PIAC citing an example pointed to a recurrence of wrongful lodgment of petroleum revenues/receipts into Ghana Revenue Authority accounts contrary to the dictates of the PRMA. “Closely linked with the above challenges is the inconsistent allocation of petroleum revenue and also the late enactment of subsidiary legislation to the PRMA. PIAC urged government to expedite action on the recommendation to ensure the efficient management and use of the country’s oil revenue. PIAC which is an independent statutory body mandated to promote transparency and accountability in the management of petroleum revenues in Ghana was established in 2011. This year, PIAC is celebrating its 10th year anniversary with the theme ‘Strengthening Citizens’ Ownership and Understanding of PIAC and Its Oversight of Petroleum Revenue Management’.
