By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Black Volta canoe accident claims lives of seven Lawra SHS students
    GES warns public of fake recruitment ads, appointment letters
    June 29, 2025
    Apaak commiserates with families of students killed in Nkwanta shooting incident
    June 29, 2025
    69 suspected H1N1 cases recorded at Anum Presby and Boso SHSs
    June 29, 2025
    Lands Minister intervenes to stop clash between taskforce and rogue mining group
    June 29, 2025
    Legon Lodge leads tree-planting at University of Ghana to combat climate change
    June 29, 2025
  • Business
    BusinessShow More
    Sarsoli Industries returns to K 2025, championing Africa’s role in global plastics innovation
    June 28, 2025
    Bank of Ghana cautions public against 10 unlicensed Money Transfer Organisations
    June 27, 2025
    Chief Of Staff strengthens Ghana–China investment ties
    June 27, 2025
    24-hour economy officially takes off on July 2 – Goosie Tanoh confirms
    June 27, 2025
    Consumer Groups slam PURC over unjustified 2.45% electricity tariff hike
    June 26, 2025
  • Politics
    PoliticsShow More
    Kwasi Kwarteng Appointed Official Spokesperson for Kennedy Agyapong’s Campaign
    June 29, 2025
    Torkornoo should have resigned after media engagement – Jantuah
    June 28, 2025
    Name and shame those threatening you — Ellen Daaku advises Torkornoo
    June 28, 2025
    Minority has no legal grounds to demand Mahama, AG response on Torkornoo’s claims – Lawyer Bidema
    June 28, 2025
    You can’t silence her – Ama Daaku slams critics over Torkornoo’s public address
    June 28, 2025
  • Entertainment
    EntertainmentShow More
    Cultural Heritage: Preserving what cannot be stored
    June 29, 2025
    Akwaboah to release heartfelt single ‘Smile Again feat Nadia Buari
    June 26, 2025
    A Call for Greater Regional Representation in Ghana Music Awards Presentations
    June 25, 2025
    Sparqlyn wins 2025 APLA African Best Ghanaian Musician award in Lagos
    June 24, 2025
    W.E.B. Du Bois Museum Foundation commemorates 40th anniversary of historic Du Bois Centre’s dedication
    June 24, 2025
  • Sports
    SportsShow More
    Black Queens fall 3-1 to Nigeria in final WAFCON warm-up clash
    June 29, 2025
    Aura233 returns to Carry1st COD finals, targets $1M world prize
    June 29, 2025
    Socaloca’s App Workshop: A Game-Changer for Football Enthusiasts
    June 29, 2025
    EIB Network visits GHALCA ahead of President’s Cup showdown
    June 28, 2025
    Kotoko and Hearts set for epic showdown in 2025 President’s Cup
    June 26, 2025
  • Technology
    TechnologyShow More
    Real Quantum Dot Technology in Samsung QLED TVs
    June 29, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
    Onafriq, PAPSS partner to launch cross-border payment services in Ghana 
    June 20, 2025
    Yellow Card, Visa partner to accelerate stablecoin adoption across emerging economies
    June 19, 2025
    Samsung takes Galaxy Z Series to a new era
    June 18, 2025
  • International
    InternationalShow More
    Indian Prime Minister to visit Ghana July 2–3 for bilateral talks
    June 27, 2025
    Starrfm.com.gh
    Former Ambassador to U.S. lied about optional services at Embassy – Ablakwa fires back
    June 26, 2025
    Ghana risks US visa ban over high student overstay rates – Okudzeto Ablakwa
    June 26, 2025
    Save lives, don’t drop bombs – Mahama urges world leaders at Gavi summit
    June 26, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: $100m oil cash: Return all illegal payments into petroleum fund – Mahama to Ofori-Atta
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
HeadlinesPolitics

$100m oil cash: Return all illegal payments into petroleum fund – Mahama to Ofori-Atta

Isaac Dzidzoamenu By Isaac Dzidzoamenu Published October 3, 2022
Share
SHARE

Former President John Mahama has waded into the alleged missing $100 million oil cash with a call on the Minister for Finance, Ken Ofori-Atta to “as a matter of urgency repatriate all such illegal payments back into the PHF.”

The Minority in Parliament who broke the news in a statement expressed worry over the government’s inability to account for over $100 million accruing from Ghana’s Petroleum lifting in the first quarter of 2022.

The statement signed by the Ranking Member on the Energy and Mines Committee of Parliament, John Abdulai Jinapor said the minority caucus is alarmed that contrary to requirements of the PRMA, revenues accruing from the nation’s oil fields are not being paid into the Petroleum Holding Fund (PHF).

However, commenting on the issue, the former President in a Facebook post said “news that some $100 million has been diverted from petroleum funds for unapproved expenditure is most disconcerting.

According to him, Section 3 of the PRMA (Act 815) is explicit that all Petroleum revenue due the Republic derived from whatever source shall be assessed, collected and accounted for by the Ghana Revenue Authority.

Section (15) of the Petroleum Exploration and Production Act (Act 919), is also clear that “Any borrowing exceeding the cedi equivalent of thirty million United States Dollars for the purpose of exploration, development and production shall be approved by Parliament and shall be in consonance with the Petroleum Revenue Management Act.”

Mr. Mahama further indicated that “there can be no justification for diverting revenues accruing from the nation’s share of petroleum resources into any other account aside the PHF.”

“The Minister for Finance must as a matter of urgency repatriate all such illegal payments back into the PHF without delay as there is no record to confirm parliamentary approval on any such loans acquired by GNPC in their work programme,” he added.

Source: Ghana/Starrfm.com.gh/103.5FM

You Might Also Like

Black Queens fall 3-1 to Nigeria in final WAFCON warm-up clash

GES warns public of fake recruitment ads, appointment letters

Apaak commiserates with families of students killed in Nkwanta shooting incident

69 suspected H1N1 cases recorded at Anum Presby and Boso SHSs

Lands Minister intervenes to stop clash between taskforce and rogue mining group

TAGGED:Former president John MahamaMinister for Finance Ken Ofori-Atta
Share This Article
Facebook Twitter Email Print
Share
Previous Article Show clarity in your presentations – AG to State Prosecutors
Next Article aYo insurance introduces Annual Cover on Recharge with Care

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?