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.

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We have taken note of Government’s statement on the abolishing of illegal fuel price margins by the High Court. The statement is most unfortunate. In particular, the argument by Government that the removal of the illegal price top-ups will lead to higher fuel prices is deceitful.

For the benefit of the public, we quote the petroleum pricing formula made pursuant to the National Petroleum Authority Act, 2005 (Act 691): more>>

An analysis of the petroleum receipts and distribution report, for the period ending 30th September 2011, published by the Dr Kwabena Dufuor on the 21st of November 2011 reveals that Ghana lost a total amount of $479,317,303.30 under the Royalty Tax System it has adopted.

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A recent decision by an Accra High Court could have misunderstood the use of the Ex-refinery price differential In the calculation of fuel pump prices and this may force Government to raise retail pump prices if the National Petroleum Authority (NPA) loses its appeal and Government is mandated to carry out the court order.

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WASHINGTON, March 31, 2011 The Government of Ghana over the past one week has been granted a total of US$295 million by the World Bank Board to support its developmental process. The Land Administration Project-2 (US$50m) was approved today, March 31 2011; whilst the Skills and Technology Development Project (US70m) and Local Government Capacity Support Project (US$175m) were approved on March 29th and March 22nd , 2011 respectively.
GNPC Confuses Ghanaians About Abnormal Jubilee Costs
Rather uncharacteristic of the secretive organisation, the Ghana National Petroleum Corporation (GNPC) finally issued a press statement to respond to concerns raised by civil society about Ghana’s underperforming oil industry. While the GNPC is to be commended for its increasing responsiveness and transparency, its grudging tone detracted somewhat from its attempt at responding to its critics and stakeholders.
DI DEMANDS AUDIT OF BIOMETRIC REGISTER
The Danquah Institute is calling for an open international tender for the biometric voter register used in the conduct of the December 2012 Presidential and Parliamentary elections to be cleansed of all double registrations.In an exclusive interview with the acting Executive Director of the Accra-based policy and governance think tank, Mustapha Abdul Hamid, he stated that a credible voter register is the gatekeeping process that seeks to ensure that only those eligible to vote are indeed allowed to vote when they arrive at the polls to cast their votes.
Ghana Sits on Borrowed Money & Borrowed Time
The World Bank Ghana Country Office’s Conference Room was the scene of lively discussions and startling revelations on Friday last week (18th June 2010). It emerged in a fascinating exchange between senior officials of the Ministry of Finance (past and present) and the country program manager of the Bank, Katherine Bain, that considerable amounts of monies approved for various projects in the country were still sitting idly in various accounts at the Ministry, several months after they were earmarked for disbursement towards critical development projects.
What about China?
But the U.S. is not alone in seeing Africa as a better bet to provide a secure source of energy. There is a new scramble for Africa’s raw materials, especially energy resources, brought on by China’s astonishing industrial growth and its deepening influence in the global economy. It is the second largest consumer of oil in the world behind the United States. Consistently high economic growth rates saw Asia’s formerly largest oil exporter switch to become a net importer of oil since 1993. The International Energy Agency projects China's net oil imports will jump from 3.5 million barrels per day in 2006 to 13.1 million barrels per day by 2030.
Press Release: Monetary Policy Committee - September 2013
Members of the Press, let me once again welcome you to the press briefing on the MPC’s assessment of economic developments over the past eight months of the year, the outlook and the positioning of the policy rate.
Fraud and corruption is costing Britain £30 billion a year
It is almost 25 years since the Roskill Report published its radical recommendations for improving the way complex fraud, corruption and financial market crimes are tackled. In that time the complexity of business transactions and the amount of activity in financial markets have both increased dramatically.
I was glad to read the announcement made by World Bank President, Dr. Jim Kim, at the start of this year’s UN General Assembly meetings, about the Bank’s projected financing support through the end of 2015 to help developing countries reach the Millennium Development Goals (MDGs) for women and children’s health. As we move toward the culmination of the MDGs in 2015 and beyond, preventing maternal and child deaths should be seen by all government delegations and their partners in the international development community as a clear yardstick to measure their commitment for creating more just and inclusive societies. But as evidence has shown across the globe, to effectively address the insidiousness of this challenge, a broad multi-sectoral paradigm for action is needed. In some countries, particularly in resource-poor settings and among certain population groups, there are social and cultural norms that need to be better understood to deal with myths and misconceptions surrounding pregnancy, childbirth and proper care of the newborn. There are also geographical barriers, as in rural communities high in the Andean mountains of my native Ecuador, or in the Caucasus mountain range in Georgia and Azerbaijan, where the poor state of roads in a challenging terrain, or the unavailability of transport to a health facility, contribute to preventable maternal deaths.
Highlights of Nana Addo's vision - Excerpts of Liberty Lecture
4th August 1897 first Ghanaian lawyer, John Mensah Sarbah, pioneering Pan-Africanist Joseph Casely Hayford, Peter Awoonor Renner, Jacob W. Sey, George Hughes, J. P. Brown and others established the Aborigines Rights Protection Society in Cape Coast. The Society mounted an effective, successful campaign, mobilizing the chiefs and people, to oppose the infamous 1897 Crown Lands Bill, which sought to expropriate our lands to the British Crown. more>>>
Unemployment is world's fastest-rising fear - survey
Unemployment is the world's fastest-rising worry, a BBC World Service survey covering 11,000 people in 23 countries suggests. The annual poll, called The World Speaks, gave people a list of concerns and asked which they had discussed with friends or family in the past month. Corruption and poverty still ranked the highest, but unemployment was mentioned by 18% - six times the rate citing it in the first survey in 2009.