{"id":1213865,"date":"2022-09-30T10:03:44","date_gmt":"2022-09-30T10:03:44","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/30\/100m-of-ghanas-oil-money-unaccounted-for-minority-raises-alarm\/"},"modified":"2022-09-30T10:03:44","modified_gmt":"2022-09-30T10:03:44","slug":"100m-of-ghanas-oil-money-unaccounted-for-minority-raises-alarm","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/30\/100m-of-ghanas-oil-money-unaccounted-for-minority-raises-alarm\/","title":{"rendered":"$100m of Ghana\u2019s oil money unaccounted for \u2013 Minority raises alarm \u00a0"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/John-Jinapor-1024x520.jpg\" \/><\/p>\n<p>John Jinapor is the Ranking Member on Parliament&#8217;s Mines and Energy Committee.<\/p>\n<div id=\"article-text\">\n<p>The Minority in Parliament asked the government for to account for over $100 million accrued from Ghana\u2019s Petroleum lifting in the first quarter of 2022.<\/p>\n<p>The Minority in a statement issued on Wednesday, September 28, insisted\u00a0\u00a0the revenue from the Jubilee and TEN fields to a company was transferred illegally.\u00a0<\/p>\n<p>According to the Caucus, the transfer of the said money required Parliamentary approval.<\/p>\n<p>It said this \u201camounts to a gross violation of the Petroleum Revenue Management Act, 2011 (Act 815) and Public Financial Management Act (Act 921).\u201d<\/p>\n<p>The Minority also alleged that the Finance Minister has ceded shares from the 2021 Occidental (Oxy) transaction in respect of the Jubilee and TEN Fields to an offshore company known as JOHL \u201cin a very surreptitious and opaque manner.\u201d<\/p>\n<p>\u201cThe Minority is very much alarmed that contrary to requirements of the PRMA, revenues accruing from the nation\u2019s oil fields are not being paid into the Petroleum Holding Fund (PHF), which has been confirmed in the 2022 semi-annual report on petroleum receipts by the Public Interest and Accountability Committee (PIAC).\u201d<\/p>\n<p>The Minority feels the nation\u2019s oil resources cannot be entrusted in their care.<\/p>\n<p>\u201cThis is surely another \u201cAgyapa\u201d deal in the making, and we as a Minority will not sit aloof for this Government to raid the national purse, especially at a time when the nation is struggling to raise much-needed revenues for critical expenditure.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>John Jinapor is the Ranking Member on Parliament&#8217;s Mines and Energy Committee. The Minority in Parliament asked the government for to account for over $100 million accrued from Ghana\u2019s Petroleum lifting in the first quarter of 2022. The Minority in a statement issued on Wednesday, September 28, insisted\u00a0\u00a0the revenue from the Jubilee and TEN fields [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1209289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1213865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1213865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1213865"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1213865\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1213865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1213865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1213865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}