The Danquah Institute has stated that Ghana National Gas Company, headed by Dr George Sipa-Yankey, is operating illegally as it was not created by an Act of Parliament and currently appears to be breaching the Ghana National Petroleum Corporation Act, 1983 (PNDCL 64), which set up the Ghana National Petroleum Corporation.

The Executive Director of the Danquah institute, Gabby Asare Otchere-Darko made this known at a press conference organised by the Institute and held at the Ghana International Press Centre on Wednesday 21st December 2011.

Read more...

Friends of the media, the Danquah Institute called you here to the Accra International Press Centre today, Wednesday, December 21, 2011, for a very good reason. First, Ghana is positioned to be the world’s fastest growing economy this year and this has been made possible by the singular fact that 2011 marks Ghana’s maiden full year as an oil-producing economy. Beyond the lifting of crude oil, Ghana stands to build a multi-billion dollar petro-chemical industry from the monetisation of its natural gas.

Click here for full statement

The Danquah Institute has described the $3 billion China Development Bank loan contracted by the Mills-Mahama led National Democratic Congress government as an illegality as it breaches sections of the Petroleum Revenue Management Act passed by parliament this year.

DI is therefore calling for the cancellation and subsequent curing of this loan facility and has urged the parties to the contract to take note of this and proceed to cure it or proceed to their own detriment.

Read more...

The Danquah Institute is organising a news conference at the International Press Centre, Ridge, Accra, on Wednesday, December 21, 2011 at 11am prompt.

The Danquah Institute will raise issues about the apparent lack of transparency in the Sinopec agreement for the gas infrastructural project, and its implications to the $3 billion CDB loan facility, and an estimated billion dollars of income losses to the state in oil and gas production as a result of policy decisions and inertia.

Read more...

Other Stories

Ghana: Outrage At Law - Friday, Dec. 20, 1963
Dictator Kwame Nkrumah outdid himself last week. He not only flatly refused to free three political prisoners who had been acquitted by Ghana's highest court, but he summarily fired the judge who had presided over their trial. The defendants, five in all, were charged with treason after Nkrumah was wounded in the shoulder by a bomb in an attempt on his life in August 1962.
US/China: Obama Should Raise Human Rights in China
President Barack Obama bids farewell to Chinese Ministers in the White House after the first US-China Strategic and Economic Dialogue on July 28, 2009. © 2009 Official White House Photo / Pete Souza Related Materials: Letter to President Obama Ahead of his Visit to China President Obama has spoken forcefully about the importance of defending human rights globally in speeches in Egypt, Ghana, Turkey, and at the United Nations. The test now is whether he will do so in a country where the government remains profoundly hostile to these concepts.
President Mills’ executive judgment overruling the judgment of the Supreme Court is unconstitutional and against the founding principles of the NDC: By Martin A. B. K. Amidu
On the night of Thursday 24 May 2012 I read on ghanaweb.com/GhanaHome Page a story with the title ‘Government no longer selling ‘Jake Bungalow.”’ The story in its concluding paragraph ‘“described the acquisition as “immoral”’. I also read a statement attributed to the Forum for Governance and Justice (FGJ) in which my nephew and kinsman Dr. Appaak was alleged to have said: “the forum will study the docket and possibly seek redress .. The plaintiff – Okudzeto Ablakwa and Omane-Boamah have also indicated that they will push for review of the case.” Another newspaper on the same web on 24th May 2012 referred to the judgment as “Stinking Supreme Court Ruling ..” and concluded that: “We wish Justice Brobbey a happy retirement and may he live long to experience ….his actions.” I also read another newspaper with the title “Two “Jake Bungalow” Judges are NNP – Akume.
Africa Report on New and Emerging Challenges
In 2009 the UN General Assembly adopted a resolution agreeing to hold the United Nations Conference on Sustainable Development (Rio+20) in 2012 in Brazil. The General Assembly called for effective preparations for the conference at all levels. The Rio+20conference seeks to achieve two objectives, namely to: secure renewed political commitment to sustainable development; and assess the progress and implementation gaps in meeting already agreed commitments and address new and emerging challenges. Click here for full report
FAQ's about the NPP Court Case: Why the NPP is in court
Q: Why the NPP is in court?A: According to Article 64 (1) of the 1992 Constitution: “The validity of the election of the President may be challenged only by a citizen of Ghana who may present a petition for the purpose to the Supreme Court within twenty-one days after the declaration of the result of the election in respect of which the petition is presented”. We have chosen to challenge the 2012 election in the Supreme Court of Ghana, because of numerous irregularities – the sum total of which, once amended, will invalidate the declared results and make Nana Akufo-Addo the legitimate winner.
The promise to teachers, and soon to nurses, doctors and other civil servants of seeing a substantial increment in their take-home pay as promised by the Mills-Mahama led NDC administration seems to be little more than a pipedream. The Independence Day promise that ‘this Government will not shortchange teachers’ could be described as just another in the litany of broken promises. Documents and analysis made available to the New Statesman reveal that there is no extra money for the implementation of the Single Spine Salary Structure. In fact, the money made available to extend the SSSS to both education and health workers this year is nearly GH¢2 billion short. Thus to pretend to implement it and offer promises of allowances to keep aggrieved workers calm will only amount to shortchanging them.
A Professorial response to the Ministry Of Finance reaction to Dr Bawumia’s ‘State of The Economy’ Lecture
The Ministry of Finance’s Medias Liaison Officer, Abdul Hakim Ahmed, on Friday 4th May presented the Ministry’s comprehensive 33 bullet point response to Dr Mamud Bawumia, NPP Running Mate to Nana Akufo Addo’s ‘State of the Economy’ lecture at the 5th Ferdinand Ayim memorial lecture. The depth of response was coupled with the fevered and unprofessional rebuttals by Dep. Min of Finance Fiifi Kwetei and others. Obviously Dr Bawumia had struck a nerve in dismantling the NDC’s much vaunted ‘single digit’ inflation record amidst claims of ‘unprecedented achievements’.
IMANI: Preliminary Position on the Wikileaks Saga
Wikileaks has enthralled Ghanaian pundits with yet another stash. Here is IMANI's initial stance on the revelations: 1. We accept that for the proper functioning of government and diplomacy a degree of confidentiality is important. 2. However, in a society where transparency is an issue, wikileaks when employed carefully can improve democratic outcomes.
Commodity prices decreased by 2.0% in 1H13, according to the IMF’s All Commodity Price Index, of which metals saw the biggest price drop. The metals price index fell by 12.0%, while fuels declined by 1.9% over the period (this decline was muted by an increase in the WTI crude oil price). Conversely, the food and beverage price index increased by 1.8%. However, this was largely due to a 2.9% increase in the food price index, which countered a 10.4% drop in the beverage price index. When the price of a country’s exports is falling relative to the price of its imports, the country’s terms of trade are declining and it is actually becoming poorer. For Sub-Saharan Africa’s (SSA) net commodity exporters, falling commodity prices imply a decline in the volume of imported goods that can be obtained per unit of goods exported (terms of trade), ceteris paribus. This implies that their consumption is likely to have been dampened by falling export commodity prices, particularly of metals, beverages and fuel. Using econometric analysis, we estimate the impact of softer prices for commodities that dominate Ghana, Zambia, Kenya and Nigeria’s trade accounts, on their respective per capita income growth rates.
IBM to open Kenya research lab to tackle traffic jams
IBM and the Kenyan government are to open a tech research hub in Nairobi, in a joint attempt to help solve local issues such as traffic congestion.The US firm already has 11 research outposts around the world. It plans to have up to 50 researchers in the new centre within five years, attracting potential candidates from across the continent.