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Gov't should consider domestic financing for STX deal - Ofori Atta
Investment Banker and Executive Chairman of DATABANK GROUP, Ken Ofori Atta has strongly opined that it would be more economically-expedient for government to rather consider a domestic financing option for the STX deal.This is contrary to government’s plan to approve the supplier’s credit financing agreement of over 1.5 billion dollars for the bid.
Ex-Prez Kufuor: A Vote For NDC Will Be “A Big Mistake”
Ex-President John Agyekum Kufuor has reiterated the need for Ghanaians to be guided by the unequaled track record of the last New Patriotic Party (NPP) government when casting their ballots on December 7.Mr. Kufuor noted that it is imperative for electorates to vote for a team-led leadership saying, Nana Akufo-Addo has the best team to transform Ghana.
List of successful coup d'etats in Africa
Coup leaders must seize and hold central authority for at least one week to be considered a “successful” coup d’etat. The names of coup “leaders” listed are those named in reports, accusations, and/or subsequent trials. The date of the coup event is the beginning date for successful or attempted coups and the date of announcement for discovered coup plots and coup allegations. Click here for full report
The Ghana Center for Democratic Development (CDD-Ghana) wishes to express its grave concern over the arrest and formal charge yesterday of the Acting News Editor of JOY FM, Mr. Ato Kwamena Dadzie, for refusing to disclose the source of a story carried by his radio station on the STX Housing deal. Without going into the specific facts of the case, we wish to remind the State and all its agencies, including the Ministry of Information and the Ministry of the Interior, that they are enjoined by the Constitution to respect and promote respect for the rights and freedoms enshrined in Chapter 5 of the 1992 Constitution as well as the specific protections accorded the media in Chapter 12 of the Constitution.
South Korea, with a population of 48.5 million and a GDP of $930 billion, has a per capita income of $26,000. Ghana, with a population of 24 million and a GDP of less than $15 billion, has a per capita income of around $600, having fallen last year. A Korean company, STX, wants to build 200,000 housing units in Ghana for $10bn. Yet, a more ambitious, productive and forward-looking proposal to build a new industrial, science, business and education city of 500,000 inhabitants, Sejong City, 95 miles south of Seoul, would cost less than $14bn ($13.7bn)! What does this say about Ghana and the vision of her leaders?
Brochure: Biometric Voter Registration, Authentication & Verification
AVANTE Biometric Voter Registration Solution creates and prints voter registration form for automatic data capturing with unique identifier. Voters fill in the registration forms. Registration staff assists to ensure completeness and accuracy. The forms are scanned for automatic personal-demographic data capturing. Staff checks the captured data for completeness before direct biometric data capturing. Click here for brochure
World Bank offers guidelines against “White Elephant Projects”
The World Bank has urged Ghanaians to expand public discussions on the controversial record loan facility from China to focus more on interrogating the efficient use of the funds and the nature and scope of the projects selected in order to achieve the desired national development results. Speaking at a public forum on the $3 billion Chinese Development Bank loan for infrastructural development, organized by the Danquah Institute, the resident Chief Economist of the World Bank, Sebastien Dessus, has called for a competent assessment of infrastructural projects to ensure that Ghana consistently gets value for money and that such investment spending does not disturb future national budgets and the country’s ability to pay off its debts.
DI: $265m STX Insurance is a Rip-Off, Gov’t Can Save $200m with MIGA
Thursday, July 29, 2010:- This week, the Ministry of Finance & Economic Planning submitted, what it termed, “Revised Memorandum to Parliament” and a revised supplier’s credit financing agreement between STX Engineering & Construction Ghana Limited (as ‘Supplier’ – not ‘Lender’) and the Government of Ghana in relation to the $1.5 billion financing of the Security Services Housing Project. In a press statement reacting to this new development after the agreement was withdrawn from the floor of Parliament recently, the Danquah Institute limited its comments to the fees and insurance premium, which it has condemned as “a total rip-off”.
Report of the Committee on Subsidiary Legislation on the Representation of the People
The Electoral Commission has detected some misplacements and non-placement of certain electoral areas in the proposed instrument. These errors have all been corrected as a result of the meetings that the Commission has held with the Subsidiary Legislation Committee. The errors occurred as a result of the use of a latter version of L.I. 1983 which version was subsequently nullified by a decision of the Supreme Court. Clicke here for full report
The Danquah Institute will on Tuesday, November 12, 2013 hold its 3rd edition of its flagship event, the Liberty Lecture, with the Minority Leader in Parliament, Hon. Osei Kyei-Mensah-Bonsu delivering a paper on the theme “The Deficit in Parliamentary Scrutiny in the Fight Against Corruption”. The lecture takes place at the Auditorium of the British Council at 5:00pm.