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.”