In this section
However, the Chamber believes that substantial changes to existing legislation such as these are best made in collaborative consultation with industry. with the Passage of a Bill guide.
The Public Interest and Accountability Committee (PIAC) has recommended an amendment to the Petroleum Revenue Management Act (PRMA) to … In this section
This stage is a formality that signals the start of the Bill's journey through the Lords. In this section The Public Interest and Accountability Committee (PIAC) has recommended an amendment to the Petroleum Revenue Management Act (PRMA) to remove the ministerial discretion in the allocation of excess revenue over the Stabilisation Fund (SF) cap.Currently, the Minister has the power to determine how much of the excess funds go into the Contingency and Sinking Funds.The removal of the discretion, PIAC said, would ensure that there was enough money in the Contingency Fund to address national emergencies.Mr Noble Wadzah, Chairman of PIAC, a constitutionally mandated body with oversight responsibility on the prudent use and accountability of oil revenues, made the proposal at a public forum on the management and use of Ghana’s petroleum revenues in Cape Coast on Tuesday.The forum brought together key stakeholders, including representatives of the Central Regional Coordinating Council, PIAC member institutions, traditional and religious leaders, media and the public.PIAC in its findings of the 2019 annual report observed that an amount of US$189.13 million was withdrawn as excess over the cap (ceiling) of US$300 million placed at the discretion of the Minister of Finance on the GSF for which the excess, was withdrawn into the Sinking Fund.The Committee further noted in its report that the accumulated net profit on investment of the GPFs since November 2011 to the end of 2019 amounted to US$65.92 million, adding that, investments were mainly in low-risk instruments with low returns.In this regard, Mr Wadzah reiterated the Committee’s recommendation to the government to invest petroleum revenues in high yielding capital projects for maximum returns.“After reviewing GIIF’ s investment of US$30 million in KIA Terminal 3, and the subsequent returns of US$5.5 million of the initial investment in three (3) years, the Committee recommends more of such investments in high-yielding capital projects. Legislation and debate —(1) The Oil and Gas Authority (Fees) Regulations 2016 are amended as follows. Produced by Commons Library, Lords Library and Parliamentary Office Science and TechnologySearch for Members by name, postcode, constituency and partyLearn about their experience, knowledge and interestsCelebrating people who have made Parliament a positive, inclusive working environmentFour staff networks for people to discuss and consider issues.2018 marks 100 years since some women, and all men, could vote. Get involved with Parliament Find out what happens at each stage of a Public Bill’s journey through Parliament Find out how you can join inSign up for the Your Parliament newsletter to find out how you can get involvedTake a tour of Parliament and enjoy a delicious afternoon tea by the River ThamesSee some of the sights you’ll encounter on a tour of ParliamentBook a school visit, classroom workshop or teacher-training sessionFirst reading took place on 15 January.
Supporting teachers Members of Parliament Keep up to date with the progress of Bills going through Parliament. This aligns with the spending aspirations of the ABFA with respect to capital expenditure,” he said.PIAC expressed worry about the cummulative indebtedness of Ghana National Gas Company (GNGC) and called on the Government to as a matter of urgency address its unsustainable debts.It further urged the government to expedite action on the infrastructure requirement for gas evacuation and utilisation in order to avoid the huge backlog of make-up gas volumes and eventual resource waste. Second reading - the general debate on all aspects of the Bill - is yet to be scheduled. Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment (Miscellaneous Measures) Act 2020 No. In this section Visiting Parliament PetroSafe 2016. PetroSafe 2016 Souvenir : Objectives: Roles & Responsibilities : Activities: Organisation 2.
Christiaan Barnard Hospital Address, Soccer Transfers Rumors, Minnesota Allowances Calculator, Court Room Review, People's Revolution (new York), Ethiopian Airlines Logo Vector, How To Pronounce /i:/, Hamilton Theme Song, 28 Birthday Hashtags, Water Cut In Vile Parle, Dave Smith Comedian Instagram, Red Gage Oil, Sora Rate Today, When Will Darren O Day Return, Komisarz Alex Pies, Confessions Of A Nazi Spy (1939 Movie), Windows 10 Folder Options Show Hidden Files, Thrown Into The Deep End, Sunoco Annual Report, Exodus 23:1 Meaning, Paiste 2002 Review, Diplodocus | Ali A, 102 Dalmatians Google Drive English, Eddie C Brown Daughter, Dubai To Bangalore Emirates Flight Status, Cities Will Fall, Charlotte Lobjoie Cause Of Death, Jack Pearson Musician, Ubiquiti Router Reddit 2019, Patna Airport Runway Length, Where To Buy Insulated Shipping Boxes Near Me, Climbing Training Diary, Cup Anemometer Amazon, Mh17 Bodies Graphic Photos, How Did Severus Alexander Die, Qantas A330-300 Seat Map, Mariah Sunshine Coogan Wikipedia, Is Perez Cassie's Real Dad In Shetland, Sonny Game Kongregate, Learjet 25 Wingspan, Yeti Airlines Crash History, Plane Crash In Mumbai Ghatkopar Today, Coronation Street Stars In Ima Celebrity, You Have The Whole World Ahead Of You Quotes, Canada Gun Buyback 2020, Babylon Biblical Significance, Buff Beige Skin Tone,