The Ghana Institute of Governance and Security (GIGS) claims the country has not benefited enough from its oil find, 10 years on. Speaking to Johnnie Hughes on Late Edition on 3FM 92.7 to commemorate 10 years of oil production in Ghana, Mr Solomon Kwawukume, a Senior Research Officer of GIGS accused Parliament of having integrity … Read more
Six years of Oil Production in Ghana under the Ghana Hybrid System The cumulative total losses to Ghana as at the end of 2016 is US$7,097,665,662 for not adopting PSA The sixth year of oil production in Ghana ended last December, 2016 and with the publication of the 4th Quarter Petroleum Receipt and Distribution Report, … Read more
ACEP’s Dr. Adam insults Ghana as they triple-dip and gorge on free UK money (1) From the point of view of taxpayers, that video is an example of a pointless vetting exercise by a largely ill-prepared group of MPs most of whom considered themselves “small boys” in the matter. In the case of the Ghana … Read more
The Trump administration has issued a permit to energy company TransCanada to build the Keystone XL pipeline. The State Department said it had found the project, which was blocked by former US President Barack Obama, to be in the US national interest. The 1,180 mile (1,900km) pipeline will carry tar sands oil from Canada to … Read more
President Trump’s travel ban on the citizens of seven Muslim-majority countries has created confusion and concern across the Middle East and parts of Asia. The Organization of Islamic Cooperation, which represents dozens of Muslim countries, expressed “grave concern,” warning that it would “embolden the radical narratives of extremists.” The Arab League slammed it as unjustified. … Read more
Crude prices edged up in early Friday trade following reports that major producers have started cutting production as pledged, strengthening views the global oil glut was ebbing. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLH7, 0.07% traded at $53.09 a barrel, up $0.05 in the Globex electronic session. … Read more
“…What we are telling Tullow is that they need to hold on the signing of all pending contracts until the new administration takes over… We are reliably informed, and let Ghanaians be too, that the outgoing ambassador of Ghana to…Saudi Arabia…is busily packing furniture and other properties belonging to the State…to be shipped to his … Read more
“…To repeat, in nearly 6 years of oil production at the Jubilee Oil Fields under Mahama and his NDC party, Ghana received just $3.3 billion out of nearly $17 billion dollars in oil revenues…representing just 19.76% of total oil revenue…Mr. Mahama called their predatory and plundering scheme the “Ghana Hybrid System”, now…consolidated into a law … Read more
‘’Imagine what Africa will look like when it has fully tapped into its potential‘,’ he said citing opportunities in agriculture, manufacturing and intra-African trade. ‘’But Africa and its partners will miss the opportunity to transform the lives of future as well as present generations if they carry on with business as usual….Tax avoidance and opaque … Read more
Respectively, here is one operating principle worth considering! Don’t suffer anyone, including people who claim to have advanced degree, Ph. Ds, most of all. Include among them those who, in over 10 years of churning out one hyper-partisan essay after another, have never bothered to offer 10 data points even, to support any of their … Read more
“….the FTOS-Gh Campaign and all supporters of the movement, including signatories of the petition, among them Ms. Samia Nkrumah, hereby congratulate Mr. Ivor Greenstreet and the CPP for the bold, Ghana-centered position the CPP has taken with respect to Ghana’s oil contracts…NDC’s 2016 Petroleum…E&P law is at bottom the same NPP concessionary law with royalties … Read more
The presidential candidate of the Convention People’s Party (CPP) has threatened that governance under his watch will see the repeal of the Petroleum and Exploration Law. Addressing party supporters and sympathizers at the manifesto launch of the cockerel family at the Ghana Academy of Arts and Science in Accra on Saturday, Mr. Greestreet said his … Read more
The oil industry has caused widespread environmental damage in the Niger Delta Militants say they have blown an oil pipeline in south-east Nigeria. The Niger Delta Avengers said it attacked a pipeline belonging to the oil giant Chevron. The petrol firm refused to confirm whether an attack took place citing its long-standing policy of not … Read more
On Friday 19th August, 2016, the Ghana Institute of Governance and Security locked horns with the Africa Centre for Energy Policy represented by Dr. Adam Amin, Natural Resource Governance Institute represented by Mr. Samuel Bekoe and the Select Committee on Mines and Energy represented by Mr. Mutawakilu, Deputy Chairman, on the programme Ghana Connect on … Read more
Speaking at the University of Professional Studies (UPSA) in Accra a couple of weeks ago, President Mahama is reported to have said that his economic achievements for Ghana are “remarkable”. Yes, they are “remarkable”! They are certainly a “remarkable” economic loot! They are surely a “remarkable” economic loss championed by Mr. Mahama when Ghana lost … Read more