The Public Interest and Accountability Committee (PIAC) is established under Section 51 of the Petroleum Revenue Management Act (Act 815) with the following objectives:
a. Monitoring and evaluating compliance with the Act by the Government and other relevant institutions in the management and use of petroleum revenues.
b. Providing a platform for public debate on spending prospects of petroleum revenues in line with development priorities.
c. Providing an independent assessment on the management and use of revenues. The Committee is mandated by the law to publish a semi-annual and an annual report by the 15th September and 15th March each year. This report issued in compliance with Act 815 contains the findings and recommendations of the Committee based on its assessment of the management of petroleum revenues in 2011.
FULL REPORT AVAILABLE AT http://www.piacghana.org/PIAC%20REPORT_2011%20annual_final%20for%20website.pdf