On Monday, 25th February, 2019 the Executive Director of the Economic and Organised Crime Office (EOCO) in the person of ACP K. K. Amoah (Rtd) signed a Memorandum of Understanding (MoU) with the Public Interest and Accountability Committee (PIAC) on behalf of the Office.
EOCO – PIAC collaboration is to protect the country’s petroleum revenues from wanton embezzlement and criminal abuses.
Speaking at the function, Dr. Steve Manteaw, Chairman of PIAC indicated that PIAC is an independent statutory and citizen-led institution mandated to ensure the efficient, transparent and accountable management and use of Ghana’s petroleum revenues.
He further reiterated that the agreement between the two organisations to collaborate, in order to safe guard the petroleum revenues from criminal abuse is the beginning of a transitional journey from transparency to accountability. He also noted that this would help to combat economic and organised crimes relating to the management and use of petroleum revenues in this country.
Dr. Manteaw added that the MoU would strengthen the relationship between the two state institutions with distinct but mutually reinforcing mandates.
In support, Mr. K. K. Amoah also stated that the collaboration between the two state institutions is not out of place. According to him, the Economic and Organised Crime Office Act 2010, (Act 804) mandates the Office to investigate financial and economic crimes where the State has an interest. Therefore, the two institutions collaborating to ensure transparency and accountability would certify that the country’s petroleum revenues are utilised for their intended purposes.