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Oil drilling platform Shengli No.4 is in the midst of shipment at the outer anchorage of a port in Yantai, east China’s Shandong province, Feb. 8, 2018. The Shengli No. 4 and the New Shengli No.1 will be sent to Nigeria for oil exploration services. (Photo by Chu Yang from CFP)

Accountability committee worried over corruption in the use of Ghana’s oil revenue

The multi-stakeholder accountability committee of Ghana’s oil sector is worried about the level of corruption in the use of Ghana’s oil revenue, Steve Manteaw...
petroleum revenue

ACEP Charges MoF To Account For The Unutilized GH¢400.9 Million Oil Revenue

The Energy Policy Think Tank, Africa Centre for Energy Policy (ACEP), has charged the ministry of finance to account for the GH¢400.9m oil revenue...
Mr Kwaku Kwarteng launching the 2015 GHEITI Report

Ghana received substantial amounts of revenue in 2015

The Government received a total of 396.17 million dollars as petroleum revenue for the year 2015, and exported crude oil that contributed to 18.7...

Risk Aversion Drains US$150M From Ghana’s Oil Revenue

Ghana lost more than US$150 million in oil revenue because the country refused to hedge the black gold in the year 2016. This was...

Don’t Depend Much On Our Oil Revenue – Kwame Asafu Adjei

The deputy chairman of the Parliamentary Select Committee on Food, Agriculture and Cocoa Affairs, Mr. Kwame Asafu Adjei, has said government should not depend...
Professor John Gatsi

Experts urge Ghana government to review petroleum revenue management law

Experts here have underscored the need for the Ghanaian government to review its Petroleum Revenue Management Act (PRMA) (Act 815) to ensure prudent utilization...

President hailed for supporting NHIS through oil revenue allocation

The Universal Access to Healthcare Campaign (UAHCC) has welcomed the decision of President John Dramani Mahama, to allocate a portion of the oil revenue...
NHIS

UAHCC in support of Mahama’s oil revenue allocation to NHIS”

The Universal Access to Healthcare Campaign (UAHCC) has welcomed the decision of President Mahama to allocate a portion of the oil revenue to the...
oil

Ghana’s oil revenue spent thinly on too many projects

A research report by SEND-Ghana, a sub-region charity, received by Xinhua revealed that the ABFA, which are disbursements into the consolidated fund in support...
Oil

Ghana’s Oil Money Is Not Enough for Development – Prof.Buah

He said the country receives only five percent of the royalty interest from the oil revenues and out of that, 70 per cent goes...
Affail Monney

Ghanaian Journalists Failed In Monitoring Oil Projects – GJA

He said here at the Bagabaga College of Education in Tamale during a week tour of oil projects in the three regions of northern...
Oil contributes more than 70% to Nigeria's government revenues

PIAC ‘Mad’ Over Ghana’s Non-Existent Oil Funded Projects

This follows a tour by PIAC members and a team of journalists from the Institute of Financial and Economic Journalists (IFEJ) to the three...
The Oil industry

PIAC dismayed over Gov’ts mismanagement of oil money projects

He was also shocked to realize that after the funds have been released for the projects, nobody ensures that proper monitoring and supervision...

Nigeria’s oil revenue drops further – Ahmed Idris

Nigeria, the largest oil producing nation in Africa, recorded a total loss of 143.96 million U.S. dollars in oil revenue last December, the official...
Wpid Phojubileefields

Jubilee Fields Oil revenue status for September 2015

Ghana, under the Ghana Hybrid System lifted 27,169,710 barrels valued US$2,634,944,442 representing about 17% of total production revenue. Corporate taxes earned over the period totaled...
oil

Government must be held accountable for oil revenue

By Mohammed Suleman Five new members were last week sworn-in as members of Public Interest and Accountability Committee (PIAC) with an arduous responsibility of monitoring...
oil

Oil revenue surges to GH?5.2 billion

But the Public Interest and Accountability Committee (PIAC) monitoring the judicious use of the oil revenues for the people has admitted that it is...
oil

Advocacy and media focus are key to oil money utilisation

Discussants at a day?s workshop on a regional consultative forum have asserted that advocacy and media focus is not only key but critical to...
oil rig

Use Ghana Oil Money To Expand Industries – Expert

By Francis Tandoh An energy expert Tuesday urged West African country, Ghana to use oil revenue to develop other industries to ensure sustainable livelihood in...

ACEP Boss Calls For Citizen Participation In Oil Revenue Matters

Dr. Mohammed Amin Adam, Executive Director of the Africa Centre for Energy Policy (ACEP), on Friday said it was important that the citizenry participated...
Seth Terkper, Minister of Finance

2015 Budget Forward Looking but Fails to Address Energy Sector, ACEP .

The Africa Centre for Energy Policy (ACEP), while applauding ?the government of Ghana for its 2015 Budget Policies, ? saying it contains many progressive...
Africa Centre for ICT Journalism

Africa Centre for ICT Journalism opens two-day ?hackathon?

The Africa Centre for ICT Journalism (Penplusbytes) on Friday opened a two-day ?hackathon? which will focus on developing technological solutions to stimulate better management...

Ghana Makes US$104 M In Oil Revenue

Total oil revenue recorded by the country at the close of the third quarter stood at US$104 million. The monies were earned from sale of...

1.8 billion dollars accrued from Ghana?s oil

Ghana has generated 1.8 billion dollars from its oil revenue since 2011, Dr Mohammed Amin Adam, Executive Director of the Africa Center for Energy...

Prioritize Capital Projects, CSOs Advises Government.

Civil societies at a day?s round table discussion have once again renewed the appealed to Government to carefully select key projects that can be...
Oil

Finance Ministry Denies Misuse Of Oil Revenue

The Ministry of Finance has reacted to a statement by the ACEP to the effect that government was braching the constitution in its use...
Wpid Oil

There is the need to spend oil revenue on particular projects

The Chairman of the Public Interest and Accountability Committee (PIAC), Major Daniel Sowah Ablorh-Quarcoo (retd), has called on the government to develop a national...

Gov Dickson Laments Drop In Oil Revenue

Disturbed by the rising cases of crude oil theft adversely affecting revenues accruing to Bayelsa State from the Federation Accounts Allocation Committee, FAAC, in...
Oil

Ghana Commended For Oil Revenue Management Laws

Ghana goverernment's management of oil revenues are relatively well-governed, a non-governmental organization has said in a statment released in Accra.The Revenue Watch Institute, a...

Atuabo Gas plant delay to affect oil revenue

The country's daily oil production is likely to drop from the current level of 100,000 barrels per day (bpd) to about 70,000 due to...