The Public Interest and Accountability Committee (PIAC) has held a tertiary engagement at the Damongo Nursing and Midwifery Training College (DNMTC) as part of efforts to deepen public understanding of Ghana’s petroleum revenue management.
The forum, held on April 16, 2026, forms part of PIAC’s mandate to create platforms for public debate on the management and utilization of petroleum revenues. It brought together students and faculty to discuss key findings from the 2025 PIAC Annual Report.
Leading the delegation, PIAC Vice-Chairperson, Mr. Edward Yaw Afriyie, delivered a comprehensive presentation on the Committee’s oversight role.
He stressed that PIAC remains the country’s primary independent body responsible for monitoring and evaluating how petroleum revenues are managed by government and relevant institutions.
“Our duty is to the Ghanaian people,” he stated, underscoring the Committee’s commitment to transparency and accountability.
The Executive Secretary of PIAC, Mr. Isaac Dwamena, Esq., presented highlights of the 2025 Annual Report, revealing a continued decline in Ghana’s crude oil production.
According to the report, 2025 marked the sixth consecutive year of falling output, dropping from a peak of over 71 million barrels in 2019 to approximately 37 million barrels.
Mr. Dwamena attributed the decline to the aging of Ghana’s three main oil fields Jubilee, TEN, and SGN as well as technical challenges, particularly in the TEN field.
He also cited the lack of significant new discoveries and slow investment in upstream petroleum activities as contributing factors.
An open forum followed the presentations, where participants raised concerns on issues including the persistent drop in crude oil production, the allocation of petroleum revenues to the health sector, the need for prosecutorial powers for PIAC, and the status of Annual Budget Funding Amount (ABFA)-funded projects in the Savannah Region.
Principal of DNMTC, Hajia Shirley Issah, expressed appreciation to the PIAC team for the engagement, noting that such initiatives equip future healthcare professionals with the knowledge to demand accountability from leadership.
The exercise is part of PIAC’s wider engagement with educational institutions, designed to enhance transparency and encourage greater public participation in the oversight of Ghana’s petroleum resources.
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