By Stephanie Nkrumah
The Public Interest Accountability Committee (PIAC) has organised a sensitisation workshop for media persons to deepen understanding and share knowledge on its 2023 annual report.
The two-day workshop was to discuss the 2023 annual report to help the media be aware with the findings and recommendations on how Ghana’s petroleum revenue receipts are utilized
The 2023 Annual Report is in fulfilment of PIAC’s statutory obligation under the Petroleum Revenue Management Act, 2011 (Act815), as amended by Act 893, to publish Semi-Annual and Annual Reports.
“This Report is a reconciliation of data supplied by stakeholder institutions, and an independent assessment of the collection, management, and use of the country’s petroleum revenues”, PIAC indicated in the report.
Mark O. Agyemang, Technical Manager at PIAC, in a his presentation commended GNPC for its role in managing Ghana’s interest in oil upstream petroleum activities for over 30 years since its establishment.
However, he emphasised that, “the NOC must start refocusing on its core mandate , and increase its efforts at becoming a viable stand alone operator.”
“Additionally, to survive and thrive in the energy transition , the GNPC needs to rethink its strategy and business models and explore new opportunities and markets”, he added.
