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Monday 20 November 2017

2017-11-14

[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing

2017-11-10

[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed

2017-11-09

[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
[N] Visitors pay GHc2 to see prisoners
[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ˘12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims

2017-11-08

[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again

2017-11-07

[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  

2017-11-06

[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
[B] Energy bond unsuccessful after two tries

2017-11-05

[N] 'We won't compromise on admission malpractices' - UCC & its affiliates
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General News

[ 2017-11-14 ]

Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
The Public Interest and Accountability Committee
(PIAC), has lamented the poor handling of projects
funded with Ghana’s oil revenue without adherence
to the Petroleum Revenue Management Act.

According to a member of PIAC, Dr. Steve Manteaw,
successive governments have breached the Act for
seven years running.

The Act mandates the Finance Minister to report on
all oil-funded projects in the year under review.

But Dr. Manteaw said the provision has been
breached by various Finance Ministers including,
Ken Ofori Atta.

“Over the period since we started producing oil in
this country, the past ministers and the current
Minister [of Finance] have not complied with that
provision in terms of giving us update on the
stage of completion of oil projects. A project
inspection undertaken by PIAC recently has
revealed that a lot of the projects are
non-existent and those that are in existent, are
deteriorating barely a year into their completion
raising serious concerns about the quality of
spending and value for money considerations that
underpin the use of oil revenues,” Dr. Manteaw
added.

Dr. Manteaw was speaking at a breakfast meeting in
Parliament today, Tuesday, where he made the
remarks.

PIAC needs prosecutorial powers

Some stakeholders within the oil sector had
earlier called for more powers to given PIAC to
prosecute persons who misappropriate Ghana’s oil
revenue.

This in their estimation could empower PIAC to
fully fulfill its mandate of ensuring the
efficient management of the nation’s petroleum
revenues for sustainable development.

About the Petroleum Revenue Management (Amendment)
Bill, 2015
Parliament in 2015 passed the Petroleum Revenue
Management (Amendment) Bill, 2015 into law.

The Bill amended an existing Act to provide for
the allocation of Funds for the Ghana
Infrastructure and Investment Funds, address some
issues with the Ghana Stabilization Fund, the
benchmark revenue projection, and further empower
the Ghana National Petroleum Company (GNPC) to
become a commercial entity and a strong operator
in the oil and gas sector.

The law was expected to also provide a legal
framework for the collection, allocation and
management of petroleum revenue in a responsible,
transparent, accountable and sustainable manner
for the benefit of Ghanaians in accordance with
Article 36 of the 1992 Constitution.

Source - citifmonline.com



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