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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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>>

For several weeks now, accusations have been flung back and forth between the election commission and the opposition about the voter register, a database of around 32 million voters that identifies those eligible to vote in the November elections. The stakes are potentially huge, as if the register is rigged, it will be difficult for observers at the polling stations to identify fraud.

The report is a confidential document written in early August by Zetes, a Belgian company contracted by the Congolese government to issue biometric voters cards.

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Other Stories

Akufo-Addo meets David Cameron over 2012 elections and gay issues
The 2012 Presidential Candidate of the New Patriotic Party NPP), Nana Addo Dankwa Akufo-Addo, met with British Prime Minister, David Cameron, MP, last Thursday. Nana Akufo-Addo was in London for the two-day (November 10-11, 2011) 11th Party Leaders’ Meeting of the International Democrat Union (IDU), hosted by the UK Conservative Party.
Invitation from Danquah Institute - Public Lecture on International Corruption
The Danquah Institute has invited the world renowned international criminal law expert, John Hardy QC, to deliver two lectures on international corruption and money laundering next week. We are extending an invitation to you to attend these lectures which we consider as important to our national development efforts. The theme of the first lecture is: “PROTECTING GHANA AND GHANA’S EMERGING FINANCIAL OFFSHORE CENTRE STATUS FROM MONEY LAUNDERING”. Venue: BRITISH COUNCIL on TUESDAY, MARCH 9, at 9.30AM. more >>>
Radio Remains Top Choice for News Even as Traditional Media Loses Ground
Radio remains the dominant news source for most Africans; more than 60% of the people in every state except Egypt consume radio news, according to Afrobarometer's survey of 34 countries. Both television and internet are growing as sources of news, chipping at radio's dominance, but 77% of people on the continent listen to radio news at least a few times every month, the survey shows. Afrobarometer's report, "The Partnership of Freedom of Speech and Good Governance in Africa," was released today at the Institute of Development Studies at the University of Nairobi. Written by Winnie Mitullah and Paul Kamau from IDS, the report tracks media use across 34 countries in 2011-2013 (Afrobarometer Round 5), and over time in 16 countries (2002-2012).
Frank Agyakum: Encounter with BNI fruitful
Ex- Deputy Minister of information under the Kufuor administration has described as fruitful discussion between him and the Bureau of National Investigations.Mr. Frank Agyakum was invited to answer questions pertaining to the award of contract for the renovation of offices within his ministry.
EC Addresses to Supreme Court of Ghana
In the matter of a petition challenging the validity of election of John Dramani Mahama as President of the Republic of Ghana pursuant to the Presidential Election held on 7th & 8th December, 2012
Evidence Of Malpractices, Violations And Irregularities In The 2012 Presidential Election
OVERVIEW : BACKGROUND THE STATEMENT OF POLL AND DECLARATION OF RESULTS FORM NATURE OF THE MALPRACTICES, VIOLATIONS AND IRREGULARITIES FOUND DETAILS OF MALPRACTICES, VIOLATIONS AND IRREGULARITIES – STATISTICAL EVIDENCE Click Here for Full Presentation
It looks like a very, very bad deal - reminiscent of the bad old days of naive and greedy African politicians. Even before production begins, Ghana’s new-found oil wealth is being scandalously mortgaged for a deal that should have gone to Ghanaian companies at about half the price we are paying a foreign company that, according to reports, is neck-deep in debt and effectively insolvent. It is arguably a most unpatriotic piece of agreement even by the standards of a corrupt and undemocratic government. One of the financial agreements that the Mills-Mahama administration sought to push through recently, under a certificate of urgency when Parliament was on recess, was a Suppliers Credit Financing Agreement between the Government of Ghana and STX Engineering and Construction Limited (subsidiary of the STX Group, Korea) for an amount of US$1,525,443,468.00 for the construction of 30,000 housing units for the security services. Thankfully, the Minority asked for some more time and details for deeper study.
STATUS OF ELECTORAL REFORM IN GHANA A Report by the Danquah Institute
In recent months, political parties in Ghana including the New Patriotic Party (NPP), the Convention People’s Party (CPP), the Progressive People’s Party, religious groups, the media and civil society groups such as the Let My Vote Count Alliance have made the case for urgent and honest electoral reform in the lead up to the November 2016 elections.
Kenya Election Results: Uneasy Calm After Court Ruling On Vote
Kenyan police deployed forces Sunday in the capital and the lakeside city of Kisumu to contain the continuing threat of violence after five people were killed in riots Saturday, officials said, but the country remained mostly peaceful after a court upheld Uhuru Kenyatta's election as president. Rowdy youths in Nairobi's slums were still trying to protest the Supreme Court's ruling against Prime Minister Raila Odinga's challenge to the validity of Kenyatta's win, Nairobi police officials said Sunday.
Oil + Tribal Bigotry + Hegemonism-a recipe for civil war in Ghana
Tribal CancerThere is a cancer eating into our national fabric. It is the cancer of tribalism. There are elements in Ghana especially the so-called opinion leaders whose incorrigible mindset of tribal bigotry would derail any inter-tribal harmony and pacification efforts in Ghana. It seems our national leaders have no desire to resolve the issue of tribalism. Tribalism spans the political divide. For most of our post independence history, Ghanaians have lived relatively peaceful lives without regards to tribal or ethnic origins. Today the simmering flame of tribal bigotry has reached epic proportions and unless our national leaders take bold actions to confront it now; Ghana might one day be engulfed in a civil war. Diversity and Harmony in Obuasi.