The Public Interest Accountability Committee (PIAC) Secretariat has requested from the Finance Ministry to provide the documentation of information on every infrastructural project to be undertaken with petroleum revenue in the current year.

The initiative, according to PIAC will allow for the transparency to prevail in the cause of managing the country's petroleum revenue.

Speaking on the development, policy analyst, Dr Steve Manteaw said put in place measures to to ensure the Metropolitan, Municipal and District Assemblies in the country would utilise petroleum revenues for their intended purposes.

Dr Manteaw, who doubles as the Co-Chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), a local chapter of the Extractive Industry Transparency Initiative (EITI) was speaking at a regional stakeholders’ engagement and dissemination workshop on the 2016 GHEITI reports on oil and gas, and mining sector held at Abesim, near Sunyani.

He further added that PIAC had finalised the processes and would soon sign a Memorandum of Understanding (MoU) with the Economic and Organised Crime Office to be able to facilitate prosecution of Assemblies that would misappropriate petroleum revenue.

EITI is an international body that sets global standard for transparency in oil, gas and mining,
The MoFEP with support from the Ghana Oil and Gas Inclusive Growth (GOGIG) organised the workshop and attended by Municipal and District Chief Executives, financial officers and Coordinating Directors drawn from the Municipal and District Assemblies in the region.

He added that he regretted that though budgets were approved for studies conducted by the PIAC showed there was several non-existent oil funded projects in country.

He explained that under the MoU, the Committee would refer all cases of non-existent oil funded projects to the EOCO to investigate for prosecution.

The Associate Director of WACAM, Mrs Hannah Owusu-Koranteng a civil society organisation added that corruption, particularly in the extractive sector retarded national progress, saying posterity would not spare Ghanaians if increased efforts were not made to control the menace.