Business News of Tuesday, 1 June 2021Source: ghanaiantimes.com.ghSurface Rental payments to the government by companies in the petroleum sector in 2020 remain in arrears to the tune of US$2.1 million, the Public Interest and Accountability Committee (PIAC) 2020 Annual Report, has said. The PIAC Report said the 2020 arrears represent a 34.71 percent increase over the 2019 arrears of US$1.57 million. The report indicated that the non-payment of the surface rentals denied the Petroleum Holding Fund of the needed revenues for development projects. The Chairman of Public Affairs and Communications Sub-Committee of PIAC, Eric Defor said it was the responsibility of Ghana Revenue Authority (GRA) to collect surface rentals from the companies operating in the oil and gas sector. He said one of the companies operating in the oil and gas sector some few years ago left the country without paying surface rentals.

Source: GhanaWeb June 01, 2021 10:07 UTC