President Akufo-Addo has pledged his government’s commitment in ensuring that the petroleum revenues of the Republic of Ghana are well manage for the benefit of Ghanaians.
He further assured his presidency’s support for the Public Interest And Accountability Committee (PIAC) at all times.
According to him, the issue of delay in transmission of information between PIAC and the Ministry of Finance, emanating from the distortions in the deadline schedules of the reporting obligations of the two institutions needs to be addressed to avoid the stoked controversy which has not been helpful, and also an amendment of the relevant provisions in the Petroleum Revenue Management Act could help resolve this situation.
Delivering his keynote address at the Launch of the Public Interest And Accountability Committee (PIAC)’s 10th Anniversary, President Akufo-Addo indicated that, Government, since 2017, has ensured that, unlike in the past, the budgetary allocations of PIAC have been released to enable it undertake its activities. In 2020, for example, an amount of three million, one hundred thousand cedis (GH¢3.1 million) was given to PIAC, with two million, three hundred and fifty thousand cedis (GH¢2.35 million) set to be released for this year, in spite of the pandemic.
Additionally, the Committee utilised a part of its 2018 budgetary allocation to procure its current office building at East Legon, in Accra, which brought an end to the era of evictions and threats of eviction by landlords.
” For as long as I remain President, support to PIAC will be forthcoming and on time” he said.
The President further encourage the Committee, to continue to engage Government and relevant stakeholders, and help work towards the economic transformation of Ghana through the efficient use of our hydrocarbon resources.
And alsoGovernment is committed to its continued solidarity with PIAC, and assures it of Government’s considerable interest in all of its activities.
This he believes will deepen the co-operation between Government and PIAC in the coming years for the goal of a united, progressive and prosperous Ghana.
