The Chairman of the Civil Society Platform on Oil and Gas, Dr. Steve Manteaw has said the call for the usage of the stabilization fund because of the fall in prices of crude oil is not necessary.<\/p>\n
[contextly_sidebar id=”TtEIVyGIbPks3Nx7osMJ3xGgaixm3iAB”]Though he conceded that \u201ccrude oil prices have indeed fallen and that we are not going to get what we expect to get from our oil production,\u201d he believes that, \u201cGhana could be gaining instead.\u201d<\/p>\n
His comments follow a call by the Public Interest and Accountability Committee (PIAC) that government could go ahead and use funds accrued from the stabilization, taking into consideration the fall in crude oil prices.<\/p>\n
According to PIAC, the usage of the satbilization fund at this time is what the law permits.<\/p>\n
But Dr Steve Manteaw speaking on Eyewitness News<\/strong>, insisted that such a call \u201cmay not be necessary\u201d because the Minister of Finance and the government are aware of the law which directs for the usage of the fund at this time.<\/p>\n \u201cGovernment also made provision for oil impulse.\u201d<\/p>\n \u00a0\u201c\u2026Already the minister for finance has indicated that he is under direction to review the figures and go back to Parliament and if there is the need to go into the stabilization fund I\u2019m sure they will go into it,\u201d he added.<\/p>\n –<\/p>\n By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n