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Let me say that at the very beginning I wasn’t going to talk about this case because having referred to EOCO I would regard it to be sub-judice. But I want to say one or two things. When this case first broke, I was in the US and I ordered the two ministries involved, at the Attorney General’s Department and the Finance Ministry, to give me a report, a report which I wanted to be published so that the world would know what happened.

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The Danquah Institute has stated that Ghana National Gas Company, headed by Dr George Sipa-Yankey, is operating illegally as it was not created by an Act of Parliament and currently appears to be breaching the Ghana National Petroleum Corporation Act, 1983 (PNDCL 64), which set up the Ghana National Petroleum Corporation.

The Executive Director of the Danquah institute, Gabby Asare Otchere-Darko made this known at a press conference organised by the Institute and held at the Ghana International Press Centre on Wednesday 21st December 2011.

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The Executive Director of the Danquah Institute, Gabby Otchere-Darko, has stated that industry experts estimate that every day that Ghana either flares gas or is unable to utilise the associated natural gas from Jubilee for power translates into $1.2 million a day in lost revenue.

“This means that for this year the avoidable delays in the development of the gas infrastructure will cost the country a minimum of $638 million”, Gabby said.

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The Danquah Institute has described the $3 billion China Development Bank loan contracted by the Mills-Mahama led National Democratic Congress government as an illegality as it breaches sections of the Petroleum Revenue Management Act passed by parliament this year.

DI is therefore calling for the cancellation and subsequent curing of this loan facility and has urged the parties to the contract to take note of this and proceed to cure it or proceed to their own detriment.

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Other Stories

Spain Elections 2011: Conservative Popular Party Wins Overwhelming Victory
Throw a dart at a map of Europe now and it takes expert aim to hit a country run by a left-of-center government, especially after Spain's Socialists were emphatically drubbed out of power over the weekend. Although the shift to the right began years ago in such heavyweights as France and Germany, it is now all but complete three years into the continent's grinding debt and economic crisis. Why? When times get tough – when "the cows get thin" as the Spanish say – political experts say edgy voters seek comfort with conservatives.
The term “corruption” is used as a shorthand reference for a large range of illicit or illegal activities. Although there is no universal or comprehensive definition as to what constitutes corrupt behavior, the most prominent definitions share a common emphasis upon the abuse of public power or position for personal advantage. The Oxford Unabridged Dictionary defines corruption as “perversion or destruction of integrity in the discharge of public duties by bribery or favor.” The Merriam Webster’s Collegiate Dictionary defines it as “inducement to wrong by improper or unlawful means (as bribery).” The succinct definition utilized by the World Bank is “the abuse of public office for private gain.” This definition is similar to that employed by Transparency International (TI), the leading NGO in the global anticorruption effort: “Corruption involves behavior on the part of officials in the public sector, whether politicians or civil servants, in which they improperly and unlawfully enrich themselves, or those close to them, by the misuse of the public power entrusted to them.” more >>>
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.
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 >>>
Akufo-Addo promises a society of freedom and responsibility
Sunday, June 12, 2011:- The 2012 Presidential Candidate of the New Patriotic Party has stated that the quest to build a modern society for Ghana will depend largely on the citizens of Ghana accepting in equal measure the concepts of both individual liberty and individual responsibility and the authorities having the discipline and conviction to ensure that such an environment thrives without fear or favour. Addressing an international conference of party members in Hamburg, Germany, at the weekend, Nana Akufo-Addo told his audience that for the 2012 campaign he remains committed to the substance of the vision he articulated in 2008, though emphasis may change to respond to prevailing circumstances.
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.
What the Supreme Court said on Dual Citizenship: Prof Kweku Asare vs The Attorney General
In modern times tthe courts have shed much of their conservatism in the construction of statutes. The purposive role of construction is now the dominant rule for the construction of statutes. This in effect gives reality a triumph oveer dogmatic theories of law. Click here for Justice Atugubah's ruling Click here for Justice Date-Bah's ruling Click here for Justice Sophia Akuffo's ruling
London (UK) – 23 April 2011 – The Times - Beneath a dilapidated shack Frank Ofori leaps casually into the entrance of a crumbling mineshaft that plunges 200ft into the earth. With a torch strapped to his head and three sticks of dynamite in his back pocket he begins a ten-hour shift underground in the Kenyase mine camp, 200 miles (320km) north of Accra, where thousands of prospectors risk their lives in the hope of finding gold.
Is Ghana truly the beacon of hope for democracy in Africa?
Ghanaians went to the polls on Friday 7th and Saturday 8th December 2012 to elect an executive President and 275 Parliamentarians for a four year term January 2013 to December 2016. Less than 48 hours after the voting was closed, the caretaker President H.E. John Dramani Mahama of the National Democratic Congress (NDC) was declared a winner with 5,574,761 votes representing 50.70% of the valid votes cast (10,995,262) by the Chairman of the Electoral Commission (EC), Dr Afari Gyan. According to the EC, the flag bearer and presidential candidate of the NPP got 5,248,898 votes representing 47.74% of the total valid vote cast. The total turnout was 80.15% and the elections was held in 26.002 polling stations across the 10 Regions of the country. For some people in and outside Ghana, including this writer, the result was a big surprise. The Economist Newspaper of 15th December 2012 in a short article over the elections wrote that “Mr Mahama’s victory was surprising”. Reasons for the surprise are explained further in the article.
100 years ago, when the founding father of Adisadel, Bishop Hamlyn, admitted the first intake of students to the SPG grammar school at Topp Yard, even he could not have foreseen the great contribution the school would make to our national development. Throughout the history of Ghana, Santacluasians have been at the forefront of our national development. They were very active in the independence struggle, with some paying dearly for their role in the mobilisation of students for the struggle. Not surprisingly, on March 6th 1957, 2 santaclausians - Kojo Botsio and K Gbedemah - flanked Kwame Nkrumah at the rally where the independence proclamation was made. Adisadel has produced a Head of State, 3 Chief Justices, 3 Speakers of Parliament, the first Ghanaian Navy Captain among others. The culture of sportsmanship has always been an important part of the school curriculum. The founding fathers considered sports every bit as important as intellectual persuit. Little wonder that over the years, old santaclausians have been active in the promotion and administration of sports at the national level,our illustrious Headmaster, R.T. Orleans Pobee and the late Sam Nelson to mention but a few. By any measure, Adisco has made an immense contribution to the development of the human capital of our nation.