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GHC1.5b petroleum revenue not accounted for

An amount of GHC1.5 billion petroleum revenue cannot be accounted for in the 2019 fiscal year, the Public Interest and Accountability Committee (PIAC) has disclosed.

According to the committee, out of the 2.7 billion cedis accrued into the annual budget funding amount, the state only used 1.2 billion cedis with the remaining 1.5 billion not utilized and not accounted for.

Technical Manager for PIAC Mark Agyemang told Starr News “we do not actually have any clear explanation on this. They asked the ministry for an explanation, and as at the time we were filing the report the ministry couldn’t provide us with an explanation.”

“Because these monies were actually programmed for certain projects or activities to be undertaken. Have they been taken, and even if they are not taken, where is the money programmed for such activities?”


June 24, 2020


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