Business News of Saturday, 18 September 2021Source: GNAThe Public Interest and Accountability Committee’s (PIAC) Report on Oil Revenue shows that Ghana has bagged over US$6.5 billion over the last ten years of mining the “black gold”. Out of the US$6.550 billion received from 2011 to 2020, the Ghana National Petroleum Corporation received $2,012.16 billion, representing about 30.72 percent, Annual Budget Funding Amount (ABFA) had $2,557.12 billion (39.04 percent), the Ghana Heritage Fund had $0.587 billion (8.97 percent), while the Ghana Stabilisation Fund received $1,393.18 billion (21.27 percent). Professor Kwame Adom-Frimpong, the Chairman of PIAC, disclosed this at a forum in Takoradi for stakeholders in the Western and Central regions. Prof Adom-Frimpong said as a citizen-led group, the PIAC would continue to engage the people to have collective views on the usage of revenue from the resource. He urged the PIAC to create more visibility and employ lots of languages for effective communication among the populace.

Source: GhanaWeb September 18, 2021 10:41 UTC