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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The Mind of Empire: China’s History and Modern Foreign Relations
With an economy and population that dwarf most industrialized nations, China is emerging as a twenty-first-century global superpower. Even though China is an international leader in modern business and technology, its ancient history exerts a powerful force on its foreign policy. In The Mind of Empire: China’s History and Modern Foreign Relations, Christopher A. Ford expertly traces China’s self-image and its role in the world order from the age of Confucius to today. Ford argues that despite its exposure to and experience of the modern world, China is still strongly influenced by a hierarchical view of political order and is only comfortable with foreign relationships that reinforce its self-perception of political and moral supremacy. Recounting how this attitude has clashed with the Western notion of separate and coequal state sovereignty, Ford speculates–and offers a warning–about how China’s legacy will continue to shape its foreign relations. more >>>
 
On Monday, September 16, 2013, the Danquah Institute, in partnership with other civil society groups will hold a symposium at the British Council for jurists and other legal and statistics experts to critique the decision of the Supreme Court in the presidential election petition filed by Nana Akufo-Addo and two others against the election of President John Mahama in the December 2012 election.But, last week, as a panellist on two separate current affairs programmes on radio (Oman FM and Joy FM), I provoked an argument, which will be one of the topics that the legal and analytical minds will delve into at the upcoming symposium.
EFFECTIVE UTILISATION OF OIL REVENUE: LOCAL CONTENT, TRANSPARENCY AND ACCOUNTABILITY
Good morning, it is a great pleasure and honor to be given this very important platform to share my views on the emerging oil and gas industry in Ghana. Let me acknowledge our managing Director Mr. Ibrahim Awal for his leadership and foresight and also the privilege of being on the platform of the second Graphic Round Table Conference with Prince Amoabeng, our most respected CEO and entrepreneur par excellence. more >>>
Mr President, Rule, Don't Preach
Prayer, thanksgiving and fasting are no substitutes for hard work, creative thinking and visionary leadership. to a GNA report on Ghanaweb.com posted on January 29, 2010, President John Atta Mills has declared Sunday, March 14, 2009 as a National Prayer and Thanksgiving Day and has therefore asked all Ghanaians to support and participate in it. In the news item in question, the president entrusted the nation into the hands of God and appealed to the Christian clergy to support government to put the nation on a sound spiritual foundation.
DI Reschedules Symposium on Election Petition
The Danquah Institute has been compelled to reschedule its symposium on the Election Petition due to the refusal of the British Council to host the event because of what it describes as the “politically suggestive” nature of the event. It is recalled that the Danquah Institute had originally scheduled the event to take place on Monday, 16th September, a date the Institute had set because of the assurances it received from the British Council about the availability of its auditorium on the said date.
“….What do we have now? A thieving political and business elite who have not raised a dime of their own capital conniving with our civil and public servants to steal Ghana’s scarce resources under all sorts of rotten deals.….” I am constrained to cite these concluding lines from my tribute to B.A. Mensah because quite a few people, including two anxious Professors from the UDS I met at the funeral of the academic and (not-greedy) asute businessman and friend, Sam Aboah at Adukrom urged me to write an article premised on these lines. That paragraph forms the basis of this attempt to discuss the insidious matter of unashamed and barefaced thievery going on in Ghana.
I would like to thank all of you for making the time from your busy schedules to be present at this year’s Ferdinand Ayim Memorial Lecture. This is my first major public statement since being selected by Nana Addo Dankwa Akufo-Addo (with the support of the National Council of the NPP) as his running mate for the December 2012 Presidential elections. I want to take this opportunity to express my profound gratitude and appreciation to Nana Akufo-Addo for the honour of reaching out again to select me to serve as his running mate, and Insha-Allah, as the Vice-President of the Republic, under an Akufo-Addo presidency. Click here for full speech
DI Warns: Ec Cannot Create New Constituecies Based On New Districts
The Danquah Institute is concerned about what appears to be an unconstitutional attempt on the part of Government to compel the Electoral Commission to create new constituencies based on the apparent creation of 42 new districts recently. This, we believe, is based on a wrong and strange interpretation of the law that a constituency cannot fall in two districts. Therefore, once the Executive, with the support of its parliamentary majority, goes ahead to create a new district, which then leads to the splitting up of a constituency into the old and new administrative areas, then the EC has to follow suit and create a new constituency for the new district.
PRESIDENT MAHAMA MUST EXPLAIN THE SEIZURE OF GHANA’S GOLD IN TURKEY
The Danquah Institute is deeply concerned about news from Turkey and in the international media to the effect that 1.5 tons of Ghana’s gold, which was said to be heading for the Islamic Republic of Iran, was seized in Turkey. The 1.5 tons of gold, worth some $80 million, is said to be “Ghana’s financial commitments to Iran” over a transaction, details of which are not known to the public. Interestingly, this seemingly curious transaction took place over the election period and at the time of the transition. What is also curious is the choice of the President to travel to Turkey around the time of this unspoken crisis and yet this issue has not featured in any official communication about the Presidential trip.
Since the 2003 FSAP Update, Ghana’s financial system has undergone rapid growth and structural transformation. Although the financial system remains relatively underdeveloped, the number of intermediaries and their scale of operations have increased, most notably in banking, insurance, capital markets, and micro finance. The range of financial services has also broadened and corporate structures are becoming complex, with conglomerates gaining importance. In addition, foreign shareholding, particularly from within Africa, has increased in the banking and insurance sectors. more>>>