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.
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.
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.