• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Saturday, August 16, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Reject all incumbent NPP executives seeking re-election-Butey to delegates

    NPP grants general amnesty to suspended members, reaffirms commitment to unity

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Justice Torkornoo files injunction against petitions seeking her removal

    Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

    Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

    Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

    Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

    IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

    IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Reject all incumbent NPP executives seeking re-election-Butey to delegates

    NPP grants general amnesty to suspended members, reaffirms commitment to unity

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Justice Torkornoo files injunction against petitions seeking her removal

    Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

    Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

    Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

    Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

    IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

    IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

PIAC urges professional bodies and CSOs to engage with annual reports on petroleum revenue

Kumasi Mail by Kumasi Mail
August 21, 2024
in Business
0
PIAC urges professional bodies and CSOs to engage with annual reports on petroleum revenue
Share on FacebookShare on Twitter

The Public Interest and Accountability Committee (PIAC) has called on professional bodies and civil society organizations (CSOs) to actively engage with its annual reports, stressing the importance of collective oversight in ensuring the judicious utilization of Ghana’s oil and gas revenue.

During a media engagement in Sunyani, Mr. Ransford Tetteh, a former editor of the Daily Graphic and the Ghana Journalists Association’s (GJA) representative on PIAC, emphasized the crucial role of institutions such as the Ghana Bar Association (GBA), the Ghana Journalists Association (GJA), the Chartered Institute of Accountants Ghana (ICAG), the Ghana Institute of Engineers, and religious bodies in holding the government accountable to the Petroleum Revenue Management Act (PRMA).

“Since 2010, violations and directives of the Petroleum Revenue Management Act have been repeatedly breached by successive governments, with little to no consequences,” Mr. Tetteh pointed out. He argued that PIAC alone cannot fulfill the oversight responsibilities required to ensure proper management of petroleum revenue and urged these professional bodies and CSOs to support PIAC’s efforts.

The media engagement aimed to equip journalists with the knowledge needed to understand, analyze, and shape their reportage on the utilization of petroleum revenue in Ghana. Mr. Tetteh reminded the media of their constitutional mandate under Article 162(5), which enjoins them to hold the government accountable on behalf of the citizens.

Ghana has reportedly received about $10 billion in oil revenue since 2010, but Mr. Tetteh lamented that there is little to show for it. He urged the media to investigate how these funds have been used, highlighting the need for transparency and accountability in the management of the country’s oil wealth.

Adding to the discussion, Mr. Edward Afriyie, another member of PIAC, expressed concern over the continued decline in Ghana’s oil production. He noted that crude oil production has decreased for the fourth consecutive year, with output dropping from a high of 71.44 million barrels in 2019 to 48.25 million barrels in 2023—a decline representing an annual average reduction of 9.2%. Mr. Afriyie called on the government and relevant regulatory bodies to take immediate steps to address this worrying trend.

The engagement underscored the importance of collaborative efforts between PIAC, professional bodies, CSOs, and the media in ensuring that Ghana’s oil and gas revenues are managed in a manner that benefits all citizens.

Tags: Annual reportCSOsPIACprofessional bodies
ShareTweetSend
Previous Post

Stakeholder groups finalize implementation of annual health check programme

Next Post

GURU files injunction to halt the electoral process leading to UG SRC election

YOU MAY LIKE

Alex Nartey Esq. Condemns rift between NIA-GRA, calls for swift presidential intervention
Business

Alex Nartey Esq. Condemns rift between NIA-GRA, calls for swift presidential intervention

Haruna Named Fintech CEO of the Year for Driving Innovation at Mobile Money LTD
Business

Haruna Named Fintech CEO of the Year for Driving Innovation at Mobile Money LTD

Strong Cedi Keeps Ghana Cocoa Prices Steady Despite Global Gains- COCOBOD CEO
Business

Strong Cedi Keeps Ghana Cocoa Prices Steady Despite Global Gains- COCOBOD CEO

Regulatory action against DStv set for August 7 – Sam George affirms
Business

Regulatory action against DStv set for August 7 – Sam George affirms

Cocoa handlers demand wage increase, plan strike over unfair pay
Business

Gov’t increases Cocoa producer price to $5,040 per tonne for 2025/2026 Season — Ato Forson Announces

Next Post
Guru disqualified from University of Ghana SRC Presidential race

GURU files injunction to halt the electoral process leading to UG SRC election

Food inflation to go up in the coming months due to decline in rainfall- Finance minister

Food inflation to go up in the coming months due to decline in rainfall- Finance minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Reject all incumbent NPP executives seeking re-election-Butey to delegates

NPP grants general amnesty to suspended members, reaffirms commitment to unity

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Justice Torkornoo files injunction against petitions seeking her removal

Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

Gov’t imposes daily fine on DSTV over failure to submit pricing data

Gov’t imposes daily fine on DSTV over failure to submit pricing data

Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

Deputy Defence Minister pays emotional tribute to late Dr. Omane Boamah

Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

Asantehemaa’s Passing Deeply Felt by Traders; Combine Traders Association Pledges to Uphold Her Legacy

IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

IYD 2025; Students mourn Gallant 8 with call for youth action against galamsey

President Mahama to Lead Unprecedented Crackdown on Illegal Mining- Ablakwa hints

President Mahama to Lead Unprecedented Crackdown on Illegal Mining- Ablakwa hints

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Reject all incumbent NPP executives seeking re-election-Butey to delegates

NPP grants general amnesty to suspended members, reaffirms commitment to unity

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com