Ministry of Finance presents vehicle to PIAC

The Ministry of Finance (MOF) has presented a vehicle to the Public Interest and Accountability Committee (PIAC) at a short ceremony held at the forecourt of the Ministry.

The presentation of the 4×4 Toyota Land Cruiser was done by Mrs Mona Quartey, Deputy Minister of Finance and received on behalf of PIAC by its Chairman, Prof. Paul Kingsley Buah-Bassuah.

Speaking at the ceremony, Mrs Quartey reiterated Government’s commitment to ensuring that PIAC’s significant role in ensuring transparency and accountability in the management of petroleum revenues in the country was greatly enhanced.

She stated that the donation would enable PIAC to have frequent public engagement on the revenue generation and utilization and its impact on the economy and pledged the Ministry’s continuous assistance to enable PIAC execute its mandate.

The Chairman of PIAC, Prof. Buah-Bassuah, stated that PIAC had seen some successes, namely strengthening and monitoring the collection and utilization of petroleum revenue to safeguard the growth of the industry for the country’s development.

He mentioned some of PIAC’s activities as exploring the potentials in the equitable distribution of the resources, accommodating different opinions from various stakeholders as well as Civil Societies and other interest groups and also leading the public to appreciate and understand the variations in petroleum pricing and its implications on the revenue spending trends for the recovery of the national economy.

“Through the above mentioned activities, the Committee has made significant contribution to policy making on the prudent management and oversight of the oil and gas revenues,” he said.

Source: GNA