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...

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.

Read more...

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.

Read more...

Other Stories

GIPC Energy Investor Roundtable Meeting Summary 2013-05-02: Held at Ernst & Young More London
The vision for a new GIPC Mrs Trebarh outlined the brief she has received from His Excellency the President to transform the GIPC into an effective ‘gateway’ for investment proposals and enquiries. To deliver this Mrs Trebarh detailed her vision for the new GIPC including a number of fundamental structural and resource changes that are underway, such as: A new GIPC website to act as a dedicated investor resource Increased emphasis on helping investors identify and access local companies Building stronger connection with Ghana’s academic community to identify the capacity needs of the private sector and agree how academia can support these Full Document
Record Of Ghana's Historical Past
The recent inauguration of the Kobina Sekyi Memorial Lectures, in addition to the already established J.B. Danquah and Kwame Nkrumah annual lectures, provides an opportunity to draw special attention to the neglected aspects of Ghana’s political history in order to set the record straight for the younger generation. Our youth seem to have a very limited knowledge and appreciation of the background to Ghana’s independence struggle and its singular significance. We need to go beyond superficial and partisan analysis of past events to recognise the contributions made across the board to Ghana’s position in the world today.
Education is my priority – Nana Addo reaffirms commitment
The 2012 Presidential Candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, has stated that the results of Junior High School students who sat for the recent Basic Education Certificate Examination give credence to why “I have made education, education, education, a high priority of an Akufo-Addo administration.” According to the NPP flagbearer, “this year’s BECE results are at best, negatively, consistent with the results of previous years, except we have more people failing this year, and facing a very bleak future prospect.”
After experiencing inflation of 40.5% plus in 1999-2000, inflation in Ghana is currently 9.08%. The current government is boasting that it has consistently brought inflation down from the highest of 22% from mid 2009. The NPP administration naturally credited itself for bringing inflation down from 40.5% to the 18% in 2008 when they left power. In this paper I intend to look at the policies both administration worked on to bring down the figures. In the developed economies, sound monetary and fiscal policies are the most important tools for maintaining low inflation. The central bank’s monetary policy committees are given an inflation target by the government. The first step is for the central bank to try and predict future inflation. They look at various economic statistics and try to decide whether the economy is overheating. If inflation is forecast to increase above the target, the central bank will increase interest rates. Most central banks have used interest rates to try and achieve inflationary target.
Supreme Court corrupted the Constitution
The Executive Director of the Danquah Institute, Mr Gabby Asare Otchere-Darko says he does not intend to apologise to the Supreme Court for his description of the Court’s election petition verdict as ‘corrupt’. The comment which followed the verdict that upheld the validity of President John Dramani Mahama’s election in the 2012 presidential election, has widely been deemed contemptuous.
M&J Prosecutor arrives in Ghana
The prosecutor for the Mabey & Johnson international corruption case which ended in a conviction in the United Kingdom last September, has arrived in Ghana to deliver two public lectures on how to tackle Money Laundering and International Corruption. While in Ghana, he is scheduled to meet some public officials, as well, notable amongst them is Justice Emile Short, the head of the Commission for Human Rights & Administrative Justice. more >>>
Global Economic Positioning
As Ken Ofori-Atta of Databank stated at Chatham House recently, “We have not seen such massive destruction of wealth in the history of modern civilisation and I might add also such rapid recreation of capital in the past year. Africa is truly astounded at how quickly the West can mobilise to save their companies when a fraction of those amounts could reinstate the impressive growth trajectory which Africa had achieved.”
Full Statement of the 2011 Supplementary Budget
Madam Speaker, following the approval of the 2011 Budget Statement and Economic Policy and coming into effect of the Appropriation Act, it has become necessary for me to once again appear before this august House to present a review of the performance of the economy and supplementary estimates in accordance with Article 179 (8) of the Constitution and Standing Order 143 of Parliament. In so doing, I wish to seek your approval for a supplementary appropriation of GH¢1,463,123,559 on behalf of the President, His Excellency John Evans Atta Mills, the details of which are presented in Section 5 of this report. Click here for full statement
Dr J B Danquah, Ghana's President we never had (Part 1)
The image and memorabilia of some very prominent patriots who have spent the whole of their time struggling for the ideals of good governance and self-government have been pushed under the carpets of some so-called new era politicians. As to who did what in the past, bringing about the present that they have come to inherit, that will lead us into the future is not their concern.
Africa Human Development Report 2012 - Towards a Food Secure Future
Africa has seen an extraordinary rebound in economic growth over the past decade. Some of the world’s fastest growing economies are in Africa, and they have expanded even during the ongoing uncertainty in the global economy. This has brought a much-needed reduction in poverty in the region and a renewed sense of optimism about its future. There is no doubt that economic growth is critical for human development, and it is imperative that growth be sustained. Click here for full report