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

Site for Upper West Regional hospital covered by weeds
A visit to the proposed site for the construction of the Upper West Regional Hospital, in Wa, by Dr. Mahamudu Bawumia and a team of media men indicates that nearly two years after the sod was cut for construction of the Hospital to begin, not even a single block has been laid on the site.Despite assurances by President Mahama almost three months ago that funding had been fully secured for construction of the hospital to begin, and the project completed within a few months, the site for the proposed hospital has been completely taken over by weeds.
Full 2012 Budget Statement
Madam Speaker, I beg to move that this august House approves the Budget Statement and Economic Policy of the Government for the year ending 31st December, 2012. Today, I humbly stand before you to present the fourth Budget Statement and Economic Policy on behalf of the President, His Excellency, Prof. John Evans Atta Mills in accordance with article 179 of the 1992 Constitution. Click here for full budget statement
International Corruption: How Ghana Can Collaborate With The United Kingdom And Other Countries To Beat It: aka Thoughts On Prevention And Cure
A statistic: the World Bank estimated that in 2004, 6% of the world’s economy consisted of payments made by way of bribe. 1. I want to begin with an African success story in the fight against corruption. It concerns an all-too typical scenario: a small African state seeks to develop a natural resource project, an infrastructure development of potentially massive significance and benefit to its people. It does not have the construction resources and expertise to develop the project itself, and so it invites tenders and contributions from large Western construction companies. The scale and dimensions of the project are mouthwatering as commercial propositions for the competing companies.
Unlike Danquah Institute (DI) chief Gabby Asare Otchere-Darko, I was not the least bit surprised, much less shocked, by the reported backtracking of the Ghana Real Estate Developers’ Association (GREDA) on its initial protest of the NDC-STX $10 billion scam, purportedly aimed at providing affordable housing to middle- and low-income Ghanaian citizens. I wasn’t surprised because in the published statement released by GREDA and signed by its president, Dr. Alex Tweneboah, the national realtors’ organization emphatically let on its rather capricious tentativeness towards the entire saga. In other words while, indeed, GREDA firmly agrees with the think-tank likes of the Danquah Institute and IMANI, to name just a few, as well as other thoughtful and well-meaning individuals, Dr. Tweneboah makes it patently clear in his press release that absent STX, GREDA would be left absolutely clueless in the negotiations process. What the preceding implies is that GREDA’s overriding concern has more to do with the fact that the association had not initially been invited as a junior partner to STX by the government.
Book Review: The living story of the poor village boy who became the first presiding bishop
I enjoy reading biographies but I have over-enjoyed reading the autobiography of the Most Rev. Dr. Asante Antwi. His book, ‘Samuel Asante Antwi – a living story’ is 160-pages of courage, perseverance, patriotism, Christian teachings and achievements of a poor, village boy who saw the heavens as the limit and rose through the firmaments to become the First Presiding Bishop of the Methodist Church, Ghana. This autobiography can also be described as a biography of Ghana, from 1937, through the formation of the UGCC in 1947, the confidence and pride of a young, nation with an energetic leadership after Independence after 1957, the dictatorship of the 1960s, the short constitutional interludes, coups and more coups before the last push for the longest, most stable period of constitutional rule since 1957.
Biometric verification in December polls will be
The Managing Editor of the Daily Dispatch newspaper, Ben Ephson has predicted it will be suicidal for the Electoral Commission to implement full electronic voter verification in the December elections. Ben Ephson served the warning on Accra-based Radio Gold’s Power Drive morning show on Wednesday and according to him, voter verification would not be a panacea to vote rigging or electoral fraud in the December 7 polls.
Financial Times on Nigeria: SEC interview transcript
As Nigeria’s new securities regulator, Arunma Oteh has a tough task ahead of her. Africa’s second-biggest stock market is struggling to recover from a crash that has wiped $50bn off its market capitalisation from its March 2008 peak. Allegations of foul play abound – to be probed in the investigation Ms Oteh has ordered. In her first interview with a foreign media organisation since taking up her post as director general of the Securities and Exchange Commission at the start of the year, Ms Oteh tells Tom Burgis, the FT’s West Africa correspondent, of her “transformation agenda”. more >>>
The Re-demarcation and Reapportionment of Parliamentary Constituencies in Ghana
In February, 2011, the Ghana Statistical Service (GSS) released provisional results of the 2010 Population and Housing Census. All eyes are now on Ghana’s National Electoral Commission (EC), as it is constitutionally required to use the new census data to determine the allocation,demarcation, and apportionment of parliamentary constituencies in the country. In this essay, I attempt to address—from an admittedly Americanist standpoint—questions pertaining to legislative representation in Ghana. Click here for full document
Morality and Leadership  For 2012
Elections are around the corner in both America and Ghana and the airwaves are filled with spin. In the United States, former pizza mogul Herman Cain’s campaign is over due to accusations relating to womanizing and harassment. Here in Ghana, every few days, there are accusations about the moral failings of one candidate or another. There are charges of womanizing, homosexuality, drug use and lack of smarts.
Re: Gov't demands retraction, apology from Gabby over 'chop chop' allegation
My attention has been drawn to a statement issued by the Government of the Republic of Ghana “demanding an immediate substantiation or a retraction and apology from the NPP’s Gabby Okyere Darko [sic] who said in an interview on Joy Fm on the evening of Thursday 25th August, 2011 that ‘some people who arranged it [the loan] will have access to $30 million when the $3billion loan is approved by Parliament.” The statement from Government added that in the said interview, “Mr Gabby Okyere Darko impugned corruption when he made the following remarks: ‘Why is this so called Master Facility Agreement before Parliament because it doesn’t automatically lead to the project being funded? It doesn’t.