/Government Failed to Account For Oil Revenue

Government Failed to Account For Oil Revenue

Information reaching WestAfrica24.com indicates that the Nana Addo Dankwah Akufo Addo led government spent 332 million Ghana Cedis out of the 700 million petroleum revenue received in 2017, the balance of which is yet to account for.

This came to light during a public forum organised by the Public Interest and Accountability Committe, PIAC, on the management for petroleum revenue in Ashaiman.

More starling, PIAC in its mandate of demanding the 2017 balance of petroleum revenues has also discovered some balance for 2018 which is also yet to be accounted for.

Currently, the New Patriotic Party, NPP, administration is yet to account for 655 million Ghana Cedis, being the balance of petroleum revenues expanded for 2017 and 2018 years.

Speaking in an interview with WestAfrica24.com, the Chairman of PIAC, Dr. Steve Manteaw said the committee has established that some projects have been executed on an official records, yet these projects doesn’t exist.

The sterling revelations he noted has prompted the committee to in the few days ahead hand cases of those individuals to Economic and Organized Crime Organization, EOCO, for investigation and onward prosecution, in line with a memorandum of understanding reached between PIAC and EOCO early this year.

Dr. Manteaw cited cases of Nakore and Dure Irrigation Dams which were supposedly completed on official document in the northern sector of the country with petroleum revenues.

However, interestingly, the committee was scandalised to have found nothing on the grounds when it visited those sites, two clear years after the so called projects were assumably executed.

Interestingly, it was ascertained at the forum that, PIAC has been chasing the current Finance Minister over a balance of oil revenues it expended for 2017 till date, but he keep pushing for more time.

The PIAC Chairman said he will not say it has been misappropriated since the Finance Minister has again asked that the committee gives them up to the end of 2019 to render accounts, though he is unaware of what the problem might be.

Mr. Manteaw however asked for the involvement of Metropolitan, Municipal, and District Assemblies, MMDAs in the monitoring and supervisory of projects in their respective jurisdictions to ensure efficiency in delivery, and avoid the unpleasant current situation where MMDAs are unaware of projects being funded by petroleum revenues in their domain.

He also hinted that the committee will in the near days ahead refer cases involving some former appointees of the erstwhile Mahama administration to EOCO for probe and possible prosecution over misappropriation of oil revenues on ghost projects.

Participants at the forum included Assembly Members, women groups and the youth.

By: Paul Mamattah