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Wednesday, June 20, 2007

Oil In Ghana

Ghanaians seem to be reacting positively to the news of the discovery of oil off the coast of Ghana. I myself am a bit apprehensive about the side issues this might cause. Do we really want a scenario where locals start holding oil workers hostage? Do we want a situation where foreigners make all money there is to make from the oil industry while the locals starve?

None of the above scenarios scare me more than a few Ghanaians making shitloads of money off the oil and having political aspirations. The last thing we want is rich politicians who'll have no other aim than to stay rich and get richer.

Maybe it's just me being afraid of change as usual but admittedly, Ghana's economy has been doing well so far without the oil. Prez. Kuffuor has described the discovery as "a shot in the arm", I suppose, akin to adrenaline. Well we've been driving well so far so this shot in the arm might not be needed. I could make us acutely aware of everything on the road and get us to our destination faster... or send us crashing into the barriers at the next corner cos we're moving too fast.

In other news, Prez. Bush has put a proposal before the US Congress to create an Arbitration Committee to help in resolving family disputes in Ghana

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