The flagbearer of the Convention Peoples\u2019 Party (CPP), Ivor Kobina Greenstreet, says it is about time Ghanaians took control of their resources.<\/p>\n
He made the passionate call at Jasikan in the Buem Constituency of the Volta Region, during his Apam Fofor\u2184 tour in the region.<\/p>\n
[contextly_sidebar id=”yqVvOgTTIEBb4sIICK4JCTQ9k6yUfBTX”]He reiterated how God has blessed Ghana with abundant resources yet the majority of the people are not feeling the positive effect of it.<\/p>\n
\u201cWe have gold, oil, gas, timber, cocoa, diamonds, bauxites, fertile lands, access to water resources, we are not supposed to be poor,\u201d he\u00a0stated.<\/p>\n
The flagbearer was not pleased with a decision by Parliament \u2013mainly made up of NPP and NDC \u00a0MPs\u00a0to reduce the royalties and tax paid by Goldfields to the Government of Ghana.<\/p>\n
Between 2010 and 2015, Ghana earned $3 billion dollars out of royalties and taxes. He however \u00a0believes that but for a poor tax and royalty regime, Ghana could have gotten more from its natural resources.<\/p>\n
He said the CPP prefers the production sharing system. He explained that the system is similar to a farmer who has land and shares the proceeds of the crop grown with whoever grew it.<\/p>\n
He suggested that if this production sharing system was applied to oil, instead of only earning $3 billion dollars, Ghana would have rather earned $9 billion dollars.<\/p>\n
This money could be used for developmental projects such as education, health, roads, farming inputs as well as subsidies for the Ghanaian businesses.<\/p>\n
He went on to say that there was too much suffering and hardship in the system. Mr. Ivor Greenstreet said the production sharing system is employed by Nigeria, Cote d\u2019Ivoire and many other progressive African countries.<\/p>\n
Flanked by the National First Vice Chairperson and the Volta Regional Chairman, the flagbearer outdoored Nelson Asafo as the CPP Parliamentary nominee for the Buem Constituency.<\/p>\n
–<\/p>\n
By: citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The flagbearer of the Convention Peoples\u2019 Party (CPP), Ivor Kobina Greenstreet, says it is about time Ghanaians took control of their resources. He made the passionate call at Jasikan in the Buem Constituency of the Volta Region, during his Apam Fofor\u2184 tour in the region. [contextly_sidebar id=”yqVvOgTTIEBb4sIICK4JCTQ9k6yUfBTX”]He reiterated how God has blessed Ghana with abundant […]<\/p>\n","protected":false},"author":14,"featured_media":185889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,11],"tags":[3122,3,10420],"yoast_head":"\n