News Line! The Public Interest and Accountability Committee (PIAC) has chided the Finance Ministry for failing to provide details on how over GH¢ 111 million allocated for Capacity Building in the 2012 budget was utilised. The Committee in a recent report on how petroleum revenues were managed in 2012, which was published in the Daily Graphic on Thursday January 23, 2014, is also not enthused by disparities in the Finance Ministrys report to Parliament and a subsequent full report on how oil revenues were utilised. The Public Interest and Accountability Committee, established under the Petroleum Revenue Management Act to, among other things, provide an independent assessment of the management and use of petroleum revenues has therefore charged the Ministry to take immediate steps to publish a more detailed report on expenditure from petroleum revenues. Parliament approved the total sum GH¢ 111,959,738 for a not-too-clear Capacity Building initiative, but this has been described by some analysts as a misplaced priority and a waste of scarce revenue.
Posted on: Fri, 24 Jan 2014 09:11:41 +0000
Trending Topics
Recently Viewed Topics
© 2015