The Minority in Parliament asked the government for to account for over $100 million accrued from Ghana’s Petroleum lifting in the first quarter of 2022.
The Minority in a statement issued on Wednesday, September 28, insisted the revenue from the Jubilee and TEN fields to a company was transferred illegally.
According to the Caucus, the transfer of the said money required Parliamentary approval.
It said this “amounts to a gross violation of the Petroleum Revenue Management Act, 2011 (Act 815) and Public Financial Management Act (Act 921).”
The Minority also alleged that the Finance Minister has ceded shares from the 2021 Occidental (Oxy) transaction in respect of the Jubilee and TEN Fields to an offshore company known as JOHL “in a very surreptitious and opaque manner.”
“The Minority is very much alarmed that contrary to requirements of the PRMA, revenues accruing from the nation’s oil fields are not being paid into the Petroleum Holding Fund (PHF), which has been confirmed in the 2022 semi-annual report on petroleum receipts by the Public Interest and Accountability Committee (PIAC).”
The Minority feels the nation’s oil resources cannot be entrusted in their care.
“This is surely another “Agyapa” deal in the making, and we as a Minority will not sit aloof for this Government to raid the national purse, especially at a time when the nation is struggling to raise much-needed revenues for critical expenditure.”
Latest Stories
-
Adamus accused of defying court-directed Interim Management Committee
7 mins -
NPP running mate saga: Frontrunners will be disappointed – John Boadu
23 mins -
As power crisis worsens, calls for truce between ECG and PURC intensify
23 mins -
Unstable exchange rate affects claims payment – Ghana Insurers Association
30 mins -
Bank of Africa Ghana donates to Chief Imam, hosts Moroccan community to mark Ramadan activities
47 mins -
We’re winning 2024 polls hands down – PNC declares
50 mins -
Zen Petroleum opens 50th fuel retail station
56 mins -
Dumsor contributed to NPP’s 2016 victory – Prof Agyeman-Duah
58 mins -
Police link prominent SA businessman to rapper AKA’s murder
1 hour -
Richard Sky’s case must also be thrown out – Sam George
1 hour -
John Kumah’s one-week observance comes off today
1 hour -
WAEC opens online registration for BECE, WASSCE, and G/ABCE candidates
1 hour -
NDC’s allegations of bias against Supreme Court unwarranted, baseless – AG
2 hours -
Akufo-Addo hiding behind judiciary not to sign anti-LGBTQI+ Bill – Asiedu Nketia
2 hours -
‘There were very curious things taking place’ – Usher’s comments about living with Diddy at 14 resurface
2 hours