Ex-Presidential Emoluments: Adding The Numbers Up

  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

  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