Public Interest and Accountability Committee — monitors Ghana's petroleum revenue management and oil-funded projects, escalating compliance disputes with state bodies.
… The report also cited findings in the Public Interest and Accountability Committee’s (PIAC) 2025 Annual Report, which highlighted rising cash-call obligations on the TEN field alongside US$561.65 million in petroleum revenue linked to GNPC subsidiary Explorco that remains unaccou …
Ghana’s heavy dependence on extractive sector revenues to finance major infrastructure projects could expose the country to significant risks if global commodity prices decline, the Executive Secretary of the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has …
… This came to light when a team from the Public Interest and Accountability Committee (PIAC) inspected the facility as part of its monitoring and evaluation of projects funded through petroleum revenues in the Eastern Region. …
Technical Director of the Public Interest and Accountability Committee (PIAC), Mark Agyemang, has cautioned that adopting uniform global energy transition policies without considering Ghana’s unique economic and energy needs could pose significant challenges to the country’s petr …
… The discrepancy was uncovered by the Public Interest and Accountability Committee (PIAC) during an inspection of projects funded through the Annual Budget Funding Amount (ABFA) in the Eastern, Volta and Oti Regions. …
By Kizito CUDJOE The Public Interest and Accountability Committee (PIAC) has escalated its dispute with the Ghana National Petroleum Corporation (GNPC) and its subsidiary, Explorco, to the Office of the Attorney-General (AG), after repeated demands for the entities to account for …
The Public Interest and Accountability Committee (PIAC) has accused Ghana’s finance ministers and Parliament of breaching the law between 2021 and 2025 by maintaining the cap on the Ghana Stabilisation Fund at $100 million instead of the legally required $584.22 million. …
The Public Interest and Accountability Committee (PIAC) has said Ghana’s finance ministers breached the law between 2021 and 2025 by setting the cap on the Ghana Stabilisation Fund at $100m, far below the $584.22 million required under the country’s petroleum revenue rules. …
… The institute cited findings from the Petroleum Product Analysis Report for 2025, the Public Interest and Accountability Committee (PIAC), and other sector reports covering 2025 and 2026. …
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
Ghana's reliance on petroleum and mineral revenues to fund major infrastructure projects like the Kumasi-Accra Expressway exposes the country to significant risk if global commodity prices decline, according to the Public Interest and Accountability Committee's executive secretary. He noted that historical fluctuations in international oil and mineral prices have disrupted government revenues, highlighting the need for prudent financial planning and revenue diversification.
A three-unit classroom block completed in 2021 at Kamalo D/A Junior High School in Kwahu Afram Plains North has been abandoned due to severe bat infestation; the absence of a ceiling allowed bats to occupy the building, leaving it filled with droppings and stench, forcing the headmaster and teacher to conduct lessons for about 197 pupils in an open-sided pavilion instead.
The Public Interest and Accountability Committee's technical director warns that adopting uniform global energy transition policies without accounting for Ghana's unique economic and energy needs could harm the country's petroleum industry. He argues that energy transition strategies should be tailored to each country's development level and economic dependence on fossil fuels, and that Ghana should work regionally to develop coordinated approaches.
JoyNews Research Analyst Caleb Ziblim was named Overall Best Fellow at the inaugural Africa Extractives Media Fellowship, winning four awards including the Berenice Owen-Jones Award for in-depth analytical reporting, the Prolific Reporter Award, Data and Technology Award, and Investigative Impact Award. The six-month fellowship, delivered by Newswire Africa in partnership with the Australian High Commission in Ghana, trained journalists to strengthen reporting on Ghana's extractive sector.
The Public Interest and Accountability Committee (PIAC) inspected a petroleum-funded road project in Volta Region and found that the Ehi-Dzodze Road remained unsurfaced despite records showing petroleum revenue allocations for bitumen surfacing; residents told the Committee that only drainage works had been undertaken. The discrepancy has prompted PIAC to seek clarification from relevant authorities amid concerns about delays and oversight of oil-revenue-financed projects.
The Public Interest and Accountability Committee (PIAC) has escalated its dispute with the Ghana National Petroleum Corporation (GNPC) and its subsidiary Explorco to the Office of the Attorney-General, over Explorco's failure to account for and transfer petroleum revenues amounting to US$561,648,785.37 between 2022 and 2024. The central issue is whether Explorco, as a commercial subsidiary of GNPC, can legally retain petroleum lifting proceeds outside the Petroleum Holding Fund structure or whether all such revenues must accrue to the state under the Petroleum Revenue Management Act.
The Public Interest and Accountability Committee has accused Ghana's finance ministers and Parliament of breaching the Petroleum Revenue Management Act between 2021 and 2025 by maintaining the Ghana Stabilisation Fund cap at $100 million instead of the legally required $584.22 million, which should be calculated based on average expected petroleum revenue for a three-year period.
Ghana's finance ministers breached petroleum revenue rules between 2021 and 2025 by capping the Ghana Stabilisation Fund at $100m instead of the legally required $584.22m, according to the Public Interest and Accountability Committee. The committee chair said both the finance ministers and Parliament acted unlawfully, and called on the Finance Minister to use the correct figure and Parliament to ensure compliance.
The Institute of Economic Research and Public Policy has raised alarm over what it says are massive revenue leakages in Ghana's petroleum sector, reporting that more than 200 million litres of fuel cannot be accounted for between 2020 and 2025, resulting in tax revenue losses exceeding GH¢600 million. The institute cites weak monitoring systems at ports and throughout the petroleum distribution chain and calls for stricter enforcement, including real-time fuel tracking systems.