GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Top Stories

Chiefs Insistent On Getting 10% Oil Revenue

September 20, 2016
in Top Stories
Share on FacebookShare on Twitter

Chiefs in the Western Region say they are disappointed that the various political parties have ignored their call for government to dedicate a certain percentage of oil revenues for the development of the Region.

You Might Also Like

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

The Diverse Currencies of Africa: Impact on Economic Growth

Acting President of the Western Region House of Chiefs, Nana Kwasi Agyemang IX who spoke with Joy News on the side of a policy debate on oil and gas organised by the Natural Resources Governance Institute said the chiefs will not relent on their demand for the special quota of oil and gas revenues.

President Mahama during the 2008 election campaigns promised that if the NDC won the elections, government would allocate 10 percent of oil revenues to the Western Region.

But when the chiefs made the demands after the elections, government explained that the administration would invest a lot more in the Region than the percentage that the chiefs were asking for.

Many have thought that that discussion has been laid to rest, until Nana Agyemang IX who is also the Omanhene of Lower Dixcove traditional area to raised the issue again.

He said the impact of the oil industry on the six coastal districts of the Region has been so bad that he expects all the parties to make conscious policy commitments towards allocating 10 percent of oil revenues to the development of the Region.

“People misunderstood us when we asked for this in 2009 but the 10 percent is not meant for the chiefs as royalties or anything. It is to develop the region,” Nana Agyemang IX said.

He further explained that if other regions discovered oil in the country, government could do same for the residents since that is the only way to mitigate the negative effects of the oil and gas industry on the residents of the host communities.

He said this is a more sustainable way of investing the oil revenues to solve the housing deficits and the ensuing high rents that residents of the Sekondi Takoradi metropolis are reeling under.

Besides accommodation and rent issues, Nana Agyemang IX believes the fund would also support the rehabilitation of roads and improve the state of public facilities like hospitals which come under undue pressure as more people move into the areas to work or seek opportunities in the oil and gas sector.

Sign up for Ghana Star News to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: acting PresidentBusiness_FinanceDixcovemahamaNana AgyemangNana Kwasi AgyemangNatural Resources Governance Instituteoiloil and gasoil and gas industryoil and gas revenuesoil and gas sectoroil industryoil revenuespoliticspresidentSekondi-TakoradiTainWestern Region House of Chiefs

Related News

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

by ghanastar
February 25, 2024
0

In a poignant ceremony held on Saturday, February 24, 2024, at the Forecourt of the State House, hundreds of mourners...

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

by ghanastar
June 17, 2023
0

In a heartfelt revelation of his life's journey, the Vice President of the Republic, His Excellency Dr. Mahamudu Bawumia, spoke...

The Diverse Currencies of Africa: Impact on Economic Growth

The Diverse Currencies of Africa: Impact on Economic Growth

by ghanastar
June 17, 2023
0

Africa, a continent rich in cultural diversity, is home to a vast array of currencies. With 54 recognized countries, each...

Suicide at Aburi Botanical Gardens: Man Found Dead

Suicide at Aburi Botanical Gardens: Man Found Dead

by ghanastar
January 14, 2023
0

A man, believed to be in his fifties, has died by suicide in the Aburi Botanical Gardens in the Eastern...

Next Post

If 'godMC' Was Trash, May Be My Career Would Be Over

Listen To LilWin and MzVee's Rendition of 'I Don't Think Far'

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com