News / Africa

    Warning Signs Gather Over Ghana's Oil Fields

    Civil society advocates are calling for more transparency in oil revenue
    Civil society advocates are calling for more transparency in oil revenue

    While Ghana has just started making money from  its offshore oil, civil society advocates and economists are warning not enough is being done to make sure oil wealth is a benefit and not a curse to Ghanaians.  At a Washington event late Thursday, they said Ghana's government needs to have more planning and transparency to avoid a repeat of the massive corruption and violence that has plagued other oil-rich African countries.

    The World Bank country director for Ghana, Ishac Diwan, said the stakes were high for Ghana's new oil reality, as more and more offshore fields are discovered in West Africa's Gulf of Guinea.

    "Can Ghana do it is a big question. It would be a premiere actually and it would show the way to the Sierra Leones, the Liberias and Guineas, new democratic Guineas. So it is an extremely important experiment if I may say," Diwan said.

    A report gave a grade of C to all involved in Ghana's oil quest
    A report gave a grade of C to all involved in Ghana's oil quest

    At an event organized by the non-governmental organization Oxfam America, Ghanaian civil society groups presented a report called "Ghana's Oil Boom: A Readiness Report Card."

    It gave a mark of Cs, or fair, to all involved in the process, including donors like the World Bank, and civil society groups themselves.

    Mohammed Amin Adam said civil society was trying hard but so far failing to get new laws signed and put into effect to force full contract disclosures between the government and oil companies as well as make the government show how it spends its oil revenue.

    Adam said this transparency is necessary given the huge expectations Ghanaians have. "If you are transparent of how much you are receiving, how much you are spending, where you are spending it, those expectations will be moderated by themselves.  And so the key here is transparency," Adam said. "And this is why I will even build more expectations back in Ghana to put pressure on our government to invest this money well and transparently so that everybody knows where the money is going to and they can tell realistically what oil can offer and what oil cannot offer."

    He also expressed disappointment Ghanaian delegations had been sent to far away Trinidad and Tobago and Norway to learn from their oil experiences, rather than going to nearby Nigeria, to find out more about the difficult lessons learned there.

    Another civil society representative, Nana Ama Yirrah, said Ghanaian villagers in western coastal areas nearest to the oil fields were already complaining about higher prices, pollution, fishing restrictions, and a lack of opportunities in the oil sector.

    "The skills required for the oil industry is nowhere found within the communities, the kind of businesses that people are managing today in Ghana, the standards within those businesses are not the type that can fit into the oil industry.  So it has become a very dicey issue that production has started and yet people are not seeing what they thought they would see," Yirrah said.

    Production started in December, and should reach output of 120,000 barrels per day within the next few months.  Estimates are that Ghana could earn more than $1 billion a year from its existing Jubilee offshore oil field, and that further discoveries could boost these numbers.

    Peter Allum, the chief of the Africa department at the International Monetary Fund, said it was essential Ghana's government started making longer budget planning to figure out what to do with this money, and extend the current year to year approach.

    "The budget ought to have a medium term vision so there is a clear relationship in the budgetary process between the medium term revenue stream or wealth associated with oil and what is envisaged to be done with that in the way of financing projects over a multi-year timetable," Allum said.

    Ghana's ambassador to the United States Daniel Ohene Agyekum said it was important to focus on the positives, and the vibrant debate that is taking place to make sure Ghana's oil is a benefit.

    "There is no need to apportion blame to any particular group. We all recognize the good work that as a collective we have done to move the oil industry much ahead of time.  And I am proud to say this as a Ghanaian," Agyekum said.

    The ambassador also agreed with other panelists that while a lot of focus is being put on oil, this should not mean Ghana's important agricultural sector should be diminished.

    You May Like

    Mother of IS Supporter: Son Was Peaceful, 'Role Model'

    Somali-American Abdirizak Mohamed Warsame pleaded guilty Thursday to charges of conspiring to provide material support to Islamic State militants

    Factions Shift as Civilians Die in Syrian War

    Scenario likely only to further confuse military situation on ground and potentially worsen humanitarian crisis that already has grown to epic proportions

    Presidential Hopefuls Woo Minorities, Evangelicals

    Four GOP candidates to speak at forum at Bob Jones University in Greenville, South Carolina

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    By the Numbers

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Two-thirds of World Faces Water Shortagei
    X
    February 12, 2016 7:31 PM
    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Russia's Catholics, Orthodox Hopeful on Historic Pope-Patriarch Meeting

    Russia's Catholic minority has welcomed an historic first meeting Friday in Cuba between the Pope and the Patriarch of Russia's dominant Orthodox Church. The Orthodox Church split with Rome in 1054 and analysts say politics, both church and state, have been driving the relationship in the centuries since. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.