Ghana Signs Development Deal With International Oil Firms
By WILL CONNORS

Ghana, riding high from President Barack Obama's visit this month, quietly signed a long-awaited development plan for one of the biggest oil discoveries in West Africa in the past decade.

The agreement -- reached July 15 with a group of international oil companies after months of negotiations -- brings Ghana much closer to its stated goal of producing oil by the second half of 2010.

Celebrated for its democratic rule and stability on a continent more often associated with coups d'état and violence, Ghana is trying to figure out how to handle the oil discovery responsibly and avoid the problems that have beset other oil-rich African nations.....

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Remittance flows to Developing countries to decline by 7.3% this year

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