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Ghana: Anxious to avoid pitfalls of a
sudden influx of wealth
By Matthew Green , Financial Times
Published: January 28 2008 06:10 | Last
updated: January 28 2008 06:10
Ghana’s dream of joining the ranks of Africa’s oil exporters
came a step closer to reality when Tullow Oil discovered
perhaps 1bn barrels of crude last year. But the coups,
conflict and corruption plaguing the continent’s other
producers are a reminder of the risks that a sudden influx
of riches can bring.
Regarded as among the more stable and democratic countries
in West Africa, Ghana says it will learn from the mistakes
of its peers to harness oil for the benefit of all.
“There’s no reason that oil should be a curse,” says one
government official. “We want to make sure we follow the
example of countries like Canada or Norway who’ve used oil
to their benefit.”....
.....More
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Stop
hoarding new Ghana coins – BoG
Accra, Jan 28, Ghanadot/GNA – Dr Paul Acquah, Governor of
Bank of Ghana on Monday said the seemingly shortage of coins in
the system for daily transaction was due to hoarding by the
public.......More |
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CPP is more attractive to
voters now - Nduom
Agona Swedru, Jan. 28, Ghanadot/GNA - Dr
Paa Kwesi Nduom, presidential candidate of the
Convention People Party (CPP), has stated that
the party had been revitalized to make it more
attractive and viable to its supporters and
floating voters.......More
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Ghana: Anxious to avoid
pitfalls of a sudden influx of wealth
Jan 28, Financial Times - Ghana’s dream of joining
the ranks of Africa’s oil exporters came a step closer to
reality when Tullow Oil discovered perhaps 1bn barrels of
crude last year.
. ....More |
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Africa Union can Save Kenya
Commentary, Ghanadot - Kenya is on fire. What
was thought to be ‘pockets of violence’ as our government
spokesperson once put it seems to have mutated into a wild
fire.....More |
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