The Executive Director of the Danquah Institute, Gabby Otchere-Darko, has stated that industry experts estimate that every day that Ghana either flares gas or is unable to utilise the associated natural gas from Jubilee for power translates into $1.2 million a day in lost revenue.

“This means that for this year the avoidable delays in the development of the gas infrastructure will cost the country a minimum of $638 million”, Gabby said.

Read more...

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 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

Other Stories

Nana Addo Dankwa Akufo-Addo and the New Patriotic Party have added their voices to the growing calls on Laurent Gbagboto quit and have criticised the unwillingness of the Mills-Mahama government to adopt a firm and decisive position against his illegal government. The NPP and Nana Addo are disappointed by the mixed signals from the Mills Administration and argue that once ECOWAS and the AU have spoken so unequivocally, Ghana which stands to lose more in the event of conflict should be more assertive in mounting pressure and isolating Gbagbo.
Polls open after DR Congo clashes
Polls have opened for the Democratic Republic of Congo's presidential elections, after a run-up marred by violence and logistical delays. The head of the electoral commission said 99% of polling stations were ready and voting would go ahead as planned. At least three people were killed on Saturday, leading to a police ban on final campaign rallies. It is the second presidential poll in DR Congo since the end of 1996-2003 wars which left four million dead.
2012 NPP Manifesto: Transforming lives, Transforming Ghana
This year’s election is a historic moment for Ghana. Ghanaians have a simple choice to make in either moving forward with the NPP or staying with the failed policies and personalities of the NDC administration that have brought them hardships and poverty. We, in the NPP have been in the forefront of Ghana’s development and transformation agenda. Our record of achievement during our time in government points to the fact that we know how to bring prosperity to Ghana and also make our motto of development in freedom a reality for all. Click here for full document of NPP 2012 Manifesto
Is Ghana truly the beacon of hope for democracy in Africa?
Ghanaians went to the polls on Friday 7th and Saturday 8th December 2012 to elect an executive President and 275 Parliamentarians for a four year term January 2013 to December 2016. Less than 48 hours after the voting was closed, the caretaker President H.E. John Dramani Mahama of the National Democratic Congress (NDC) was declared a winner with 5,574,761 votes representing 50.70% of the valid votes cast (10,995,262) by the Chairman of the Electoral Commission (EC), Dr Afari Gyan. According to the EC, the flag bearer and presidential candidate of the NPP got 5,248,898 votes representing 47.74% of the total valid vote cast. The total turnout was 80.15% and the elections was held in 26.002 polling stations across the 10 Regions of the country. For some people in and outside Ghana, including this writer, the result was a big surprise. The Economist Newspaper of 15th December 2012 in a short article over the elections wrote that “Mr Mahama’s victory was surprising”. Reasons for the surprise are explained further in the article.
The Supreme Court Showed Its Timidity In The Mornah Case
It appears whiles freedom fighters like Aung San Suu Kyi are calling for the judiciary, as an institution, to be “strengthened and released from political interference”, our courts in Ghana find it ok to park the wheels of justice on the compounds of the legislature, expecting to be towed out of there at the pleasure of the executive. If ever there was a farcical case that the Supreme Court was ever called upon to exercise its constitutional powers in order to assert the independence of the judiciary in line with the doctrine of the separation of powers, and stay off any undue reach of the hands of the other two arms of government to frustrate the administration of justice, then the Bernard Mornah case was it.
The National Chairman of the ruling National Democratic Congress, Dr. Kwabena Adjei, has served notice that the executive arm of government could intervene and save the image of the Judiciary if the Chief Justice does not act quickly to correct growing public criticisms that the Judiciary has increasingly become politically bias. He said some judges are fast losing credibility and has therefore asked the Chief Justice, Justice Georgina Woode, to intercede and reverse the trend.
STX has the capacity to deliver Ghana's housing needs - CEO
Accra, June 9, GNA - STX Construction and Engineering Company of South Korea, on Tuesday discounted media reports that the corporate entity is bankrupt and can therefore not roll out the 200,000 housing deal it clenched with Government. Mr Bernard Kwabena Asamoah, Chief Executive Officer (CEO) and Managing Partner of STX said: "A company that is broke cannot be listed on Korean Stock Exchange.
Hope and Experience: Election Reform through the Lens of the AEI-Brookings Election Reform Project
The American electoral system is in many respects an outlier among the world’s democracies. The indirect election of its president through the casting of electoral votes by the states, with no federal constitutional standing for the popular vote, is perhaps the most peculiar. Another is the extraordinary range and frequency of elections, matched only by Switzerland’s system. In the realm of election administration, two characteristics stand out: the highly decentralized nature of the system and the oversight and control of the election system by partisan elected officials. more >>>
Ghana one of 10 countries least likely to pay debts – S&P’s
Ghana has been listed as one of 10 countries least likely to pay their debt owed to multilateral agencies, by credit rating agency, Standard & Poor’s. Ghana is the only African country on the revised credit rating list, reports CNN.The country occupies the 10th position, beating little known Belize and Argentina which are 9th and 8th respectively on the unenviable list.
In a couple of weeks time fuel prices will go up, the PURC may announce new utility prices and with no immediate hope of processing Ghana’s wet gas into fuel for electricity, the bills are likely to go up, as well. Parents, many of them unemployed, may have to find money from any means necessary to pay for their kids’ second term fees. Poverty, unemployment, road traffic, personal insecurity and all the old ills of our impoverished society remain either unresolved or worsening. But, forget about the traffic to buy LPG gas, the traffic to work and back, the traffic to fill job vacancies, the traffic, generally, to getting anything fixed or done in Ghana. The one traffic that appears to excite media and political attention is drug trafficking.