An Accra High Court (Cocoa Affairs, Court 11) presided over by His Lordship Patrick Baayeh has handed down a heavy judgement on the National Petroleum Authority (NPA) and Tema Oil Refinery (TOR) in a case in which three plaintiffs accused the NPAand TOR of inflating fuel prices and using the money for hidden purposes. more>>

The Constitution Review Commission (CRC) has recommended that the presidential and parliamentary elections be conducted in November in subsequent election years after 2012 to facilitate smooth transitional processes.

The commission further proposed the expunging of the indemnity clauses of the 1992 Constitution which provide coup makers immunity from prosecution.

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THINK OF the revolutions in the Middle East as Act 1 in a five-act play that may not conclude for a generation or more. Nearly a year since protests in Tunisia ignited a regional wave of reform and revolt, the euphoria and hope of last January has turned to frustration and cynicism as Egyptians battle their military government in Cairo and sectarian war in Syria intensifies.

The Arab world may be heading for an unpredictable and violent Act 2 in 2012.

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Apart from the $3 billion China Development Bank (CDB) loan approved last August, the Mills administration has lined up some 30 fresh loan agreements for parliamentary approval before the 2012 general elections.

Analysis done by The Globe newspaper puts the total value of these new loan facilities at more than US$ 4 billion.

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Dr Bawumia is Special Guest of Honour at DI Election Petition Symposium
“Did a majority of the court say over-voting did not matter? Did the Court say it was ok to vote without biometric verification? Did the Court really ignore an entrenched constitutional provision? Have the public being helped to understand the decision and what it means for 2016 and other future elections?” These and many more will be answered tomorrow at the National Theatre where the Danquah Institute’s symposium on the Presidential Election Petition judgement takes place.
Weak Global Recovery Depends on Progress in Europe and United States
An already sluggish global recovery shows signs of further weakness, mainly because of continuing financial problems in Europe and slower-than-expected growth in emerging economies, the IMF said in a regular update to its World Economic Outlook (WEO). Two other IMF reports were also released July 16.
DI damns GTV’s shameless pro-NDC bias in election season
Ghana Television (GTV) in this election period has chosen to ignore all other Presidential Candidates to become a propaganda mouthpiece for the ruling party. This must be highlighted and stopped now as the campaign heats up. With less than four months to the December 7 general elections, the presidency must not be exploited as a PR pretense to offer to offer unfair airtime to one party against all others. The public broadcaster should be conscious of its responsibility to offer fair coverage to all contenders. GTV, expectedly, has been following religiously the activities of our new President, H.E. John Dramani Mahama, bringing them to the living rooms of Ghanaians and it has been doing so by devoting an inordinately large chunk of its news coverage on every political activity of the President.
World Bank offers guidelines against “White Elephant Projects”
The World Bank has urged Ghanaians to expand public discussions on the controversial record loan facility from China to focus more on interrogating the efficient use of the funds and the nature and scope of the projects selected in order to achieve the desired national development results. Speaking at a public forum on the $3 billion Chinese Development Bank loan for infrastructural development, organized by the Danquah Institute, the resident Chief Economist of the World Bank, Sebastien Dessus, has called for a competent assessment of infrastructural projects to ensure that Ghana consistently gets value for money and that such investment spending does not disturb future national budgets and the country’s ability to pay off its debts.
GOG has agreed to offer the following terms and exemptions to STX: GOG shall provide a sovereign guarantee to enable the STX E&C Ghana to raise over $1.5 billion as financing for the project. GOG has signed an off-taker agreement to purchase at least 90,000 housing units some of which may be allocated to the security services. GOG shall exempt the STX from tax for its imports of materials and machinery GOG shall exempt the Consortium from corporation tax Click Here for More >>>
It has emerged that the 442 million Euros (US$585m) loan agreement presented to Parliament last month and yet to be approved for the provision of 200 ambulances and the construction of 12 district hospitals, is with a company in the Czech Republic, Opus 7, that deals in clay, stove lining and masonry cement. Among the more than half a billion dollar loan deal with the Ghana Government, the clay-based manufacturer has offered to build 12 district hospitals at the cost of $40 million each. There are currently 70 districts in the country without district hospitals. The existing quality and capacity of district hospitals suggest that the loan facility, nearly $490 million of which are for the construction of hospitals, could put 70 district hospitals at a unit cost of $7 million or half the number at $14 million per district hospital.
EFFECTIVE UTILISATION OF OIL REVENUE: LOCAL CONTENT, TRANSPARENCY AND ACCOUNTABILITY
Good morning, it is a great pleasure and honor to be given this very important platform to share my views on the emerging oil and gas industry in Ghana. Let me acknowledge our managing Director Mr. Ibrahim Awal for his leadership and foresight and also the privilege of being on the platform of the second Graphic Round Table Conference with Prince Amoabeng, our most respected CEO and entrepreneur par excellence. more >>>
Press release on Thursday public forum on Govt/STX Korea Housing Deal
Danquah Institute(DI), The Imani Centre and The World Bank are organizing a public forum to probe Government’s US$1.5 Billion Supplier’s Credit Facility Agreement for Housing with STX Korea, a construction firm from the Republic of Korea. Tuesday June 01, Accra– Danquah Institute (DI), a leader in policy advancement, advocacy and research in collaboration with the World Bank and Imani Centre will on Thursday 3rd June hold a public forum at the British Council Hall on the feasibility of the agreement between the Government of Ghsna and STX Korea for the construction of 200,000 housing units for $10 billion.
Hold elections in November - Final report recommends
The Constitution Review Commission (CRC) has recommended that the presidential and parliamentary elections be conducted in November in subsequent election years after 2012 to facilitate smooth transitional processes. The commission further proposed the expunging of the indemnity clauses of the 1992 Constitution which provide coup makers immunity from prosecution.
NPP CHOOSES CHILDREN'S PARK TO DECLARE WINNER
Saturday, August, 7, nearly 15,000 delegates, about one out of every 78 Ghanaian voters, are expected to cast their votes to elect the 2012 Presidential Candidate of the New Patriotic Party. The election, which takes place simultaneously at 230 centres in all 230 constituencies in Ghana, will begin at 8am and end at 3pm. Already, the Electoral Commission, which will supervise the contest has dispatched ballot papers and boxes to all 230 centres.