body mandated with ensuring the efficient management of petroleum revenues, says Ghana National Petroleum Corporation (GNPC) should be listed on the stock exchange (GSE) to cede control and ownership of the national oil company to Ghanaians. The move, according to PIAC, will …
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