Pulse.com.gh logo

Ghana's Oil Revenues PIAC does not need prosecutorial powers- ACEP

The call for the extension in PIAC’s mandate was made during the presentation of the 2015 annual PIAC report on the appropriation and accounts of oil revenue.

  • Published:
Petroleum House, Ghana play

Petroleum House, Ghana

The  Africa Centre for Energy Policy- ACEP has kicked against calls for the Public Interest and Accountability Committee to be given powers  to prosecute perpetrators of financial malfeasance in relation to oil revenues.

The call for the extension in PIAC’s mandate was made during the presentation of the 2015 annual PIAC report on the appropriation and accounts of oil revenue.

The Public Interest and Accountability Committee is a body setup by law to be custodians of Ghana’s oil revenues. They however do not have powers to prosecute perpetrators. They can only highlight discrepancies for onward prosecution by the Attorney General’s department.

READ MORE: PIAC Report GNPC denies overspending 2015 budget

Responding to the call however, Deputy Director of the Africa Centre for Energy Policy, Ben Boakye believes that giving PIAC prosecutorial powers will render the committee inefficient.

“ There is no need for the powers of PIAC to be extended. They only need to be strengthened to be more efficient in what they have been mandated to do.”

He added that an extension of PIAC’s powers to prosecute perpetrators will conflict with the powers of parliament’s Public Accountability Committee.

“ Parliament’s Public Accounts Committee has the power to sanction perpetrators when it comes to financial malfeasance involving public revenue, so granting those same powers to PIAC will amount to a conflict of powers”, Ben Boakye told CITI Fm.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
4 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
5 Increment Fuel prices to go up again – IESbullet
6 Bank Collapse Capital Bank Board misused GHC 610 million from...bullet
7 Capital Bank Collapse Here are the roles of a non-executive...bullet
8 Banking In Ghana Stranded customers of First Allied...bullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Incompetence Otabil wasn't qualified to be Capital...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Support Finance minister buys Kantanka carbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet