Major Daniel Sowah Ablorh-Quarcoo, Chairman of Public Interest and Accountability Committee (PIAC), on Thursday assured Ghanaians that the committee would discharge its duties carefully and dispassionately to protect that public interest.
He said: “This will call for careful and passionate examination and reporting of issues such that Ghanaians will have confidence in their Government and all institutions involved in petroleum revenue management.”
Speaking at a press conference in Accra, Maj. Ablorh-Quarcoo, said the PIAC was not supposed to be just an information bank or conduit, but it was expected to put together and examine all information affecting players in the petroleum revenue management to ensure efficiency and effectiveness.
Maj. Ablorh-Quarcoo said members of PIAC had been working on the quite, putting together a Secretariat and updating themselves on available relevant information and statistics relating to Ghana’s oil industry, as well as consulting on best practices regarding the management and use of petroleum revenues as pertained elsewhere in oil-rich countries.
He said: “We intend to dedicate our time on the committee to faithfully monitor and render a true account of the oil revenues to Parliament, the Executive and Ghanaians in general.
“This, we hope, will give the public some confidence in what to expect from the oil find at any given time,” Major Ablorh-Quarcoo said.
The Committee was inaugurated last September by the Minister of Finance and Economic Planning, Dr Kwabena Duffour, to monitor and evaluate how the government manages and uses petroleum revenues for the benefit of Ghanaians.
The 13-Member committee was established as an oversight body by the Petroleum Act and charged, among others, with the responsibility to monitor, evaluate compliance with the law, provide independent assessment and, above all, provide space and platform for the general public to debate on the management and use by government of the petroleum revenue and the investments made from the revenue.
Other institutions represented on the committee are Ghana Trades Union Congress, National House of Chiefs, Association of Queen Mothers, Association of Ghana Industries and Chamber of Commerce, Ghana Journalists Association, Ghana Bar Association and Ghana Extractive Industries Transparency Initiative.
The rest are Christian groups, made up of Catholic Secretariat, Christian and Pentecostal Councils represented on rotational basis, Federation of Muslim Councils and Ahmadiyya Mission also represented on rotational basis and Ghana Academy of Arts and Sciences. GNA