The previous Mahama led National Democratic Congress (NDC) has been accused of sharing petroleum revenues as “Christmas biscuit” without any meaningful impact.
The Chairman of the Public Accountability Committee (PIAC), Dr. Steve Manteaw who made these revelations in connection with the 2017 Project Inspections Report by PIAC is in shock over how the erstwhile NDC government applied oil resources.
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“Oil revenue was shared and invested in wasteful ventures like Christmas biscuit under the previous administration” angry Dr. Steve Manteaw told host of Adom FM’s Burning Issues program, Akua Boakyewaa Yiadom on Monday evening.
Dr. Manteaw questioned why an amount of GH¢ 2 million was allocated to the Musicians Union of Ghana (MUSIGA) for capacity building under the sector.
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“How can you allocate such a huge sum of money to MUSIGA for capacity building under the utilization of the oil revenue”, he questioned.
According to him, MUSIGA in response said it invested the GH¢ 2 million allocated by government into research but Dr. Manteaw said the association could not present findings of the said report to PIAC.
This follows the recent justification by MUSIGA president, Bice Osei Kuffour also known as Obour that the GH¢ 2 million allocated under the Mills’ administration in his 2012 budget presentation was used to conduct a comprehensive report into the Ghana Music industry.
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But Dr. Manteaw said MUSIGA has since not present the alleged report on the research for proper scrutiny.
Dr. Manteaw also questioned why oil monies were allocated to agencies such as Microfinance and Small Loans Centre (MASLOC) and the Venture Capital Trust Fund (VCTF).
He therefore cautioned the current administration to ensure proper utilization of oil revenue to the benefit of the entire citizenry.
