The Public Interest and Accountability Committee (PIAC) was yesterday forced to move from it’s Adabraka offices. The petroleum revenue management agency was kicked out from the premesis after failing to renew their tenancy agreement.
This comes despite assertions from the Finance Minister, Seth Tekper that funds had been released to the institution, after a revelation from the chairman of the PIAC Major Daniel Sowah-Ablorh Quarcoo weeks ago, that they risked eviction as they had no money to pay for office accommodation.
The institution has often asked for increased funding from the government.
The Chairman of the Communication Committee of the PIAC, Yaw Owusu Addo informed JoyNews that as at now, the institution has no office space, as they do not have the funds with which to acquire one.
Mr. Owusu Addo bemoaned the lack of adequate funding for the watchdog institution which is supposed to monitor, advice and inform the general public of how the oil revenue is being used by Government.
He was of the opinion that every Ghanaian should be concerned about this development, saying, “It looks like we are not interested in monitoring our use of the revenue from oil”.
Mr. Owusu Addo expressed worry over the seeming lack of interest, because “the oil money is going to be big. Gas is also coming on stream. Gas is going to be big”.
He suggested that it may be in the interest of certain individuals that the PIAC be unable to monitor the use of the oil fund and added that if Ghanaians are not careful, “some people will take advantage”.
The PIAC has a core mandate to monitor and evaluate compliance of the petroleum revenue management law and ensure prudent use of petroleum revenues.