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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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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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Friends of the media, the Danquah Institute called you here to the Accra International Press Centre today, Wednesday, December 21, 2011, for a very good reason. First, Ghana is positioned to be the world’s fastest growing economy this year and this has been made possible by the singular fact that 2011 marks Ghana’s maiden full year as an oil-producing economy. Beyond the lifting of crude oil, Ghana stands to build a multi-billion dollar petro-chemical industry from the monetisation of its natural gas.

Click here for full statement

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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America happy with Akufo-Addo's election petition
United States is pleased with the on-going political situation in Ghana with regards to the current petition challenging the outcome of the December 2012 presidential polls in court.Mr Michael Pelletier, Deputy Assistant Secretary, Public Diplomacy and Public Affairs, African Affairs of the US Department of State, said “it shows that the institutions are working in Ghana and people have confidence in the institutions.”Mr Pelletier said this in an interview with the Ghana News Agency at the US Department of State building in Washington DC yesterday after meeting with 2013 Spring Professional Fellows to address US-Africa foreign policy issues.
Calling Danquah a spy is insulting to the memory of Ghanaian Nationalists
In his book, “By Nkrumah’s Side”, Tawiah Adamafio, a former confidante of Dr Kwame Nkrumah and Information Minister of the Convention People’s Party administration, who was later on to be tried and convicted for the Kulungugu assassination attempt on the life of Ghana’s first President, wrote of the nature of the CPP at the time: “I knew their intrigues and jealousies, the vicious whispering campaigns and the rumour mongering, the deliberate name-smearing and wicked mud-slinging, the character assassination, the interminable inner party struggle, the incompetence and greed, the bribery and corruption.” more>>>
Amending The Constitution Of Ghana: Is The Imperial President Trespassing?
In January 2010, Ghana‘s President John Atta Mills appointed a commission to review and propose amendments to the country‘s current constitution, in force since 1993.1 The ―constitutional instrument establishing the commission tasked the nine-member body2 to ―ascertain from the people of Ghana, their views on the operation of the constitution, and in particular its strength and weaknesses, articulate the concerns of the people on amendments that might be required for a comprehensive review and make recommendations to government for consideration. A Ministry of Justice document setting forth the administration‘s agenda for constitutional reform identifies about forty specific provisions and omissions in the constitution as likely candidates for review and amendment, and the commission is directed to consider these pre-identified issues in its review. By its terms of reference, the commission‘s final work product must include ―a draft Bill for possible amendments to the constitution. more >>>
Mobile phone portability: A freedom to choose, the Ghanaian mobile community must reject
July 1 2011 now has another reason to be celebrated as a day of final celebration from the serfdom of rulers, when as true REPUBLICANS, we affirm our belief in OBIARA YE OBIARA and we are all well and truly equal before MAN & GOD. For those still wondering what I am on about, July 1 2011 was the day when MOBILE PHONE PORTABILITY formally arrived in Ghana(unless that is, like its twin sibling, SIM REGISTRATION, its debut has also been put back by another 3 months).
Politicians should first seek the interest of society - Bawumia
Dr. Mahamud Bawumia, running mate of Nana Akufo Addo, New Patriotic Party (NPP) flagbearer, over the weekend called on politicians to make the interest of society paramount by preaching peace as it was the surest way to develop society. According to him, preaching violence instead of peace would destroy society where everybody would end up as a loser.
STX CEO: Korean Gov't To Fund Housing Deal
The Chief Executive Officer of STX Engineering & Construction Ghana Limited, Bernard Kwabena Asamoah has stated categorically that funding for the 200,000 housing units that STX intends to build in Ghana will receive funding from the South Korean government. Mr B K Asamoah said the 30,000 housing units agreement with the Government of Ghana at the cost of $1.5 billion will be pre-financed by the Korean Government.
Supreme Court Judgment on The Presidential Petition
REPUBLIC OF KENYA IN THE SUPREME COURT OF KENYA AT NAIROBI (Coram: W.M. Mutunga, Chief Justice and President of the Supreme Court; P.K. Tunoi; M.K. Ibrahim; J.B. Ojwang; S.C. Wanjala; N.S. Ndungu, SCJJ.) PETITION NO. 5 OF 2013 -BETWEEN- RAILA ODINGA ..................................................................PETITIONER -AND- 1. THE INDEPENDENT ELECTORAL AND BOUNDARIES COMMISSION 2. AHMED ISSACK HASSAN 3. UHURU KENYATTA 4. WILLIAM SAMOEI RUTO .................RESPONDENTS AS CONSOLIDATED WITH PETITION NO. 3 OF 2013 -BETWEEN- 1. MOSES KIARIE KURIA 2.DENIS NJUE ITUMBI 3. FLORENCE JEMATIAH SERGON ........................PETITIONERS -AND- 1. AHMED ISSACK HASSAN .....................RESPONDENTS 2. THE INDEPENDENT ELECTORAL AND BOUNDARIES COMMISSION AND AS CONSOLIDATED WITH PETITION NO. 4 OF 2013 -BETWEEN- 1. GLADWELL WATHONI OTIENO 2. ZAHID RAJAN ............................PETITIONERS 1 -AND- 1. AHMED ISSACK HASSAN 2. THE INDEPENDENT ELECTORAL AND BOUNDARIES COMMISSION 3. UHURU KENYATTA 4. WILLIAM SAMOEI RUTO .....................RESPONDENTS JUDGMENT A. THE PRESIDENTIAL ELECTION OF 4TH MARCH, 2013:
Mr President, it is the people that give second term, not the constitution- Nana Addo
Nana Akufo-Addo, the flagbearer of the New Patriotic Party, (NPP) is accusing the president of grossly misrepresenting the Constitution of Ghana by insinuating that the constitution gives every candidate two terms. Nana Akufo-Addo told Joy News that such a misrepresentation from no less a person than the president is worrying.
“Ghana obtained independence from British colonial rule in 1957, the first African country, south of the Sahara, to do so. The country was full of promise and expectations of Ghanaians were high. In the words of Dr. Kwame Nkrumah, the first President, Ghana wanted to show the world that the black man can handle his own affairs. Some 53 years later, the optimism has somewhat waned and harsh reality has set in with the wide chasm between what is Ghana today and what could have been.” The above serves as the curtain opener to ‘Monetary Policy and Financial Sector Reform in Africa: Ghana’s Experience,’ written by Dr Mahamudu Bawumia. The book is a comprehensive, objective, concise history of Ghana since 1957, written by an Economist, to be precise a liberal economist, cast in the developmentalist mould of a Ghanaian nationalist. But, the book is not only a historical work, stretching from 1957 to 2008. More importantly, it provides information and models that are both historical and contemporary. It is detailed, easy to read, objectively factual and accurate. It is an excellent read for both set of persons who are new to economics and the others – Economics students, researchers, economists, bankers, politicians, and historians.
Prof Akosa, the wannabe CPP presidential candidate, who was thrashed by Paa Kwesi Nduom in the 2007 CPP presidential primary, has told us recently that Kotoka’s name on our capital’s international airport is an affront to “democratic Ghana”. It should be removed. Kotoka is, of course, the name of the colonel who led the 1966 coup that toppled Kwame Nkrumah’s government and the First Republic. Akosa’s statement implies, at least to me, that Nkrumah’s Ghana was “democratic.” For those who lived through Nkrumah’s era, this statement is nothing short of astonishing. It is the rewriting of history on a big scale. It should not be allowed. By the time of his overthrow, Ghana had become a one-party state in which the colours of the one party – the Convention People’s Party (CPP) – had become the nation’s colours, replacing the national colours. The creation of the one-party state had been effected through one of the first, if not the first, of the 90% plus “referenda” that came to characterise the results of “referenda” in post-colonial Africa.