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
    KMA demolishes over 700 structures at Asafo, vows to crackdown on criminal hideouts in Kumasi
    July 17, 2026
    Three arrested at Accra Airport as NACOC foils attempted smuggling of GH¢100m worth of tramadol
    July 17, 2026
    23 die in Galamsey pit drownings in Ashanti as NADMO calls for rescue support
    July 17, 2026
    School Feeding Programme has been reset; indigenous meals to Boost Nutrition – National Coordinator
    July 17, 2026
    TikToker jailed one year after pleading guilty to Offensive Conduct to breach of peace
    July 16, 2026
  • Business
    BusinessShow More
    Financial Skills Hold the Key to Transforming Rural Women Farmers in Ghana
    July 15, 2026
    Gov’t to benefit a guaranteed income of GHC550 million from KGL in 2027
    July 15, 2026
    Supreme Court suspends order for BoG to restore GN Savings licence
    July 14, 2026
    Ghana reaches final stage of external debt restructuring after SADEREA exchange
    July 13, 2026
    GoldBod Jewellery launches new official e-commerce website, discontinues old platform
    July 13, 2026
  • Politics
    PoliticsShow More
    Parliament passes Tribunals Bill 2026 after contentious debate
    July 17, 2026
    GH¢11bn for Accra-Kumasi Expressway not paid to contractors yet – CAGD dismisses claims
    July 16, 2026
    AG withdraws application to revoke ex-NAFCO boss’s travel permission after order lapses
    July 16, 2026
    Miracles Aboagye’s arrest an attempt to divert attention from failed nkoko nkitinkiti programme – Ama Daaku
    July 15, 2026
    There was no GH¢55m discussion between EOCO and me – Miracles Aboagye
    July 15, 2026
  • Entertainment
    EntertainmentShow More
    X Lor opens new chapter as debut EP Tornado arrives on streaming platforms
    July 10, 2026
    Samsung Ghana powers culture and creativity at 2026 UG All Dance Carnival
    July 1, 2026
    Ghana Music Awards USA, WatsUp TV partner to amplify Ghanaian music on the global stage
    June 25, 2026
    WatsUp On Campus: Stonebwoy rocks UniMAC-IJ’s first-ever artiste night
    June 16, 2026
    itz Tiffany teases new anthem “Money” ahead of June 17 release
    June 12, 2026
  • Sports
    SportsShow More
    Late Argentine comeback ends England’s dream, sets up World Cup final against Spain
    July 16, 2026
    Ghana gears up to host ITTF-Africa Hopes Week as Africa’s young stars converge in Accra
    July 13, 2026
    GFA denies claims of taking money from players for Black Stars call-ups, threatens legal action
    July 8, 2026
    World Cup eGame competition launched in Accra
    July 8, 2026
    1XBet headlines ‘The Mall is the Stadium’ fan experience
    July 8, 2026
  • Technology
    TechnologyShow More
    GIMPA Tech Fair held as Samsung brings ‘Awesome Experience’ to event
    July 1, 2026
    Siniat joins ITALKOL and PIXEL PAINTS portfolio as ITALKOL celebrates a decade of industry impact
    June 23, 2026
    Child Rights International calls for ban on social media use for children under 17 in Ghana
    June 20, 2026
    Samsung Ghana expands access to AI-powered mobile experiences with the Galaxy A series
    June 2, 2026
    KNUST hosts FemSTEM Africa 2026 to empower the next generation of women health innovators
    June 2, 2026
  • International
    InternationalShow More
    Korea commits US$38 million to strengthen Digital STEM education in Ghana
    July 8, 2026
    QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud
    July 8, 2026
    High Court dismisses Abu Trica’s emergency application to halt extradition to US
    July 6, 2026
    Ghanaian students abroad to convene global forum on national development
    July 5, 2026
    Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US
    July 3, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: CSOs demand forensic audit into oil revenue funded projects
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.
GeneralHeadlines

CSOs demand forensic audit into oil revenue funded projects

Starrfm.com.gh By Starrfm.com.gh Published June 20, 2018
Share
Former Minister of Energy Boakye Agyarko
Minister of Energy Boakye Agyarko
SHARE

Civil Society, is demanding a forensic audit of all oil revenue funded projects in the country for the last six years.

The CSOs in natural resource management say the move has become necessary due to worrying revelations from its tour to some oil project sites in the country.

They say funds allocated for developmental projects in all the communities they have visited have been diverted by certain individuals.

Speaking to Starr News, the Acting Executive Director of the African Center for Energy Policy, Benjamin Boakye said the situation is affecting the country’s ability to meet transparency obligations as signatories to international agreements.

“The recent tracking that we have been doing reveals that we may not be getting value for the expenditure of the revenues as we should. We go to projects either the projects are missing or the projects are delayed and in most cases mean that the money has gone waste,” he said.

He added: “If you put oil money into a road project, you start and you don’t complete it and  the road goes bad, it means we have lost the money all together. And some projects look like we are just double counting the project and going forward the appropriate thing will be for us to know the specific projects that are receiving the money.”

Earlier this year, the Public Interest and Accountability Committee (PIAC) said its inspection revealed that oil funded projects in the three Northern Regions in 2016 are non-existent.

Chairman of PIAC, Dr Steve Manteaw whilst addressing a news conference on the findings in April said PIAC was compiling what he described as list of ‘Ghost projects’ and will soon call upon the Auditor General for further investigation.

According a 2013 report on the management of Petroleum revenues by PIAC, an amount of GH¢372.07 million out of the GH¢543.78million of the Annual Budget Funding Amount (ABFA) representing 68.42percent was spent on roads and other infrastructure.

Also, according to the report, the remaining GH¢287.20million representing 35 percent of the ABFA allocation was spent on several infrastructural sectors, including energy, education, water, housing, security and health.

Speaking at the news conference, Dr. Manteaw said: “Six projects were inspected in the Upper East, Upper West and Northern regions [and] the findings and observations were overwhelming with fifty percent of the projects being nonexistent.”

In the Committee’s interaction with indigenes of the regions during “our district engagement in about sixty districts later in 2016, concerns were raised as to whether PIAC verifies projects which have been reported by the Ministry of Finance to have been undertaken with Petroleum revues.”

He said “over fifty percent of school projects inspected showed signs of serious deterioration in less than three years after completion” including a six-unit classroom block Apedwa SDA primary school in the East Akim District of the Eastern region which has begun to sink due to poor siting and shoddy work.

Source: Ghana/Starrfmonline.com/103.5FM

 

 

You Might Also Like

KMA demolishes over 700 structures at Asafo, vows to crackdown on criminal hideouts in Kumasi

Parliament passes Tribunals Bill 2026 after contentious debate

Three arrested at Accra Airport as NACOC foils attempted smuggling of GH¢100m worth of tramadol

23 die in Galamsey pit drownings in Ashanti as NADMO calls for rescue support

School Feeding Programme has been reset; indigenous meals to Boost Nutrition – National Coordinator

Share This Article
Facebook Twitter Email Print
Share
Previous Article Batidam resigns; describes AU Advisory board as corrupt
Next Article Fmr. Tepa NTC head Victoria Amoah not qualified – NAB

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?