Planning For Oil Boom in Ghana – Any Lessons From Other people?

Do not forget about this simple but sagacious Ghanaian proverb which admonishes us: “If Sunday will likely be a magnificent day, it is actually Saturday that will ignite the taper.”

Ghana is Probably the most blessed lands in Africa. Ghana may be very, extremely full of mineral means. Ghana is endowed with gold, diamond, bauxite, manganese and so on. Ghana has cocoa, timber, arable lands, and rivers, rain forests, nourished with alternating rains and illuminated by tropical Solar glow all yr round.

Nevertheless, Ghana has become politically mismanaged for years by corrupt politicians and selfish army adventurers who could make a ship-load of cocoa for being at significant about the Atlantic Ocean. This describes why Ghana needed to be christened a Heavily Indebted Very poor State ( HIPC) in the economic history on the state.

In June 2007, almost a few months just after Ghana had celebrated her Golden Jubilee Anniversary, on sixth March that year, an American oil exploration firm called Kosmos Energy in collaboration with Ghana National Petroleum Corporation (GNPC) went for the Castle Osu in Accra to see the President from the Republic of Ghana, H.E. Mr John Agyekum Kufuor. In an average Ghanaian conventional style, President Kufuor and his elders sat all the way down to listen to the scientific and technological people.

The leader of Kosmos Vitality, Mr. James C. Musselman, who is usually the Chairman and Chief Executive Officer of that oil exploration enterprise, explained to the presidential linguist to delta 8 thc oil inform the President that they experienced brought good news to him. Then the President responded: “In Ghanaian culture, information can not be mentioned being very good or bad right until it can be informed. So, therefore, I, the initial public servant with the land and my presidential elders are all ears to listen to the news you brought this dawn when we are however to put a drop of h2o on our tongues.”

It had been then that Mr. Musselman instructed the presidential linguist to tell H.E. that he and his partners had arrive at announce to the President that Kosmos Power had discovered oil in business amount offshore the Republic of Ghana over the West Cape A few Factors Block within the western region of the region. To start with the President appeared not to possess heard the message properly. So, he altered himself in his royal/presidential armchair, cleared his throat and commanded the presidential linguist to purchase the Kosmos engineer to repeat his information. Then Mr Musselman, a bit apprehensive, as though he experienced committed some blunder, and with nervous voice stated: “Pleeease, eerr -Okyeame, I say kindly notify His Excellency the President that our mission listed here this early morning is usually to announce to him that our firm has found out about 600million barrels of light oil offshore his beloved country – Ghana.

1 would’ve envisioned the President to leap to his feet simultaneously and begin jubilating. As a substitute President Kufuor further probed: “Okyeame, inquire the Kosmos engineer exactly what is the proof that Ghana has learned oil as he claims.” Then Mr Musselman, put his hand inside of a goat pores and skin leather-based bag and brought out a bottle of some dim-brownish liquid. Many of the liquid was poured into a plate. To your layman similar to this creator, the claimed liquid appeared greatly like pure honey. “Just take this,” suggests Mr Musselman, “current it to H.E. that this is the proof that Ghana has oil flowing underneath the sea inside the Western Area.”

It was only following President Kufuor, has held the sample from the oil in his possess hand and dipped his individual forefinger in the honey-like liquid and smelled it right before he nodded his head approvingly that Ghana has essentially found oil in industrial quantity. Then President Kufuor repeated what he reported in his broadcast towards the country about the eve of Ghana’s Golden Jubilee Anniversary: “IT IS GREAT The perfect time to BE GHANAIAN.”

President Kufuor then expressed his individual gratitude Which in the individuals of Ghana to Kosmos and its partners for a wonderful occupation carried out. He immediately cautioned that honesty, transparency as well as the spirit of gain-win basic principle have to tutorial the functions of oil businesses Discovering the “black gold” in Ghana. The President was Talking from expertise concerning the living situations of people and communities the place Ghana’s pink gold which has been mined from time immemorial as well as the environmental degradation becoming bequeathed to generations however unborn.

On Tuesday, June 10, 2008, your complete entrance web page of your Day-to-day Graphic was devoted solely to oil discovery business enterprise in Ghana. In fact, the banner headline for that day browse: Examination of properly yields beneficial benefits. OIL – a hundred and twenty,000 BARRELS IN Per day – Creation expected to rise in 2012. This headline was illustrated having a lead photograph through which President J.A.Kufuor was found congratulating Mr James Musselman, the Main Govt Officer of Kosmos Electricity, after the latter had briefed the President on the most up-to-date improvement in the nation’s oil locate. In precisely the same photo had been noticed Mr George Owusu, mentioned to become Ghana’s consultant of Kosmos, and also Mr Sekyere Abankwa, Board Chairman of GNPC.

The initial paragraph of this lead story, prepared by Nehemia Owusu Achiaw read through: “Professional creation of oil is scheduled to start inside the nation in the first quarter of 2010 by having an Preliminary output of a hundred and twenty,000 barrels on a daily basis.”

The next most significant story within the entrance site on the paper that working day, far too, had to do with oil exploration in Ghana. It was captioned: “…41 Firms apply for exploration” The opening paragraph read: “The Ghana Countrywide Petroleum Company (GNPC) states it has been inundated with applications from international providers expressing fascination to invest in oil exploration between January 2007 and June 2008.”

The goal of this piece is simply to remind the men and women of the region that whether we like it or not, Ghana is in transition from Oil Importing Country (OIC) to Oil Exporting Region (OEC). To put it differently, all being equal, there’ll be oil increase in Ghana, sooner than predicted, judging from what industry experts in the market are stating. The natural way, this calls for jubilation. But it can be crucial for us like a country to tread cautiously so the oil locate in Ghana will likely be a blessing and not a curse.

For now this writer will only love to cite two oil producing nations around the world in Africa particularly, Nigeria and Libya and notify Ghanaians to take Observe of how These international locations are managing their oil increase for the benefit of their people today. It seems anything is not remaining completed thoroughly in the management in the oil marketplace in Nigeria. Consequently the delta oil prosperous region is being degraded environmentally. Media reports suggest the poverty level of people residing in that oil rich location in Nigeria is nothing to put in writing home about. Why? No further more reviews for now.

Then again, It appears Libya is undertaking one thing worthy of emulating by Ghana. This author has acquired that there is no one school-heading-little one in Libya who’s not at school. That not one Grownup citizen of that region has no apartment for himself or herself. In fact, Libya is a rustic Found in the middle of a desert in northern A part of Africa. But Libya has become equipped to make a man-made river of 1000s of kilometers extended and it is in the process of reworking the desert right into a virgin rain forest zone by way of irrigation schemes. How are Ghanaians preparing for oil boom in Ghana? Are they Studying any classes from Other people?

Mawutodzi K. Abissath is often a Ghanaian journalist, writer, poet and blogger. He’s Pro Creator, author of Kofi Annan The good – poetry, Buddies of Tomorrow-Poems for Youthful Little ones and Co-author of Classic Knowledge in African Proverbs.

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