Atuabo Gas, Terminal 3, Flower Pot Interchange funded with oil revenue – PIAC

The Public Interest and Accountability Committee (PIAC) has revealed that several significant infrastructure projects in Ghana, such as the Atuabo Gas Processing Plant, Terminal 3 at Kotoka International Airport, and the Flower Pot Interchange, have been funded by the country's petroleum revenue. This revelation comes as some Ghanaians express concerns about the tangible benefits the nation has gained from its oil resources since commercial production commenced in 2011.

In an interview on Burning Issues with Akua Boakyewaa Yiadom, PIAC Executive Secretary Isaac Dwamena Esq. acknowledged that it is understandable for citizens to question the visibility of petroleum revenue in large-scale projects. PIAC explained that while the Atuabo Gas Processing Plant was initially funded by a loan that was later repaid using petroleum revenue, Terminal 3 at Kotoka International Airport saw an investment of $30 million, generating $19 million in profit since its opening.

Similarly, over GH¢100 million in petroleum revenue was allocated to the construction of the Flower Pot Interchange, and GH¢2.6 billion in revenue has been invested in the government's Agenda 111 hospital projects. However, PIAC noted that only three out of the many Agenda 111 projects have been completed. Dwamena emphasized the importance of directing petroleum revenue towards projects that would provide visible and lasting benefits to the Ghanaian people.