oil and gas wealth

How the NDC Plundered $6B In Ghana Oil Cash

by

“…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

Petroleum Exploration And Production Law (2016) Act 919

by

‘’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