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PIAC worried about GNPC 'Cash Calls' challenges from Joint Venture partners; blames Finance Ministry

According to Section 16(4) of the Petroleum Revenue Management Act (PRMA), as amended, it is the obligation of the Minister for Finance to ensure that the Bank of Ghana transfers to a national oil company (NOC) the relevant portion of the revenue due the national oil company not later than three working days after the receipt of petroleum revenue into the Petroleum Holding Fund (PHF). ....

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