Ghana earns $1 billion in petroleum revenue

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good man 9 years ago

"Ghana earns $1 billion in petroleum revenue" while K4 and his gang "had accumulated $ 250 billion dollars from the sale of Ghana’s petroleum resources between 2011 and 2013."

"Ghana earns $1 billion in petroleum revenue" while K4 and his gang "had accumulated $ 250 billion dollars from the sale of Ghana’s petroleum resources between 2011 and 2013."
Close Observer 9 years ago

Pause and reflect on what influence your decision on who you vote for. If your decision is influenced by the APPEARANCE of a candidate and not his/her COMPETENCE, you are a FOOLISH VOTER. If you are someone who is fond of exc ...
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Pause and reflect on what influence your decision on who you vote for. If your decision is influenced by the APPEARANCE of a candidate and not his/her COMPETENCE, you are a FOOLISH VOTER. If you are someone who is fond of exchanging your VOTE for a GIFT, you are a FOOLISH VOTER. If you don't care about who you vote for, all that matters is that he belongs to the party you like, you are also a FOOLISH VOTER. Finally, if your vote is influence by TRIBAL AFFILIATION, you are a VERY FOOLISH VOTER. Remember, your action affects all of us. THINK BEFORE YOU VOTE
HAZOR 9 years ago

Government is deceiving Ghanaians on oil sales revenue.If partners earns $250 billion as 90% stack and Ghana which own 10% stack in the oil should earn about between $25 billion to $27.5 billion and not $1 billion.If Ghana ha ...
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Government is deceiving Ghanaians on oil sales revenue.If partners earns $250 billion as 90% stack and Ghana which own 10% stack in the oil should earn about between $25 billion to $27.5 billion and not $1 billion.If Ghana has 1% stack in the oil sales and partners made $250 billion Ghana should make $2.5 billion t0 $2.7 billion.We are calling parliament to investigate the sales of the oil and where the $24.billion unaccounted for disappeared to.
A.M.A 9 years ago

WE are living in a country where our leaders and the journalist confused the public with false figures i mean where they intentionally gives gives us Millions as Billions.Whom are these our damned leaders trying to fool ?How ...
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WE are living in a country where our leaders and the journalist confused the public with false figures i mean where they intentionally gives gives us Millions as Billions.Whom are these our damned leaders trying to fool ?How can can a company earns 250 billion which is 90% of agreement and the nation gots only 1 Billion for the remaining 10%.10% of 250 Billion is 25 Billion but not I billion.
Otsibu Darko 9 years ago

Why hasn't the govt. or the journalists come out to refute the said report/allegation? The company itself is very silent on this issue, why? The report therefore may be true!

Why hasn't the govt. or the journalists come out to refute the said report/allegation? The company itself is very silent on this issue, why? The report therefore may be true!
The mask 9 years ago

Political parties in power tend to reward communities they like. This is usually based on ethnicity or votes garnered.

Some communities have had this problem since independence. This has led to a certain phenomenon in the ...
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Political parties in power tend to reward communities they like. This is usually based on ethnicity or votes garnered.

Some communities have had this problem since independence. This has led to a certain phenomenon in the country.
Saint Ghfuo: Nyantakyi Must Die! 9 years ago

GH. Sovereign Wealth Fund
Corruption Endemic in Africa: Corruption was set up by the colonial overlords who used their western style education to train Africans to be bureaucrats in the civil service. This propagating burea ...
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GH. Sovereign Wealth Fund
Corruption Endemic in Africa: Corruption was set up by the colonial overlords who used their western style education to train Africans to be bureaucrats in the civil service. This propagating bureaucracy and corrtion to favor the colonialists. This is why Boko Haram for example are livid with the corrupt, fiscal number changing, election ballot stuffing, nature of these western educated, govt bureaucrats in naija. Will Boko haram end up in Ghana? Why not?
If the government can attempt to find solutions to these 3 issues. Things will be better. Instead, they borrow the funds and steal. Jail or even death is a must!
Book: "Dead Aid" by Dambisa Moyo
Every economist, African leader, finance minister must read this book!
Book: "why nations fail": an abundance of natural resources is a national curse!
These nations with natural resource wealth on average have worse financial economies than nations who don't. Why you ask? Weak institutions, corruption, bad governors, managers!
Ghana Sovereign Wealth Fund by Martin Skankar.....Norwegian Ministry of Finance
What is "Dutch Disease"?
1. 30% of proceeds from oil, gold, diamonds, cocoa revenues etc should be deposited yearly in a Ghana Sovereign Wealth Fund account, a national 401k. This money will never be touched by any govt, period! This money will be invested all over the world in socially constructive projects. Projects to be excluded can include chemical nuclear projects, environmentally disastrous projects, product based exclusions like tobacco, walmart(human rights abuses) will all be excluded. The ROI from this fund will be used to supplement infrastructure projects, free education etc...
2. A National Gas/oil Tax: Tax Revenue on all consumer gas sales, tolls, solar, wind energy sales will be deposited yearly in a federally administered Highway Trust Fund to fund new and refurbishing roads and transportation initiatives. Add tax revenue from truck/4x4 sales for the list. List this fund on the gsx or in a mutual fund/bond. Flagstaff House will tap intl this Gas tax and match all funds ponied up by the respective regions/local govt
3. Govt officials must stop buying state contracts and selling them off as investments to the highest bidder. In the end, less quality materials are used in building infrastructure, and the nation's suffers.
4. Police Corruption: police officers often borrow monies to pay bribes/sign contracts to their bosses to get these jobs. So they must collect bribes from motorists etc to pay off their bosses every month until their debts are paid off. So guess how many police superiors are in on this corruption pyramid scheme?
Son of man 9 years ago

Where are the developments you are talking about? The revenue is distributed among thieves!! Plain and simple.

Where are the developments you are talking about? The revenue is distributed among thieves!! Plain and simple.
dante 9 years ago

Twenty Richest People In Ghana For 2013

1. Ibrahim Mahama -$1.9 billion /Businessman , Brother of the current President of Ghana. Only Ghanaian to own a private jet.

2. Alfred Mahama -$1.3 billion./ Businessman, brother ...
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Twenty Richest People In Ghana For 2013

1. Ibrahim Mahama -$1.9 billion /Businessman , Brother of the current President of Ghana. Only Ghanaian to own a private jet.

2. Alfred Mahama -$1.3 billion./ Businessman, brother of the current President of Ghana.
3. Roland Agambire – $1.1billion/ RLG (eBay type of business) (Business man )
4. Joseph Agyepong – $1.05billion/Businessman (Zoomlion waste management company and other businesses)….. title=”Company banned by World Bank in Liberia” target=”_blank”>
5. John Mahama – $900 million/President of the Republic of Ghana, Politician.
6. Alhaji Azuma Banda – $724 million./Businessman, owner of antrak air.
7. Ato Ahwoi – $684 million/ Politician, Businessman.
8. Dr. Sam Jonah – $430 Million/Businessman (Executive Director of Jonah Capital, Equity in Johannesberg, south Africa)
9. Haruna Iddrisu – $300million/Politician, Minister of Trade.
10. Alex Mould – $282 million/GMPC
11. Dr. Kwame Addo Kufuor – $250million./ Physician, Politician.
12. Tsatsu Tsikata – $245million/Lawyer, Businessman and Politician
13. Elvis Afriyie Ankrah -$112 million./ Minister of Youth and Sports, Politician.
14. Dr. Kwesi Nduom – $110 million./ Businessman and Politician.
15. Ken Agyapong – $104 million/Politician/Businessman
16. Prince Kofi Amoabeng – $98million/ CEO, UT Bank…… title=”He has an ongoing fraud case gaianst him” target=”_blank”>
17. Asiedu Nketiah – $89million/Politician, Secretary of the ruling NDC Party.
18. Alfred Woyome – $75million/Politically connected Businessman.
19. Tony Lithur – 30million/ Lawyer
20. Baba Kamara – $ 11million/ Politician (Commissioner to Nigeria)

Source: Forbes Ghana
BBC NEWS!!!!!!!!!!!!!!!!!!!! 9 years ago

WHERE IS THE MONEY. MAHAMA CHOP CHOP.

WHERE IS THE MONEY. MAHAMA CHOP CHOP.
Eben Richman Botchway 8 years ago

Thanks for the update. Openness and transparency is key in all these petroleum issues.

Thanks for the update. Openness and transparency is key in all these petroleum issues.

Ghana earns $1 billion in petroleum revenue

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