GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Business

Demand Accountability On Oil Revenue – ACEP To Ghanaians

June 7, 2017
in Business
Share on FacebookShare on Twitter

The African Centre for Energy Policy (ACEP), an energy-focused think – tank has called on Ghanaians to demand accountability on oil revenue funded projects in local communities to minimise corruption in the sector.

You Might Also Like

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

Online Casino Best-Themed Games

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

The Acting Executive Director of ACEP Mr Benjamin Boakye, who made the call, observed that previous tracking of oil revenue funded projects revealed that budgetary allocation did not necessarily translate into actual execution of projects.

Beneficiary communities are also not often consulted for their priority needs before these projects are executed, he said when speaking at a stakeholder’s forum at Dormaa-Ahenkro in the Brong-Ahafo Region.

ACEP with support from the Ghana Oil Governance for Inclusive Growth (GOGIG) organised the forum to sensitise opinion leaders in the Dormaa Municipality on the need to check the utilisation of the oil revenue in the communities.

The rationale behind it was to enhance citizens’ participation in the extractive resource governance of the country.

Mr Boakye presented findings on value for money audit report on the GHC 251,000.00 school project at Dabaabi in the Municipality, which was funded through the oil revenue to the participants.

He explained that the government had invested huge revenue from the oil sector in various sectors of the economy and since 2011 the country started enjoying proceeds from its oil resources to improve on the socio-economic well-being of citizens.

Mr Boakye said the government had formulated various laws to effectively regulate and manage the oil revenue judiciously.

These include; the Petroleum Revenue Management Act (PRMA) (Act 815), Local Content and Local Production, Exploration and Petroleum (EP) Act passed in 2016.

Mr Boakye observed that because citizens had not shown interest to know the sources of funding of some projects in the communities, they were not able to monitor and demand accountability from the government.

The Acting Executive Director expressed concern about certain implementation challenges in the PRMA which needed to be amended and corrected.

Some of the challenges include; the spreading of revenue on so many projects, missing projects, double counting of projects under the government of Ghana funding sources, time overruns, and cost overruns among others.

Barimah Yeboah Kordie, Aduanahene of Dormaa Traditional Area, recommended that traditional and other opinion leaders in beneficiary communities ought to be provided with copies of contract document to enable them follow up on projects.

“How can a chief who is a custodian of his land be naive about a project which is being undertaken in his own community”, he asked.

Other participants also mentioned political influence, ignorance, lack of wider consultation, lapses and weaknesses in the decentralisation and governance system as some of the reasons that contributed to inability to track execution of projects in local communities.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: acepacting Executive DirectorAfrican CentreBenjamin BoakyeBrong Ahafo RegionBusiness_FinancecustodianDormaa Ahenkroenergyghanaoil resourcesoil revenueoil sector

Related News

Covid-19: President Akufo-Addo To Address Ghanaians Tonight

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

by ghanastar
December 9, 2020
0

Nana Akufo-Addo won Ghana’s national election, becoming president-elect at the third attempt and cementing the country’s reputation as a standard-bearer...

Online Casino Best-Themed Games

Online Casino Best-Themed Games

by ghanastar
July 9, 2020
0

Whether you like casino games or not, we can all agree that people like themes, and they express their lover...

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

by ghanastar
July 14, 2020
0

Cisco’s certifications are among the most popular credentials for IT professionals. The company is considered to be one of the...

Burkina Faso: Attack on Church Kills at Least 14

by
December 1, 2019
0

At least 14 people have been killed after gunmen opened fire inside a church in Burkina Faso. The victims were...

Next Post

Stop Unnecessary Port Charges - Shipping Lines Urged

Army Worms Destroy Hectares of Farms In Sunyani

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com