Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Civil Society on oil demands explanation from Finance Minister over oil money

  • SOURCE: | Editor
  • The Civil Society Platform on Oil and Gas has condemned a suit brought by the Saltpond Offshore Oil Company against the Chairman of the Public Interest Accountability Committee over recent comments he made about the company’s obligations to the state.

    The company sued the PIAC Chairman and the Ghanaian Times for suggesting it had failed to pay government’s share of the revenue accruing from oil production in the Saltpond Field into the Petroleum Holding Fund, as required by law.

    Addressing a news conference this morning, the civil society group dismissed the threat as an attempt to cow the oil revenue watchdog from playing its role effectively.

    Chairman of the Civil Society Platform on Oil and Gas, Steve Manteaw told Joy News’ Sammy Darko the organization was “also demanding explanation from the Ministry of Finance, particularly the minister, on why he condoned the practice of paying monies relative to the operations of the Saltpond Fields into the non-tax revenue accounts when he was aware of the new statutory arrangements for receiving such payments.”

    Dr Manteaw said all monies paid into the Finance Ministry’s non-tax revenue accounts should be moved into the petroleum holding fund and properly accounted for.

    http://business.myjoyonline.com/pages/news/201205/87195.php

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Nov 2018 >>
    MTWTFSS
    29 30 31 1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 1 2
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar