PIAC seeks info on physical infrastructural projects nationwide

Business News of Saturday, 16 February 2019Source: ghananewsagency.orgPIAC seeks info on physical infrastructural projects nationwideDr. Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC)The Public Interest Accountability Committee (PIAC) Secretariat has called on the Ministry of Finance and Economic Planning (MoFEP) to provide it with information on all physical infrastructural projects it intends to fund with petroleum revenue in the country in 2019. This, according to the PIAC, an independent statutory body mandated to promote transparency and accountability in the management of the nation’s petroleum revenue would enable it to track and monitor such projects to avoid misappropriation of petroleum revenue. Dr Steve Manteaw, a policy analyst and Chair of PIAC, said the Committee had adopted some measures to ensure that the Metropolitan, Municipal and District Assemblies in the country would utilise petroleum revenues for their intended purposes. He said PIAC has finalised the processes and very soon it would sign a Memorandum of Understanding (MoU) with the Economic and Organised Crime Office to be able to facilitate prosecution of assemblies that would misappropriate petroleum revenue. Dr Manteaw expressed regret that though budgets were approved for, studies conducted by the PIAC showed there were several non-existent oil-funded projects in the country.


February 16, 2019 17:26 UTC

Cryptocurrency      African Press Release      Lifestyle       Hiring       Health-care       VMware