Oil should benefit Ghanaians

Oil should benefit Ghanaians
Posted by Contributor on February 13, 2010 at 11:52 am in Top Story

Mr. Ato Ahwoi, Chairman of the Board of Directors of Ghana National Petroleum Corporation (GNPC), has urged Ghanaians and Ghanaian financial institutions to take the lead in financing the growth of the oil sector. According to him, huge investment opportunities exist for Ghanaians to take a commanding height in the exploitation of the country’s hydrocarbon resources.

Speaking to journalists at a press briefing in Accra this week, Mr. Ahoi said that those who seize the opportunity stand to make huge gains, and contribute to national economic growth as a whole.

The GNPC Board chair said it is in the government’s best interest that profits that accrue from the exploitation of oil remain in Ghana, and used to support economic and social programmes. More...



Queen of England on Ghana's Oil
Ghanaweb General News of Thursday, 18 February 2010, Source: Nana Sifa Twum, London



The Queen of England, Her Majesty Queen Elizabeth II has urged Ghana to benefit from the mistakes of other nations in the management of its oil revenue by putting in place enduring and transparent systems.

She said misunderstandings and riots that have characterised the social fabric of some nations as a result of injudicious and inequitable distribution of oil resources is of much concern to her.

Queen Elizabeth made these observations when she received Ghana’s High Commissioner to the United Kingdom of Great Britain and Northern Ireland, Professor Kwaku Danso-Boafo at the Buckingham Palace in London.

The High Commissioner was the guest of the Monarch when he presented to her his letters of credence.

Professor Kwaku Danso-Boafo arrived in London in September 2009 to assume office as Ghana’s High Commissioner to the United Kingdom and Ireland.

For the second time in his life he was serving as an envoy to his country. Prof. Danso-Boafo from the academia took leave from his academic duties to serve as Ambassador of the Republic of Ghana to Cuba with concurrent accreditation to Jamaica, Trinidad and, Nicaragua and Panama. More...