Sylivester Lugutu
Accra October 6, 2015: The Intergrated Social Development Centre (ISODEC) director Dr Steve Manteaw will be joining a 13—man Public Interest and Accountability Committee to help the team improve transparency and accountability in petroleum revenues in Ghana.
The Chairman of the PIAC, Prof Paul Kingslay, disclosed today during an ongoing training on strengthening media oversight of the extractive sector for Tanzanians, Ghanians and Ugandan journalists.
According to the chairman Dr Manteaw will be taking over from this November, representing Ghana Journalists Association, the position currently held by Mr Yav Owusu—Addo.
However the chairman was cautious that in order to forestall arbitrariness as well as deepen accountability and responsiveness in the management of petroleum revenues, “parliament should make it a mandatory that the reconciliation report submitted by the Finance Minister every first quarter of the year includes a report detailing the outcome of Annual Budget Funding Amount spending for the proceeding year.”
Prof Kingslay said while there has been positive development activities in the Tweneboa Enyenra—Ntomme (TEN) fields at 46.1percent below 47.7 percent target first oil and gas is likely to be discharged in the third quarter of 2016 and 2017 respectively.
“Its our expectations also we will improve our quality of work this year,” he noted.
Delivering a keynote presentation at the workshop Dr Manteaw simply said natural resources have the potential for generating economic growth but as a state, involvement of citizens, opposition parties and CSOs is extremely vital in the management of the resources.
Ends…
Accra October 6, 2015: The Intergrated Social Development Centre (ISODEC) director Dr Steve Manteaw will be joining a 13—man Public Interest and Accountability Committee to help the team improve transparency and accountability in petroleum revenues in Ghana.
The Chairman of the PIAC, Prof Paul Kingslay, disclosed today during an ongoing training on strengthening media oversight of the extractive sector for Tanzanians, Ghanians and Ugandan journalists.
According to the chairman Dr Manteaw will be taking over from this November, representing Ghana Journalists Association, the position currently held by Mr Yav Owusu—Addo.
However the chairman was cautious that in order to forestall arbitrariness as well as deepen accountability and responsiveness in the management of petroleum revenues, “parliament should make it a mandatory that the reconciliation report submitted by the Finance Minister every first quarter of the year includes a report detailing the outcome of Annual Budget Funding Amount spending for the proceeding year.”
Prof Kingslay said while there has been positive development activities in the Tweneboa Enyenra—Ntomme (TEN) fields at 46.1percent below 47.7 percent target first oil and gas is likely to be discharged in the third quarter of 2016 and 2017 respectively.
“Its our expectations also we will improve our quality of work this year,” he noted.
Delivering a keynote presentation at the workshop Dr Manteaw simply said natural resources have the potential for generating economic growth but as a state, involvement of citizens, opposition parties and CSOs is extremely vital in the management of the resources.
Ends…
No comments:
Post a Comment