Audio By Carbonatix
The Civil Society Platform on Oil and Gas has condemned a suit brought by the Saltpond Offshore Oil Company against the Chairman of the Public Interest Accountability Committee over recent comments he made about the company’s obligations to the state.
The company sued the PIAC Chairman and the Ghanaian Times for suggesting it had failed to pay government’s share of the revenue accruing from oil production in the Saltpond Field into the Petroleum Holding Fund, as required by law.
Addressing a news conference this morning, the civil society group dismissed the threat as an attempt to cow the oil revenue watchdog from playing its role effectively.
Chairman of the Civil Society Platform on Oil and Gas, Steve Manteaw told Joy News’ Sammy Darko the organization was “also demanding explanation from the Ministry of Finance, particularly the minister, on why he condoned the practice of paying monies relative to the operations of the Saltpond Fields into the non-tax revenue accounts when he was aware of the new statutory arrangements for receiving such payments.”
Dr Manteaw said all monies paid into the Finance Ministry’s non-tax revenue accounts should be moved into the petroleum holding fund and properly accounted for.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Prioritise cocoa sector with better prices, timely payments-Annoh-Dompreh urges NDC
17 minutes -
Lands and Mines Watch Ghana endorses Heath Goldfields’ mining capacity
32 minutes -
Gbintiri residents protest alleged diversion of 24-hour market project
57 minutes -
Justin Bieber headlines Coachella with nostalgia-fuelled set
60 minutes -
Ukraine and Russia accuse each other of hundreds of ceasefire violations
1 hour -
Asha Bhosle: The sound of Bollywood dies aged 92
2 hours -
Fire destroys section of 4-bedroom apartment at Tantra Hill
2 hours -
Safe city: Unnoticeable protection
2 hours -
North East Regional Police Commander raises alarm over burning of checkpoints
2 hours -
Free Primary Healthcare Programme set for take-off — Health Ministry confirms readiness
2 hours -
3 co-wives, 5 children perish in canoe disaster – Maritime Authority insists life jackets use mandatory for all water transport
3 hours -
Iran war lands ‘triple blow’ to flood-ravaged Sri Lankans
3 hours -
Gunmen kill at least 11 people at Afghanistan picnic spot
4 hours -
Woman, 25, in court for stealing baby at Bogoso
4 hours -
Trump unveils giant gold-accented victory arch design for US capital
4 hours