President John Dramani Mahama has assured the Public Interest and Accountability Committee (PIAC) that oil revenues earmarked for his administration’s ambitious $10 billion “Big Push” infrastructure initiative will be used transparently and efficiently.
The assurance came during a courtesy call at the Presidency by PIAC members led by Chairman Mr. Constantine K.M. Kudzedzi.
The delegation congratulated the President on his recent electoral victory and held discussions on the strategic management of Ghana’s petroleum revenues.
President Mahama outlined his government’s plan to invest $10 billion over five years — $2 billion annually — into transformative infrastructure projects nationwide.
These projects will focus on critical sectors including road networks, major bridges, educational and health facilities, and key interventions to boost productivity in agriculture.
He indicated that the “Big Push” will channel resources into modern irrigation schemes, the construction of farmer service centres, and support for agribusiness development — all aimed at revitalizing Ghana’s rural economy.
Funding for the initiative, the President emphasized, will primarily be drawn from petroleum revenue and minerals royalties.
He reaffirmed his administration’s commitment to prudent financial management and results-based implementation.
President Mahama commended PIAC for its consistent advocacy and oversight in safeguarding the integrity of oil revenue utilization.
He described the Committee as a “model institution” worthy of emulation across Africa for its role in promoting transparency and public accountability.
“Your work ensures that the Ghanaian people see and feel the benefit of the country’s natural resources. My government will continue to collaborate closely with PIAC to maintain this high standard,” President Mahama said.
