Can The Crude Oil Save Ghana?
THE NEWS of Ghana striking oil in commercial quantities has been received well. From the length and breadth of the country the euphoria is the same. The minority group in parliament has sounded a note of caution to the government. To them, this is not the first time such news has come out. Ghana’s economy will soon receive a significant boost with Monday’s announcement of the discovery of a large oil deposit in the country. The American firm, which has been prospecting for oil on the Western part of the country, has brought good tidings to the people in the country. The yield, we are told, is believed to be one of Africa’s biggest oil deposits in recent times. Many Ghanaians who have believed the country would be prosperous with discoveries of oil deposits have welcomed the announcement. FIGURES The news of the discovery did not give us an idea of the quantum of the deposit and the number of years it would take to lift the deposits from the sea. Energy Kosmos group should be exact and
