Sentences with phrase «use of oil revenues»

In a statement signed by the Deputy Executive Director of ACEP, Benjamin Boakye, he said «In spite of many implementation challenges, the PRMA has been a model for many countries and Ghana can only do better at improving on transparency and accountability around the use of the oil revenues.

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of politicians and bureaucrats.»

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into...

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of...

Speaking to Citi News on the sidelines of a sensitization programme on the use of oil revenue at the Tamale Technical University, Miss Abubakari advised government to limit their expenditure to a few targeted projects in order to ensure better monitoring and utilization of the oil funds.

He then took a swipe at the Ghana National Petroleum Corporation's (GNPC) sponsorship of the Black Stars describing such uses of the oil revenue as unwise.

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of politicians and bureaucrats,» he said.

Not exact matches

«Just knowing that oil and gas is a boom - and - bust industry, we are trying to not get used to it as a source of revenue because we know it won't last.»

Disruptions in Venezuela's oil industry can have outsize impact on the country, as oil brings in about 95 % of its export revenue, which has been used to purchase imports like food and medicine as domestic production dries up.

Now, here's your choice — you can either ship your oil to Cushing, and sell it there and use the revenues to buy oil on the east coast, or you can ship your oil all the way to the east coast, and sell it (assumed price of Brent + $ 1.50).

That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon's accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.

As we saw starting in 2014, when the international price of oil dropped, the much - lauded Alberta Advantage of using unreliable resource revenues to subsidize short - sighted tax cuts quickly became the Alberta Disadvantage.

Gaddafi also undermined the military by using oil revenues to hire an army of personal guards mostly from sub-Saharan Africa.

President Nana Addo Dankwa Akufo - Addo says the use of some of the country's oil revenues to fund the Free Senior High School policy, which is guaranteeing all Ghanaian school - going school access to senior high school education, is most appropriate.

General News of Saturday, 12 May 2018 Source: Starrfmonline.com President Akufo - Addo President Nana Addo Dankwa Akufo - Addo says the use of some of the country's oil revenues to fund...

This is according to the 2015 report by the Public Interest Accountability Committee (PIAC) which monitors the use of the country's oil revenue.

The President of the Republic, Nana Addo Dankwa Akufo - Addo, says his government is going to use oil revenues to create...

The President of the Republic, Nana Addo Dankwa Akufo - Addo, says his government is going to use oil revenues to create assets for the country, and not waste it on consumption.

Flagbearer of the People's National Convention (PNC), Dr. Edward Mahama, has described the use of Ghana's oil revenue by the Ghana National Petroleum Corporation (GNPC) on the senior national team, the Black Stars as unwise, saying he will use Ghana's oil revenue more judiciously should he be elected President.

A former Deputy Minister of Communications, Felix Kwakye - Ofosu, has questioned the basis of government's decision to use part of Ghana's oil revenue to finance the free senior high school policy started last year.

He wondered how the President could use oil proceeds to fund the programme without recourse to the law, saying «the disbursement of oil revenue is regulated by law; the Petroleum Revenue Management Act&revenue is regulated by law; the Petroleum Revenue Management Act&Revenue Management Act».

Mr. Kwakye - Ofosu who served under the John Mahama government said even if government decides to use all the revenue accruing from Ghana's oil, it will not be enough to fund even the first year of free SHS considering.

«We are using some of the income from our oil revenue to fund the programme.

President Nana Akufo - Addo last Friday said it is most appropriate to use a part of the country's oil revenue to fund the policy, which was rolled out last September to offer free education to persons who qualify into public senior high schools.

The Advert which uses the current campaigns for alternative source of revenue from oil in Nigeria brings a contrast between the copy - Oil is the Future - and the image of palm nuts which has produced another kind of ooil in Nigeria brings a contrast between the copy - Oil is the Future - and the image of palm nuts which has produced another kind of oOil is the Future - and the image of palm nuts which has produced another kind of oiloil.

Senior Minister, Yaw Osafo Maafo on Tuesday [14th February] told the media that government will get the necessary legislation to enable it use the Heritage Fund which is 9 percent of the revenue accrued to Ghana from its crude oil proceeds to finance the president's Free Senior High School policy.

Actress Lydia Forson has unusually jumped to the defence of President John Dramani Mahama, saying he should not be blamed for the use of GHC 3.6 million of Ghana's oil revenue, to re-brand 116 Metro Mas Transit buses.

The new wrinkle is the administration's heavy reliance on what is called mandatory spending, which would fund a specific program using revenue generated by the sale of a government asset, such as oil in the strategic petroleum reserve, or a particular tax or license fee.

The proposal includes significant «mandatory spending, which would fund a specific program using revenue generated by the sale of a government asset, such as oil in the strategic petroleum reserve, or a particular tax or license fee,» Mervis continued.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

Russia has been using buoyant oil revenues to pump lots of extra money into its space program.

As was discussed here last Friday, President Obama has proposed using a tiny portion of federal revenues from offshore oil and gas production to build an «Energy Security Trust» to pay for the kinds of tough or longer - term energy research projects that the private sector tends to neglect.

«It's not a tax on water, it's a tax on plastic,» says Alderman George Cardenas, who introduced the measure to help offset revenue declines from the city water system, reduce litter and decrease the amount of oil used to produce and transport bottled water.»

Or by using money Alaska would earn from its own offshore oil production, a source of revenue he's long argued for — and which the president disagrees with.

Second, oil revenues are incredibly small (about 15 B$ / year) compared to the country's GNP so using it to explain the sustainability or not of the economy is like saying the tail wags the dog.

Energy experts signaled support of Obama's comments on energy security, including a plan for an Energy Security Trust to use revenue from oil and gas production on public lands to fund new energy research.

The company should emphasize that Keystone XL will create thousands of jobs; generate billions of dollars in private, local, state and national revenue; use the best and safest pipeline technology; and bring oil from a friendly country to American refineries, motorists, farmers and manufacturers.

There is growing international awareness that more transparency in the management of oil and mining revenues is needed so that citizens of countries rich in such natural resources can have greater oversight over the revenues and ensure that this wealth is used wisely and fairly.

So tonight, I propose we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good.

A whole good idea would be to make a payroll - tax holiday the first step in an orderly transition to scrapping the payroll tax altogether and replacing the lost revenue with a package of levies on things that, unlike jobs, we want less rather than more of — things like pollution, carbon emissions, oil imports, inefficient use of energy and natural resources, and excessive consumption.

Shortly thereafter, Securing America's Future Energy (SAFE) proposed a scaled - down version that would use a smaller share of oil and gas revenues to support the development of low - carbon and natural gas - based transportation technologies.

Alberta's economy is much more diversified than it used to be however it is impossible to replace the revenue generation of the Canadian oil sands, the world's largest pool of untapped oil reserves.