As part of efforts to increase public oversight (besides parliament) in the management and use of the country’s oil revenues, a Public Interest and Accountability Committee was inaugurated to oversee the management of rents from the oil sector. Public Interest and Accountability Committee A 13-member Public Interest and Accountability Committee (PIAC) has been established under Section 51 of the Petroleum Revenue Management Act to ensure transparency and accountability in the management and use of the petroleum revenue and investments in the country. Under the Petroleum Revenue Management Act, 2011 (Act 815), the PIAC is tasked to monitor and evaluate compliance with the Act by government and other relevant institutions in the management and use of petroleum revenues. The PIAC is mandated by the law to publish semi-annual and annual reports by the 15th of September and the 15th of March every year. The Committee has a website (www.piacghana.org) where all its reports would be made available to the general public. 3.10 Public Procurement Available information from the National Procurement Authority (NPA) indicated that procurement under single sourcing increased from 5.33 percent in 2009 to 8.85 percent in 2010 (Table 3.7). Table 3.7: National Procurement Item Formation of Entity Tender Committees Official complaints received Official complaints resolved Single source International Competitive Tender Price Quotation 2009 n.a 2010 n.a 2011 n.a 7 n.a n.a 7 6 n.a Methods of procurement 5.33% 8.85% 3.98% 3.71% n.a n.a 57.28% n.a 47.09% Sixth Annual APRM Progress Report: January – December 2011 58