Energy

PIAC reconstitutes membership, re-elects Prof Adom-Frimpong as chairman

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The membership of the Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility for the management and use of the country’s petroleum revenues, has been reconstituted following the expiration of the tenure of some Members.

Nana Yaa Ansua, the Paramount Queen Mother of the Drobo Traditional Area, has replaced Hajia Dr Kansawurche Azara Bukari as the representative of the Queen Mothers Association of Ghana, while Ms Freda Stephanie Frimpong has replaced Mrs Mary Karimu, who represented the Trades Union Congress (TUC) on PIAC. Emerita Professor Elizabeth Ardayfio-Schandorf has been reappointed by the Ghana Academy of Arts and Sciences (GAAS).

These members have since been sworn into office by the Chairman of the Committee, Professor Kwame Adom-Frimpong, upon the authorization of the Minister for Finance for a 2-year term, in accordance with the Petroleum Revenue Management Act, 2011 (Act 815).

In a meeting held on Thursday 6th October, 2022, the reconstituted Committee elected Professor Kwame Adom-Frimpong, representative of the Institute of Chartered Accounts, Ghana, (ICAG) and Mr. Nasir Alfa Mohammed, representative of the Ghana Bar Association as Chairman and Vice Chairman respectively for a one-year term after the expiration of their tenure in September.

Accepting his re-election, Prof. Adom-Frimpong expressed gratitude to the Committee for the confidence reposed in him, and pledged his commitment to the service of PIAC and the citizenry. Prof. Adom-Frimpong is currently the Managing Director of Mainstream Reinsurance Company.

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