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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Decisions of the 15 African Union summit
This weekend, 30 to 31 January 2011, the heads of state of the African Union are holding their 16th AU summit in Addis Ababa. The 15th AU summit held in Kampala, Uganda, from 19 to 27 July, 2010, adopted the following decisions: On the Theme of the Summit: “Maternal, infant and child Health and Development in Africa” adopted actions to be undertaken in various Member State, in particular the actions aimed at attaining the MDGs 4, 5 and 6, including the launching of CARMMA, mobilisation of adequate resources for integrated health programmes up to 15% of national budgets, the sharing of best practices within regions, regular evaluation and reporting of progress achieved by Member States;
Is IPAC losing its focus towards electoral transparency?
After the much anticipated need for electoral reforms in Ghana to stem the tide of voter fraud, it is beginning to look like the government has finally buckled to the wishes of common sense that the kind of voters register we have used since 1992 is redundant, retrogressive unwanted and to a large extent archaic. The wish of common sense would have been that we switched to biometric registration followed by e-voting. Somehow the government has agreed to fund the biometric registration but has curiously refused to fund the e-voting. Be that as it may the next step is to give the various political parties a clear road map to the implementation of the biometric registration.
Election petition verdict was “corrupt judgment” - Gabby
A leading member of the opposition New Patriotic Party (NPP) Gabby Asare Otchere-Darko says Thursday’s verdict on the election petition case was a “farcical” and “corrupt judgement”. “This was a corrupt judgement, and I say so without apologies”, the Danquah Institute Executive Director wrote on his facebook wall. Mr. Othcere-Darko, a cousin to the 2012 presidential Candidate of NPP, Nana Addo Dankwa Akufo-Addo, said the judgment by the nine-member panel of the Supreme Court was “potentially dangerous to our democracy”.
What happens to Africa after the mud walls of dictatorship come tumbling down and the palaces of illusion behind those walls vanish? Will Africa be like Humpty Dumpty who “had a great fall” and could not be put back together by “all the king’s horses and all the king’s men”? What happens to the dictators? When the people begin to beat their drums and circle the mud walls, Africa’s dictators will pack their bags and fly off like bats out of hell. Some will go to Dictators’ Heaven in Saudi Arabia where they will be received with open arms and kisses on the cheeks (Ben Ali of Tunisia, Idi Amin of Uganda, Nawaz Sharif of Pakistan found sanctuary in Saudi Arabia, as will Hosni Mubarak of Egypt and Omar al-Bashir of the Sudan and soon.) Others will hide out in the backyards of their brother dictators (Mengistu Haile Mariam of Ethiopia has been holed up in Zimbabwe for the last 20 years; Hissen Habre of Chad remains a fugitive from justice sheltered in Senegal; Mohammed Siad Barre of Somalia lived out his last days in Nigeria as did Zaire’s Mobutu Sese Seko in Morocco). The rest will fade away into the sunset to quietly enjoy their stolen millions. But few will meet the fate of Jean-Bedel Bokassa, the self-proclaimed Emperor of the Central African Republic (CAR) who found sanctuary in France only to return to CAR, face trial and be convicted of murder; or Charles Taylor of Liberia who found refuge in Nigeria before he was handed over to the International Criminal Court and is now standing trial for crimes against humanity and war crimes.
EU to invest in West Africa to check emigration
The European Union has moved to check emigration from West Africa by voting to invest 1.15 billion euros in aid for West Africa through to 2020.
Wikileaks Ghana: Top of the Pops
Embassy was approached by two advisors to National Democratic Congress (NDC) candidate John Atta-Mills, Edward Nunoo and Sylvanos Tamakloe, who told Political Office that Electoral Commission (EC) Chairman Kwadwo Afari-Gyan was being pressured by the ruling National Patriotic Party (NPP) to announce false results that would be supplied by the NPP. The EC Chairman told Ambassador that the allegations were "utter nonsense." #WIKILEAKS more>>>
Ace Ankomah explains to all ye lay men why Woyome-gate stinks
There are a lot of things flying all around and above us about a man whose name has over the past few months become a noun, a verb, an adjective and any other literary device you may want to attribute it to. I had frankly never heard the name Woyome until the Chronicle blew the lid over some gargantuan amount (with all due respect and the succinct permission of a certain Martin Amidu) to the whole nation. All kinds of people, most of whom have absolutely no background in law nor finance to investigate or the journalism skill to piece together all of the numbers and laws for us all to understand, have been on air, on TV, on social media all seeking to exonerate government or make government look like a bunch of criminals out to dupe Ghana.
IMANI Alert: Is Ghana Amongst the Worst-Branded in Africa Now?
On June 9th this year, a certain Daniel Fisher, a Senior Editor at Forbes Magazine specialising in macroeconomic and legal issues, wrote an article in which he “showcased” Ghana as the 9th “worst-managed country” in the world. This is curious, seeing that in the preceding month Mr. Fisher had written at least 25 articles almost exclusively on the domestic economy of the US. Indeed his only two forays into the global arena concerned this rather peculiar ranking of the “10 worst-managed economies of the world”.
Akufo-Addo to address inaugural Liberty Lectures today
The Danquah Institute today, August 18, 2012 hold its inaugural annual liberty lecture with the 2012 Presidential Candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo delivering a paper on the theme “Building a Society of Opportunities in Ghana”. The lecture takes place at the Asante Hall of the Alisa Hotel, North Ridge at 6:30pm, with Nana Akufo-Addo set to deliver his speech at 7pm. more>>>
Oil Receipts and National development
In less than a year the production of oil on the shores of Ghana would go live. Oil is always a commodity on demand. 85 million barrels is how much we consume everyday. Its effect on human life is like the force of gravity and the energy it provides goes to the very heart of the world economy. In spite of the threat from the green revolution, the global demand for oil energy is expected to double in the next three decades. This makes Ghana’s near entry into the oil industry a big thing for the people of this country. Though the start up production figures suggests Ghana would remain infant on the market for sometime to come, revenues accruing from oil production would be additional source of income for national development.