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


News in Brief

Government asked to allocate portion of oil and gas revenue to NHIA

  • SOURCE: | Editor
  • Participants at the first public meeting on the management of petroleum revenue, held in Takoradi in the Western Region, have called on Government to allocate portion of revenue accruing from oil to the National Health Insurance Authority (NHIA).

    This they said would enable the authority to meet the health needs of Ghanaians, particularly the aged, who sometimes could not afford quality health care.

    The public meeting, organised by the Public Interest and Accountability Committee (PIAC), was aimed at increasing access to information on revenue from the oil fields, ensuring accountability as well as soliciting public opinion on the usage of the fund.

    The PIAC was formed in September 2011 after the establishment of the Petroleum Revenue Management Act (ACT 815), to monitor and evaluate compliance with the Act by Government and other relevant institutions in the management of petroleum revenue.
    The committee is also expected to provide a platform for public debate on spending prospects of the revenue in line with development priorities, as well as providing an independent assessment on the management and use of revenue.

    Participants commended Government and the PIAC for the initiative, and said that funds allocated to the annual budget from the Petroleum Holding Fund must also be channelled into specific projects needs across the country.

    They called for the initiation of scholarships for students, particularly those in the catchment areas of the oil find, in order to improve local content, training of media practitioners for better education and improvement of road networks within the Western Region.

    The participants asked for proper documentation and storage of information at the national archives.
    Some participants expressed disappointment at what they termed loose performance contract in which Ghana only gets 18 per cent of the total oil lifts from the companies operating in the jubilee fields, and the lack of a national edifice on the oil to serve as a tourist attraction.

    Mr. Yaw Owusu Addo, Member of the Committee, said that the PIAC would serve as a platform for people to interrogate stakeholders on the usage of oil revenue to avoid any crisis as a result of mismanagement.

    He said the Committee would continue to publish semi and annual report on the management of the revenue, to ensure transparency and accountability that often characterised such great national resource.

    Nana Kobina Nketsiah, Omanhene of Essikado, called on Government to improve the rail network in the country, particularly in the region to overshoot the transport burden on the roads.

    Ms Emelia Arthur, Deputy Western Regional Minister, asked the Metropolitan, Municipal and District Assemblies to educate the people on  reports on oil transactions.

    Mr. David Yaro, Chief Director of Regional Coordinating Council, was optimistic that speculations about malpractices in the oil and gas sector in other countries would be averted in Ghana through PIAC and asked the members to work hard to ensure transparency and allay the fears of Ghanaians of any resource curse.

    GNA

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    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
    << Jun 2018 >>
    MTWTFSS
    28 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
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar