{
  "id": 16491098,
  "title": "PIAC awaits Finance Ministry data on use of petroleum revenues",
  "url": "https://urgent.news/2026/10/25/piac-awaits-finance-ministry-data-on-use-of-petroleum-revenues",
  "topic": "world",
  "section": "World",
  "published": "2026-10-25T14:49:55.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/piac-awaits-finance-ministry-data-on-use-of-petroleum-revenues/"
  },
  "original_language": "en",
  "account": "The Public Interest and Accountability Committee (PIAC) has released its 2026 semi-annual report on Ghana's petroleum revenue management, highlighting the need for additional data on the Ministry of Finance's use of allocated petroleum revenues. PIAC Chairman Richard Ellimah noted that the Committee had not yet received information from the Ministry regarding the Annual Budget Funding Amount (ABFA), which hinders a comprehensive assessment of government expenditure. The data is crucial for monitoring expenditure on infrastructure projects, such as the Accra-Kumasi Expressway, a key component of the government's Big Push Agenda. Ellimah expressed hope that the Ministry of Finance would provide the requested information, as it would change how PIAC conducts project inspections. The Committee also emphasized the importance of compliance with the legal provisions governing the provision of information to PIAC. Over its 15 years of operation, PIAC has not been aware of any prosecution for failure to comply with the Petroleum Revenue Management Act (PRMA). The Committee intends to seek guidance from the Attorney-General to address recurring compliance concerns, as legal infractions could not be independently addressed. PIAC's mandate includes promoting transparency and accountability in petroleum revenue management, with a focus on monitoring compliance and providing independent information to the public. The report on the first half of 2026 shows an increase in petroleum revenue receipts to US$561.4 million, driven largely by higher crude oil prices and a rise in corporate income tax receipts. However, the Committee cautioned that this increase was mainly due to higher prices rather than a corresponding rise in production, highlighting the vulnerability of petroleum receipts to fluctuations in the international oil market.",
  "summary": "The Public Interest and Accountability Committee (PIAC) released its 2026 semi-annual report on Ghana’s petroleum revenue management, noting that additional information on how the government uses petroleum revenues allocated to the national budget would strengthen its assessment of government expenditure. Mr Richard Ellimah, Chairman of PIAC, said the Committee had yet to receive information from…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}