PAC urges Petroleum Commission to recover GH¢50m debt owed since 2017
Parliament’s Public Accounts Committee (PAC) has directed the state’s upstream regulator, the Petroleum Commission, to actively pursue the recovery of a debt totalling GH¢50 million in permit fees from Springfield Exploration and Production Limited, which has been outstanding since 2017. The Commission has also been asked to present evidence of recovery for audit verification. During a PAC session on Monday, Egbert Faibille Jnr, CEO of the Petroleum Commission, acknowledged the debt and assured committee members that efforts were being made to collect the outstanding amount. “As we speak we have engaged with Springfield for them to come up with a...
