Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

Mahama Orders Gov’t To Return The Alleged $100M Diverted Petroleum Funds.

John Dramani Mahama, Former President has ordered the authorities to go back the hundred million which changed into allegedly diverted from petroleum budget for unapproved expenditure, to go back the stated money. He defined the information as very “disturbing.” He insists that there may be no justification for diverting sales from the nation’s percentage of petroleum assets into some other account except the Petroleum Hold Fund (PHF). According to John Mahama, these quantities to a contravention of Section three of the PRMA (Act 815) which “explicitly says that each one Petroleum sales due the Republic derived from anything supply will be assessed, collected, and accounted for through the Ghana Revenue Authority.” “Section (15) of the Petroleum Exploration and Production Act (Act 919), is likewise clean that “Any borrowing is exceeding the cedi equal of thirty million United States Dollars for the motive of exploration, development, and manufacturing will be accredited with the aid of using Parliament and will be in consonance with the Petroleum Revenue Management Act,” Mahama brought in a statement. He requested the Minister for Finance to straight away go back all such unlawful bills again into the PHF “as there may be no file to affirm parliamentary approval on one of these loans received via a way of means of GNPC of their paintings program.” See additionally Greater Accra Region: Two Teenagers Drown At Aplaku Hills in Swimming Pool [Videos]

Content created and supplied by: DanDezzynews (via Opera News )

Finance Ghana Revenue Authority John Dramani Mahama Mahama Petroleum Exploration and Production Act

COMMENTS

Load app to read more comments