Oil Must Benefit Ordinary Ghanaians

Ghana's discovery of major oilfields is set to transform the country. But there has been little public debate on the fundamental effects that this will have, or even on upcoming short term government decisions that will have a major impact. So I contribute a few thoughts to encourage debate with my Ghanaian friends.

So far, there has been more interest in the international media than in the Ghanaian media over the question of whether the Ghanaian government will allow Kosmos Energy to sell its stake in Ghana's bonanza Jubilee oilfield to Exxon Mobil for over 4 billion dollars, as Kosmos and Exxon Mobil have already agreed.

But Ghanaians should be very keenly aware of what is happening. The issue raises complex questions which go to the heart of the future of Ghana, a future that will be radically influenced for good or for ill by Ghana's new position as an emergent oil rich state.

It may help to isolate and consider the following issue