Date: April 1, 2009, 8:25 pm


OIL 'HOT SPOT' GHANA MUST PROCEED WITH CAUTION ISODEC/ OXFAM AMERICA


The Integrated Social Development Centre (ISODEC) and Oxfam America wish to state that there is the need for Ghana to make significant changes to support transparent, accountable and efficient development of the oil industry and the government revenue it will generate on the verge of an oil boom that could bring billions into the country.

Ghana's recent discovery, the major offshore "Jubilee" oil field has generated enormous interest in the country's oil production potential. While this would seem to be good news for Ghana, historically, the exploitation of natural resources in Africa has far too often led to increased poverty and conflict, a phenomenon often referred to as "resource curse." Read More


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