Published
5 years agoon
By
FrimpongThe Public Interest and Accountability Committee (PIAC) has asked government to shelve its plans of amending the Petroleum Revenue Management Act (PRMA) to access the Ghana Heritage Fund (GHF) as part of proposed fiscal measures to mitigate the impact of the COVID-19 pandemic.
In a Press Statement issued by PIAC rather advised government to review and reduce planned 2020 Annual Budget Funding Amount(ABFA) expenditure, and apply the savings to the COVID-19 Alleviation Programme (CAP).
“Reduce the capital expenditure focusing on roads and infrastructure,” PIAC proposed as an interim measure.
It further added:”As a body whose membership represents a broad spectrum of the Ghanaian society, the Committee’s position articulated in this statement is informed by its mandate under Act 815,to provide independent assessment on the management and use of Ghana’s petroleum revenues; by faithfully adhering to the principles and philosophy that informed the passage of the PRMA in the first place.”
It claimed that there have been previous attempts by successive governments to access the Heritage Fund for various reasons, to which PIAC objected.
“The Committee’s position is consistent with its understanding of the spirit of the PRMA on the management and use of the Ghana Heritage Fund (GHF) – to cater for the inter-generational ownership of the petroleum resource as well as the shared compensation on the adverse effects of petroleum extraction.”
Government Delivers Compensation to Over 500 Victims of Buduburam Rock Blast
Court warns prosecution over NAM1
Ghana’s debt: Government spending to please voters – John Gatsi
Stop protecting corrupt government officials – Mahama tells Akufo-Addo
Don’t compare your “useless government” to Nkrumah’s – Mahama to Akufo-Addo
Gov’t holds national conference on AfCFTA implementation agreement
Protect all Ghanaians not MP’s – Martin Kpebu
‘For Better Business Together’ programme to help transform businesses in Ghana
Election 2020: Govt plotting to turn Volta Region into a ‘war zone’ – Asiedu Nketia