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Government encouraged to stop co-mingling of oil funds

COPEC Petroleum  An oilfield in Ghana

Thu, 6 Jun 2024 Source: GNA

Emerita Professor Elizabeth Schandorf, Chairperson of PIAC, has urged the government to prioritize funding projects with oil revenues instead of co-mingling funds.

She made this comment during a visit to oil-funded projects in the Western Region, where she observed that projects with multiple funding sources had stalled due to cost overruns, delays, and completion date issues.

Professor Schandorf emphasized the need for dedicated funding to ensure Ghanaians see tangible benefits from oil revenues.

The team visited various projects, including railway and road construction, and a health service center, highlighting the challenges faced due to funding issues.

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Source: GNA