By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
Business & Economy

Tracing Ghana’s Oil Money: The State of Petroleum Revenue-Funded Projects in the Oti Region

PIAC's inspection of petroleum-funded projects in Oti Region revealed stalled road works, an abandoned flood-prone market, partially completed staff housing, and a near-finished education office, raising concerns about planning, funding continuity, accountability, and value for money.

CAPEX Becomes the 'Sacrificial Lamb' as Gov't Seeks New Funding for GoldBod: A Sacrifice Worth Making?
File Photo
Fredrick Addai Kwarteng
Jun 26, 2026

After years of spending Ghana’s petroleum revenue, it is emerging that oil-funded projects in the Oti region are delivering mixed results, with some nearing completion, others abandoned midway, and a few failing to serve their intended purpose despite significant public investment.

This emerged during a recent project inspection tour by the Public Interest and Accountability Committee (PIAC), which is mandated to monitor and evaluate the use of Ghana’s petroleum revenues.

The committee visited several projects funded through the Annual Budget Funding Amount (ABFA) across the region to assess their status and impact on local communities. The inspection revealed recurring challenges, including stalled construction works, poor project siting, inadequate stakeholder consultation, and concerns over value for money.

Speaking after the tour at the Committee’s event dubbed “Time With PIAC”, PIAC Technical Director, Mark Agyemang, said while some projects have provided benefits to residents, others have been undermined by funding constraints and implementation challenges that have limited their effectiveness.

Tracing Ghana's Oil Money: The State of Petroleum Revenue-Funded Projects in the Oti Region

Nkonya, Biakoye District: Road Rehabilitation Project Stalled Since 2022

READ ALSO

Ghana’s 70% Textile Import Dependence Creates Market Opportunity for Local Manufacturers
Groundnut Industry Seeks Higher Productivity to Unlock Processing and Market Opportunities
Ghana Must Renew Gold Fields Tarkwa Lease But Under Terms Beneficial to the State – Ing. Ashigbey

One of the projects inspected was a road rehabilitation project in the Biakoye District aimed at improving connectivity among three communities within the Nkonya enclave.

According to PIAC, the project involved spot patching and levelling of road surfaces. While work was successfully completed within Nkonya township, construction came to a halt before extending to the remaining beneficiary communities.

Mark Agyemang disclosed that no contractor has been on site since 2022. The project reportedly received about GH¢1.5 million in petroleum revenue allocations. However, PIAC’s findings indicate that portions of the funding were used to settle outstanding debts, leaving insufficient resources to continue the work.

Residents acknowledged improvements on the completed sections of the road, but the committee noted that the delay has significantly increased the eventual cost of completing the project due to inflation and rising construction costs.

Nkonya, Biakoye District: Completed Market Abandoned Due to Flooding

The committee also inspected a 40-unit market facility comprising stores and a shed within the district. Although the project has been completed, traders have largely abandoned the facility because of persistent flooding and design challenges.

PIAC found that the height and design of the roofing system allow rainwater to enter the stores during heavy rains. As a result, traders dealing in clothing and other water-sensitive goods have been unable to operate from the facility.

Ironically, the market now serves more as a venue for church programmes and overnight religious activities than as a centre for commercial activity. The committee further learned that local authorities and community members were not adequately consulted during the planning stage. District officials indicated that alternative locations with more vibrant trading activity would have been better suited for the project.

Tracing Ghana's Oil Money: The State of Petroleum Revenue-Funded Projects in the Oti Region
Mark Agyemang, Technical Manager, PIAC

Jasikan: Regional Education Directorate Staff Bungalows

In Jasikan, the committee inspected two staff bungalows being constructed for the Oti Regional Education Directorate. The facilities form part of efforts to provide accommodation for senior officials following the creation of the Oti Region.

PIAC found that one of the bungalows had been substantially completed and partially handed over for use. However, some outstanding defects remain unresolved because the contractor’s liability period has already expired.

The committee advised regional authorities to formally engage both the contractor and relevant government institutions to facilitate the completion of the remaining works.

While acknowledging the quality of the structures, PIAC questioned whether the large parcel of land allocated to the bungalows represented the most efficient use of public resources. According to the committee, the land could potentially have accommodated additional housing units to serve a larger number of education officials.

Jasikan: Regional Education Directorate Administrative Block Near Completion

The committee also inspected an administrative block being constructed for the Regional Education Directorate. The project was found to be nearing completion, with only finishing works remaining.

Officials on site informed PIAC that work had reached the final stages and that the contractor was awaiting the delivery of tiles from Kumasi before completing the project.

Once completed, the facility is expected to strengthen administrative operations within the regional education sector and provide office space for staff.

Tracing Ghana's Oil Money: The State of Petroleum Revenue-Funded Projects in the Oti Region

The Bottomline

Beyond the physical state of the projects, PIAC’s inspection highlighted broader concerns about how petroleum revenues are translated into development outcomes.

The committee noted that while millions of cedis have been invested in infrastructure across the region, the effectiveness of such investments depends not only on funding but also on proper planning, stakeholder engagement, project supervision, and timely completion.

The findings from the Oti Region serve as a reminder that the success of petroleum-funded projects should ultimately be measured by their functionality and impact on communities rather than their mere existence.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article AmCham Ghana Pushes Early Engagement on AI, Trade and Labor Reforms as Key Bills Advance
Next Article When Time Stops, Business Suffers: How Congestion and Failing Roads Are Squeezing Ghana’s Ride-Hailing Economy
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Ghana’s AI Development Requires Investment Beyond Data Centre Infrastructure
News
Nigeria’s Foreign Debt Reaches $145 Billion as Costly Market Borrowing Grows
News
Improving Access to Financing in Ghana’s Agric Sector: The 4 Tests the 2027 Budget Must Pass
Primary Surplus Target Reduction Under $10Bn New Economy: A Serious Gamble with Ghana’s Fiscal Credibility
Business & Economy
SEC Orders Online Investment Platforms to Register Amid Rising Fintech Risks
SEC Targets Low-Cost Investment Schemes to Expand Ghana’s Financial Inclusion
Business & Economy
Gold Fields Did Not Acquire Tarkwa Mine for Just $30,000 – Chamber of Mines CEO Refutes Bentil’s Claim
Gold Fields Did Not Acquire Tarkwa Mine for Just $30,000 – Chamber of Mines CEO Refutes Bentil’s Claim
Business & Economy

You May Also Like

Elumelu Pushes New African Growth Model Built on Trade and Investment

Elumelu Pushes New African Growth Model Built on Trade and Investment

Expert Cautions Against Growing Agenda to Hand Over Ghana’s Mines to Chinese Firms

Dr. Manteaw Backs E&P’s Acquisition of Volta Gold Project, Says Deal Key to Value Maximization & Retention

Oil Falls Over 1% as US–Iran Ceasefire Hopes Weigh on Market 

Oil Falls Over 1% as US–Iran Ceasefire Hopes Weigh on Market 

GUTA Welcomes 300bp Rate Cut, Says Move Will Spur Business Growth

GUTA Welcomes 300bp Rate Cut, Says Move Will Spur Business Growth

Why Cedi Gain-Induced Revenue Shortfall Makes Another Case for BoG to Weigh Dollar Adoption

Cedi’s Rapid Appreciation Highly Abnormal – U.S.-Based Finance Professor Raises Red Flag

More Than Just a Market Leader: StarOil Pays GHC2.6Bn Taxes in 2025 While Fueling the Economy

More Than Just a Market Leader: StarOil Pays GHC2.6Bn Taxes in 2025 While Fueling the Economy

Despite Easing Policy Rate, BoG Won’t Compromise on Strong Liquidity Management When Needed – Governor

Your Money, Their Watch: Why a Quiet Meeting in Accra Matters to You

Services Dominate Ghana’s April 2026 Growth as Sector Accounts for 61.7% of Expansion

Services Dominate Ghana’s April 2026 Growth as Sector Accounts for 61.7% of Expansion

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d