PIAC

26 Jun

Promote A Business-Friendly Regulatory Environment In Upstream Petroleum Sector – PIAC To Government

Wontumi1Businessforeign firms, Mark Agyemang, PIAC, upstream petroleum sector

The Public Interest and Accountability Committee (PIAC) is advising the government to promote a very business-friendly regulatory environment in the upstream petroleum sector to attract foreign investors. According to PIAC, the unitisation case between Italian firm ENI and Ghanaian firm Springfield in which Springfield appears to have been favoured did not go down well with foreign firms. Speaking to Joy Business, Technical Manager at PIAC, Mark Agyemang said the government must ensure a level playing field, else the foreign investors that have the capacity to explore and produce oil will shun Ghana. “Ghana should be seen to be a business-friendly…

24 Mar

“Government Fully Committed To Supporting PIAC” – President Akufo-Addo

Kakra NunuBusiness, FeaturedPIAC, President Akufo-Addo

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has reiterated Government’s support for the work of the Public Interest and Public Interest and Accountability Committee (PIAC), the organisation tasked with monitoring and evaluating compliance with the Petroleum Revenue and Management Act (PRMA) by government and other relevant institutions in the management and use of petroleum revenues and investments. Speaking at the 10th anniversary celebration of PIAC, at a ceremony held at the Kempinski Hotel, in Accra, President Akufo-Addo stated “that relations between PIAC and Government, which were in the past, at times, somewhat stormy, have, at least since I…