NGO alerts Kan-Dapaah on oil revenue as Ghana loses US¢3bn in tax under hybrid system at Jubilee Field
The Centre for Natural Resources and Environmental Management (CNREM) has called on the Minister-designate for National Security, Mr Albert Kan-Dapaah, to, as a matter of national interest and urgency, investigate Ghana’s Petroleum Exploration and Production Law Act 919 that produced the Hybrid system of sharing petroleum revenue, which is inimical to the country’s long term interests.
In a letter to the minister-designatelate last year andcopied to the Chairman, Council Of State, Dr. Charles Mensa, Executive Director of Institute of Economic Affairs, Chief of Defence Staff, Inspector General of Police, CNREM, pointed out that, the Hybrid System which Ghana has operated with in the past nine years of oil production has been described by energy law professors from Harvard and Texas Universities, others from South Africa and Tanzania including Ghana’s own Professor Raymond A
NHIF vs private medical cover: What comes first?
Tuesday March 09 2021
By OTIATO GUGUYU
Summary
President Uhuru Kenyatta is making another attempt to give all Kenyans health cover by 2022 under the UHC but the question of bears the burden remains.
The plan involves requiring every home to pay Sh500 a month to be members of the NHIF while it offers to pay the Sh6,000 annual premiums for one million poor families.
This will allow the government to offer a basic package for outpatient and inpatient services covering maternity, dialysis, cancer, surgery among others.
Nearly two decades ago, President Mwai Kibaki rejected a Bill by then Health minister Charity Ngiu that proposed a Universal Health Coverage (UHC) that would have seen taxpayers foot an Sh11 billion medical bill yearly.
Katherine Tai, the USA s new trade representative (Image: PA)
A report published by the House of Commons Library in November makes the importance of trade links with the US crystal clear.
While the EU as a bloc remains the UK’s largest trading partner, its importance is dwindling year by year.
In 2019, it accounted for 43 percent of UK exports of goods and services and 52 percent of the UK’s imports.
In 1999, the EU’s accounted for 55 percent of the UK’s total trade.
The top 10 UK export markets in 2019 (Image: House of Commons Library)
The report adds: “Looking at individual countries, the US is the UK’s largest trading partner.
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BUSINESS NEWS
NAIROBI, KENYA: The import ban on second-hand clothes (mitumba) in March 2020 highlighted the need to protect the industry which employs 2 million people and supports the livelihoods of 24 million Kenyans.
On Thursday, the Mitumba Consortium Association of Kenya launched a report on the state of the second-hand clothes and footwear sector.
The report dubbed ‘The State of Second-Hand Clothes and Footwear Trade in Kenya’, published by the Institute of Economic Affairs seeks to examine the structure and extent of the used clothing industry in Kenya, and its contributions to the economy.
The report paints a picture of the sector s contribution to the economy, notes textile industry and second-hand clothes and footwear sectors can co-exist in Kenya.