Business

Five-year partnership with EOCO still valid – PIAC

The Public Interest and Accountability Committee (PIAC) has denied claims of withdrawal of its five-year partnership with the Economic and Organised Crime Office (EOCO).

This follows media reports suggesting that the Committee had withdrawn from a five-year partnership aimed at fighting corruption related to disbursement of petroleum revenue with EOCO in the country.

A statement issued on Monday, 15 November 2021 by the Committee, however, reiterated that: “The Memorandum of Understanding (MoU) signed in 2019 remains valid, and any publication to the contrary should thus be disregarded.”

PIAC added that it “will continue to collaborate with other state institutions towards ensuring the transparent and accountable management and use of petroleum revenue in Ghana for the benefit of citizens and also carry out its 3-fold mandate as enshrined in the Petroleum Revenue Management Act, 2011 (Act 815).”

PIAC is the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues.

The Committee commenced its work in September 2011.

Source: classfmonline.com

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