CAS 💙

consciousness 💪🏾

[Alfred @CallmeAlfredo]

When Ghana’s economy collapsed in 2022 and the country defaulted on most of its international debt, the government went looking for money everywhere. One place it looked was at major companies it believed owed the state taxes. The GRA reopened the tax files of major firms, including MTN, Gold Fields, Kosmos Energy and Tullow.

Tullow, Ghana’s largest oil producer, received several large tax bills. One of them concerned insurance.

Between 2016 and 2019, problems at the Jubilee field, Ghana’s largest oil field, disrupted production. Tullow and its partners had business interruption insurance, which pays companies when they lose income because their operations are disrupted. The insurers paid Tullow for the oil revenue it had lost.

The GRA’s position was straightforward. If Tullow had produced and sold that oil, the resulting profit would have been taxed in Ghana. The insurance payout replaced that lost profit, so it should be taxed in the same way.

The GRA assessed $196.5 million in corporate income tax on the insurance payouts and then added a 100% penalty, bringing the total bill to about $393 million.

Tullow argued that the assessment breached its Petroleum Agreements with Ghana. These contracts set out how Tullow’s Jubilee and TEN operations are taxed and provide protections against changes to the agreed tax regime. In February 2023, Tullow took the dispute to international arbitration at the International Chamber of Commerce in London.

Yesterday, the tribunal ruled for Ghana on every substantive point. It found that the tax assessment did not breach Tullow’s contractual protections and upheld the full $393 million assessment, including the penalty.

Y’agye sika!

[CAS 💙 @popcassim]

@Cassielforson This project is holding back the growth of the creative economy and youth empowerment in wr

[CAS 💙 @popcassim]

@Cassielforson Prioritise the completion of this project: Western Regional Theatre Complex 🙏🏾

[CAS 💙 @popcassim]

@Cassielforson Give the full contract to the @GhanaMilitary

[Ghana Armed Forces @GhArmedForces]

Delivering on mission ahead of schedule.
Engineering excellence.
One Step Ahead.

[CAS 💙 @popcassim]

@KAgbodza You are the Minister, hand them the contract with a promise to name it after them if they deliver to our expectation

[CAS 💙 @popcassim]

@BBSimons 😁😁😁😁

[CAS 💙 @popcassim]

@Abberh3668 Forgot one important player though: Marc Benal 😁

[Scribe Productions @ScribeProd]

Tamale. Get ready! #Scribe

[CAS 💙 @popcassim]

@staroilghana France 🇫🇷 vs England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 finals
France 🇫🇷 to win 🏆
France 🇫🇷 2:0 England 🏴󠁧󠁢󠁥󠁮󠁧󠁿

[miss forson @lydiaforson]

Please share.

[Kojo Akoto Boateng @KojoAB]

This is the contact number of the Ghana Armed Forces OPERATION BOAFO in Accra today.

0244312667

If you need help, I suggest you describe your situation, send a photo or video and your pin so that they can deploy to help you.

[CAS 💙 @popcassim]

ELLEMBELE IN FASHION '26 #CNC-WR
#blackstarexperience
#westernfashion
#TikTok https://t.co/Z2eSWtwGmx

[Sam Okudzeto Ablakwa @S_OkudzetoAblak]

I congratulate the University of Ghana’s School of Performing Arts for that masterful reenactment of the transatlantic enslavement at the Osu Castle during the Next Steps Juneteenth commemoration.

Their brilliant performance is receiving wide international acclaim with invitations already pouring in from multiple countries including Barbados, Jamaica and the US.

Really proud of Ghana’s outstanding diverse talents.

May I wish all our hardworking and caring men a Happy Father’s Day.

[Kofi Kinaata @KinaataGh]

We are heating and charging the Black stars with this song .. say heat 🔥🔥🔥. OUT NOW!!! https://t.co/2QNxS8XKIs

[Farmer John,MP @johndumelo]

I want to personally sponsor 20 young farmers who want to do dry season Tomato farming this year.
1. Your land should be cleared and ready by September.
2. Your minimum land size should be 2 acres and maximum 20 acres.
3. The support will be input based. Tractor services, fertilizer, seeds, agricultural extension services, weeds and pests control, irrigation systems and ready market for the tomatoes.

This is a personal pilot project and hopefully we can collectively cultivate over 400 acres of tomatoes this year during the dry season. Together let’s make this work. #idey4u

[National Commission on Culture Ghana @officialnccgh]

@officialnccgh

[David Hundeyin @DavidHundeyin]

"After impressively tabling and securing UN Resolutions condemning Holocaust denial and designating January 27 as International Holocaust Remembrance Day, Israel must show a good example, like Benin, by officially apologising for the actions of thousands of Jews who collaborated with the Nazis."

If you know it's your mother that gave birth to you @Manasseh_Azure, I dare you and your entire lineage to post that👆🏿👆🏿 (historically accurate) message about Israel and Jewish people. Let's see whether your slavemaster will not yank your chain and force you to personally apologise to Benjamin Netanyahu, Anne Frank's estate and Gal Gadot before the close of business today.

Weak, yeye African man whose balls are for decoration.

[BBC News Africa @BBCAfrica]

The UN General Assembly has voted to recognise slave trade as "the gravest crime against humanity".

The proposal by Ghana was adopted with 123 votes in favour and three against - the United States, Israel and Argentina.
https://t.co/V3FSC2OwfL