 | Gold price per GRAM - 24 K - $ 30.20 (21.01.2009) = 1000 GRAM - $ 30.200 = Estimated WEIGHT of KUFUOR = 110 kg.. = $ 30.200 / per Kg = $ 3.322.000  | Bush vs Kufuor: Compare Retirement Package | $191,000 | United States (Per Capita Income: $46,000): President Bush - US$191,000 for his pension;
- Life time secret service protection for president & spouse
- Official travel expenses with 2 members of staff
- 0 cars
- 0 houses
- No end-of-service gratuity
- Private funds for presidential library (tax exempt)
- Presidential widows receive a lifetime pension of $20,000 per year.
- Free medical and dental care for him and spouse
Source: http://www.senate.gov/reference/resources/pdf/98-249.pdf | | | Welcome to Banana Republic Ghana! | | | TOTAL INITIAL COST TO STATE (YEAR ONE) | $3,796,750 | | Annual Expenses on ex-President / cost to State | $1,146,750 | *** IF you wish to COMMENT... feel FREE! *** | | 1. 2 Fully furnished residences that befit a former president at place of his choice |
| -One in Accra and another out of the national capital. |
|
|
|
|
|
|
| Qty | Cost ea | Total | Est. Cost (compare typical house in E. Legon /Transsaco Valley) | 2 | $700,000 | $1,400,000 | House Furnishings |
|
| 2 | $25,000 | $50,000 |
|
|
|
|
|
| 2. Six fully maintained comprehensively insured, fuelled and chauffeured-driven cars | to be replaced every four years. The fleet comprise of three salon cars, |
|
| two cross country cars and one all-purpose vehicle. |
| Qty | Cost ea | Total | a. Saloon cars (3) |
| 3 | $45,000 | $135,000 | b. Cross-country 4x4 (2) |
| 2 | $75,000 | $150,000 | c. All purpose vehicle (1 |
| 1 | $50,000 | $50,000 | d. Chauffeur - est. annual salary & benefits |
| 6 | $20,000 | $120,000 | e. Est. Maintenance costs per year |
| 6 | $5,000 | $30,000 | f. Fuel, est.$3.50/gal, 10k.mi/yr, 15mpg |
| $3.50 | 6 | $14,000 | $84,000 | g. Comp. Insurance |
|
| 6 | $12,000 | $72,000 | h. Depreciation of vehicle over 48 mos.(use mean value) | 0.250 | 6 | $13,958 | $83,750 |
|
|
|
|
|
|
|
|
| Qty | Cost ea | Total | 3. Police Escort during travel, salary |
|
| 10 | $4,000 | $40,000 | Misc.expenses of police escort (Board & lodging, fuel use) |
| 10 | $6,000 | $60,000 |
|
|
|
|
|
| 4. TRAVEL -President and spouse are entitled to one overseas travel once a year with | a maximum duration of 45 days, but if he had served two consecutive terms, |
| he would be entitled to 65 days. Accompanied by three professionals |
|
| and personal assistants and adequate security. |
|
|
|
|
|
| Days | Qty | Cost ea | Total | a. Travel 1st Class ticket Accra to Europe or America >> | 1 | 2 | $5,000 | $10,000 | b. Daily high end hotel (est.$600), meals& exp(est.200) | 65 | 1 | $800 | $52,000 | c. 3 Professionals +3 Pers. Asst.-Assume Coach travel | 1 | 6 | $2,500 | $15,000 | d. Daily hotel, meals & misc. expenses for Prof.& Assts | 65 | 6 | $500 | $195,000 |
|
|
|
|
|
| 5. Security - 24 hours security services | 5 | $6,000 | $30,000 |
|
|
|
|
|
| 6. Entertainment Package for Presidents pleasure | 1 | $20,000 | $20,000 |
|
|
|
|
|
| a. Non-taxable ex-gratia award equivalent to 12 months consolidated salary for |
| each full year of service but where the president serves a second consecutive term, | an additional non-taxable resettlement grant of six months consolidated salary for |
| each full year of service or pro rata would be paid together with non-taxable |
| Ex-gratia of 12 months consolidated salary for each year in office. |
|
|
| (Assume est. official salary of President =$60,000/year) | Qty | yrs | Cost ea | Total | Ex-gratia award-2-term (1yr + 6 mos) ------------- | 1.5 | 8 | $60,000 | $720,000 | Additional ex-gratia (1year for each year of service) | 1 | 8 | $60,000 | $480,000 |
|
|
|
|
|
| TOTAL INITIAL COST TO STATE (YEAR ONE) |
|
|
|
| $3,796,750 |
|
|
|
|
| | Total One-time Severance ex-gratia award (1,7) | $2,650,000 |
|
|
|
|
| | Annual Expenses on ex-President /cost to State | $1,146,750 |
Source:
Dr. Kwaku A. Danso, Ref: Per report by Isaac Essel, Joyonline Jan.19, 2009 |
___________________________________________________________________ |