Also known as: PIAC
Public Interest and Accountability Committee — monitors petroleum revenue management and government compliance with oil revenue laws in Ghana.
Verbatim sentences from the source article.
The Ghanaian Times
… He said the Public Interest and Accountability Committee (PIAC) had played a critical role in ensuring that the country’s oil revenues were properly accounted for and used for their intended purposes. …
PIAC needs secure funding to protect oil revenue – AdongoJoy Online
The Public Interest and Accountability Committee (PIAC) has marked 15 years of promoting transparency and accountability in Ghana’s management and use of petroleum revenues. …
PIAC marks 15 years of oil revenue accountability and transparencyJoy Online
… Mr Adongo, Member of Parliament for Bolgatanga Central, made the call at a ceremony marking the 15th anniversary of the Public Interest and Accountability Committee (PIAC). …
Adongo calls for non-political interference in $1.46bn Heritage Fund reviewThe Chronicle
… The institute recommended the enactment of a Mineral Revenue Management Act to establish benchmark mineral revenues, a stabilisation fund, strategic investment windows and an independent oversight body like the Public Interest and Accountability Committee (PIAC). …
Ghana’s gold boom masks deep petroleum, governance risks -NRGI cautionsThe Chronicle
The Public Interest and Accountability Committee (PIAC) has called on the government to directly involve Metropolitan, Municipal and District Assemblies (MMDAs) in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision and value for money and holist …
PIAC advises Government to Involve MMDAs in Oil and Petroleum-Funded ProjectsJoy Online
… The Public Interest and Accountability Committee (PIAC), the independent body that monitors the management of Ghana’s petroleum revenues, questioned why proceeds from the sale of oil through JOHL were not being paid into the Petroleum Holding Fund (PHF), the account established u …
Explainer: Will Ghana ever see GNPC Explorco’s $561m oil revenues paid into the Petroleum Holding Fund?Joy Online
… 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 crude oil production falls for six years, costing billions in lost revenue – IES reportJoy Online
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 …
Volatile extractive revenues could threaten Kumasi-Accra expressway project – PIAC warnsJoy Online
… 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. …
Bats force closure of new school block in Afram PlainsJoy Online
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 …
PIAC warns global energy transition policies adoption could threaten Ghana’s petroleum industryParliament's Finance Committee chairman Isaac Adongo has warned that Ghana risks weakening its petroleum revenue watchdog, the Public Interest and Accountability Committee, unless its funding is secured by legislation. The concern follows the abolition of the Annual Budget Funding Amount (ABFA), which previously financed PIAC's operations.
21 August 2026 · The Ghanaian Times →
Parliament's Finance Committee chairman Isaac Adongo has warned that Ghana risks weakening its petroleum revenue watchdog, the Public Interest and Accountability Committee, unless its funding is secured by legislation. The concern follows the abolition of the Annual Budget Funding Amount (ABFA), which previously financed PIAC's operations.
21 August 2026 · The Ghanaian Times →
The Public Interest and Accountability Committee (PIAC) celebrated 15 years of monitoring government compliance with petroleum revenue management laws and promoting public participation and independent assessments to support Parliament and Executive oversight. PIAC Chairman Richard Ellimah said the Committee pursues its mandate through reports, project inspections, public engagement and policy discussions on petroleum revenue management.
21 August 2026 · Joy Online →
Isaac Adongo, chairman of Parliament's Finance Committee, has called for the $1.46 billion Ghana Heritage Fund review—due after 15 years of establishment—to be shielded from political interference, warning that politicians may be tempted to spend petroleum revenues saved for future generations for immediate political gain.
21 August 2026 · Joy Online →
The Natural Resource Governance Institute has warned that Ghana's strong gold exports and improved fiscal position mask structural weaknesses in the petroleum sector and governance gaps that require urgent reform. Ghana's oil production is projected to decline to 37.95 million barrels in 2026 from 46.35 million in 2025 due to maturing fields and reserve depletion.
28 July 2026 · The Chronicle →
The Public Interest and Accountability Committee has called on government to directly involve Metropolitan, Municipal and District Assemblies in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision, value for money, and holistic development. PIAC conducts inspection visits to districts to oversee management of petroleum revenues distributed through the Annual Budget Funding Amount.
23 July 2026 · The Chronicle →
GNPC Explorco acquired a 7% stake in Ghana's Jubilee and TEN oil fields through Occidental Petroleum's 2019 divestment following its US$55 billion acquisition of Anadarko. A legal disagreement persists over whether revenues from the asset should be paid into the Petroleum Holding Fund.
20 July 2026 · Joy Online →
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.
14 July 2026 · Joy Online →
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.
13 July 2026 · Joy Online →
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.
13 July 2026 · Joy Online →
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.
10 July 2026 · Joy Online →
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.
9 July 2026 · Joy Online →
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.
23 June 2026 · Business & Financial Times →
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.
22 May 2026 · Business & Financial Times →
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.
20 May 2026 · Joy Online →
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.
19 May 2026 · Joy Online →
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.
11 May 2026 · Joy Online →