NPA’s Arrogance or Economics?
On the eve of the New Year, 2015, the National Petroleum Authority (NPA) announced a reduction in ex-pump prices of petroleum products by 10% across board. This was not without drama. Most of the headlines that followed the announcement pointed to price reduction under duress. A number of civil society organizations and political parties put pressure on NPA to reduce the prices due to reasons such as the oil price crush and relative stability in the value of the local Ghanaian currency. Some of the organizations threatened public demonstrations against NPA and the Government; a situation that was expected considering that petro-politics is a feature of petroleum pricing in most parts of the world.
FITCH Rating’s latest report on Ghana lays particular emphasis on the importance of Ghana’s democracy and stability to the country’s economic prospects. Whiles it gives a negative outlook based on how the economy is being run, Fitch makes the point that Ghana’s credit rating has not, however, fallen below ‘B’ because of the country’s “strong governance record and recent democratic history,” and that, this is “reflected in Ghana’s ability to attract foreign direct investment, which at 7% of GDP is well above that of Nigeria, Gabon, Zambia, Kenya and Angola.”
Public policy and governance think tank, the Danquah Institute has expressed grave concern about the Electoral Commission's decision to register all persons in the country who, simply, are in possession of identity cards issued by the National Health Insurance Authority.
At a press conference organised by DI last week, a fellow of the institute, Mr. Boakye Agyarko, explained that “one of the objects of the National Health Insurance Authority” as captured on the NHIA’s website which states that “persons not resident in the country but who are on a visit to this country” can obtain NHIS cards is deeply worrying.
The attention of the Danquah Institute has been drawn to a story making the rounds on social media and now on www.ghanaweb.com, as well, titled “Danquah Institute predicts 64.7% win for Kwabena Agyepong.”