PIAC @15: Grant PIAC statutory powers to enforce infractions in its reports – CDD-Ghana boss
The Executive Director of the Ghana Centre for Democratic Development (CDD-Ghana), Professor H. Kwasi Prempeh, has called for amendments to the Petroleum Revenue Management Act, 2011 (Act 815), to empower the Public Interest and Accountability Committee (PIAC) to take legal action against institutions and companies that fail to comply with petroleum revenue management obligations.
Prof. H. Kwasi Prempeh, Executive Director of the Ghana Centre for Democratic Development (CDD-Ghana), has called for amendments to the Petroleum Revenue Management Act (Act 815) to grant the Public Interest and Accountability Committee (PIAC) statutory powers to enforce infractions reported by the committee. PIAC, established under section 51 of the Petroleum Revenue Management Act (PRMA) in 2011, serves as an oversight body and platform for public scrutiny of petroleum revenues in Ghana.
However, the committee is not currently an enforcement agency, and Prempeh argues that PIAC's 15 years of reporting have not led to meaningful accountability or development. He highlighted that PIAC's 2025 annual report revealed that approximately 60% of outstanding surface rentals were owed by three companies whose petroleum agreements had been terminated since 2021.
Prempeh emphasized that while PIAC's role is primarily monitoring and public scrutiny, there is a need to empower the committee to take legal action against institutions and companies that fail to comply with petroleum revenue management obligations.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
