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Budgets have become annual rituals and have defined the directions of the economy. It therefore does not evoke the level of interests it did in the past. However, the last two Budget Statements of the Government of Ghana have been significant for two reasons.

First, the introduction of oil revenues to the budget has raised expectations of Ghanaians for improvement in their living conditions and whether oil could provide that boost is a function of its management which the Budget has responsibility for.

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In theory, parliaments are one of the key institutions of democracy, playing an important role in terms of legislation, oversight and representation. Regrettably, in many developing countries – as well as in many developed countries – parliaments are weak, ineffective and marginalised.

Parliamentary strengthening aims to enhance the effectiveness of parliaments through institutional development, through building the capacity of parliamentary staff, MPs and committees, and through putting in place the nuts and bolts of infrastructure and equipment

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2011 saw dramatic changes in Africa’s governance landscape. Unprecedented popular demonstrations in Tunisia, Egypt, and Libya led to the overturning of a century of autocratic rule in North Africa.These protests, demanding greater political freedom, economic opportunity, and an end to systemic corruption, have resonated deeply across Africa, sparking calls for change throughout the continent.

Already home to more of the world’s democratizing states than any other region, even modest reverberations from the Arab Spring on Africa’s democratic trajectory will have implications for global governance norms, stability, and development.

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The present number of unanticipated events and further deterioration of the global economic environment could have substantial spillovers to the Ghanaian economy;

Preliminary results from WAMI’s half year surveillance report indicates that the overall economic performance in the WAMZ remained strong with real GDP expected to expand by 8.0 per cent in 2011, compared to 7.7 per cent in 2010.

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Other Stories

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The National Petroleum Authority (NPA) has announced a review of the petroleum price build-up (i.e. the formula used to determine the pricing ofpetroleum products). In this review the NPA informs the public that it has decided to increase the Bulk Oil Storage and Transportation (BOST) margin by 50 percent and the Marketers margin by 15 percent. At the same time the NPA also decided to reduce the ex-refinery price of petroleum products by 2 percent, with the net effect being a no change in prices at the pump. The Danquah Institute is calling on the NPA to come out and explain to Ghanaians what exactly is going on.
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Africa has seen an extraordinary rebound in economic growth over the past decade. Some of the world’s fastest growing economies are in Africa, and they have expanded even during the ongoing uncertainty in the global economy. This has brought a much-needed reduction in poverty in the region and a renewed sense of optimism about its future. There is no doubt that economic growth is critical for human development, and it is imperative that growth be sustained. Click here for full report
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Report on the Presidential Election Petition in Ghana
The international community, generally, endorsed Ghana’s 2012 elections as “free and fair.” Ghana, the continent’s star of democracy, had done it once again for Africa. John Mahama, the declared winner, was duly sworn in without any violent protests on January 7, 2013. But, the country’s biggest opposition party filed a petition in Ghana’s supreme court, (the first of its kind in the country’s history), challenging the presidential results. Click here for full report
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