Tag Archives: Manteaw

Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC

The Public Interest and Accountability Committee (PIAC), has lamented the poor handling of projects funded with Ghana’s oil revenue without adherence to the Petroleum Revenue Management Act. According to a member of PIAC, Dr. Steve Manteaw, successive governments have breached the Act for seven years running. The Act mandates the Finance Minister to report on all oil-funded projects in the ...

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Atuabo project was bloated by over $40m – Dr. Manteaw

The Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw is alleging that the one billion dollar cost of the Atuabo Gas plant in the Western Region was overpriced by 40 million dollars. According to him, the Chinese company which undertook the project, SINOPEC, engaged in fraudulent activities in the execution of the project. Dr. Manteaw told ...

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Hedging Ghana’s crude oil could be dangerous – Dr. Manteaw

An outspoken member of the Public Interest and Accountability Committee (PIAC), Dr. Steve Manteaw has cautioned Ghana’s crude oil managers against hedging the product at the international markets. He explained that the risks associated with such practice could shortchange the nation’s petroleum revenue. He thus called for a price stabilization mechanism in tandem with transparency provisions enshrined in the nation’s ...

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‘Political tag’ impeding operations of PIAC – Manteaw

The fear of the “partisan political” tag is creating a great challenge to the operations of the Public Interest Accountability Committee (PIAC), Dr Steve Manteaw, a member of the Committee has said. PIAC is a citizens-led statutory body established under section 51 of the Petroleum Revenue Management Act (Act 815) to provide additional non-parliamentary and independent oversight over the collection ...

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Obrempong’s oil diary: Who is buying Ghana’s oil? Dr. Manteaw asks

The co-chair of the Ghana Extractives Industry Transparency Initiative GHEITI, Dr. Emmanuel Steve Asare Manteaw, is asking a question many Ghanaians may ignore or downplay its relevance. Who is buying Ghana’s oil from the flagship Jubilee Field and recently, the TEN fields? Which companies are selling or buying them? You may perhaps be asking, why does this matter? Oh yeah! ...

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