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Preparing For Oil Boom in Ghana - Any Lessons From Others?

Do now not forget this easy however sagacious Ghanaian proverb which admonishes us: "If Sunday can be a awesome day, it's far Saturday that will ignite the taper."

Ghana is one of the most blessed lands in Africa. Ghana is very, very rich in mineral resources. Ghana is endowed with gold, diamond, bauxite, manganese and many others. Ghana has cocoa, timber, arable lands, and rivers, rain forests, nourished with alternating rains and illuminated by using tropical sun shine all 12 months spherical.

However, delta 8 high point nc has been politically mismanaged for a long term by way of corrupt politicians and egocentric military adventurers who may want to make a deliver-load of cocoa to be at large at the Atlantic Ocean. This explains why Ghana had to be christened a Heavily Indebted Poor Country ( HIPC) in the financial records of the us of a.

In June 2007, just about three months after Ghana had celebrated her Golden Jubilee Anniversary, on 6th March that year, an American oil exploration business enterprise referred to as Kosmos Energy in collaboration with Ghana National Petroleum Corporation (GNPC) went to the Castle Osu in Accra to see the President of the Republic of Ghana, H.E. Mr John Agyekum Kufuor. In a typical Ghanaian traditional fashion, President Kufuor and his elders sat down to listen to the clinical and technological visitors.

The leader of Kosmos Energy, Mr. James C. Musselman, who is additionally the Chairman and Chief Executive Officer of that oil exploration enterprise, informed the presidential linguist to inform the President that they'd added appropriate news to him. Then the President answered: "In Ghanaian lifestyle, information can not be stated to be accurate or horrific until it's far instructed. So, consequently, I, the first public servant of the land and my presidential elders are all ears to listen the information you brought this dawn when we're but to place a drop of water on our tongues."

It became then that Mr. Musselman informed the presidential linguist to inform H.E. That he and his companions had come to announce to the President that Kosmos Energy had found oil in business quantity offshore the Republic of Ghana on the West Cape Three Points Block inside the western place of the united states of america. At first the President regarded not to have heard the message nicely. So, he adjusted himself in his royal/presidential armchair, cleared his throat and commanded the presidential linguist to order the Kosmos engineer to copy his message. Then Mr Musselman, a bit bit nervous, as if he had committed a few blunder, and with frightened voice stated: "Pleeease, eerr -Okyeame, I say kindly tell His Excellency the President that our venture right here this morning is to announce to him that our organisation has found about 600million barrels of light oil offshore his beloved country - Ghana.

One might have predicted the President to leap to his ft at once and begin jubilating. Instead President Kufuor further probed: "Okyeame, ask the Kosmos engineer what's the proof that Ghana has discovered oil as he claims." Then Mr Musselman, positioned his hand in a goat skin leather bag and brought out a bottle of some dark-brownish liquid. Some of the liquid turned into poured into a plate. To a layman like this writer, the said liquid looked very much like pure honey. "Take this," says Mr Musselman, "gift it to H.E. That this is the proof that Ghana has oil flowing beneath the ocean in the Western Region."

It was most effective after President Kufuor, has held the sample of the oil in his very own hand and dipped his very own forefinger within the honey-like liquid and smelled it before he nodded his head approvingly that Ghana has without a doubt observed oil in business amount. Then President Kufuor repeated what he stated in his broadcast to the country on the eve of Ghana's Golden Jubilee Anniversary: "IT IS GREAT TIME TO BE GHANAIAN."

President Kufuor then expressed his personal gratitude and that of the human beings of Ghana to Kosmos and its partners for a excellent job performed. He quickly counseled that honesty, transparency and the spirit of win-win precept need to guide the operations of oil companies exploring the "black gold" in Ghana. The President turned into speakme from enjoy in phrases of the living situations of people and communities wherein Ghana's red gold which has been mined from time immemorial and the environmental degradation being bequeathed to generations but unborn.

On Tuesday, June 10, 2008, the complete front web page of the Daily Graphic became devoted entirely to grease discovery business in Ghana. In fact, the banner headline for that day read: Test of properly yields high quality outcomes. OIL - 120,000 BARRELS IN A DAY - Production predicted to rise in 2012. This headline turned into illustrated with a lead photograph in which President J.A.Kufuor became visible congratulating Mr James Musselman, the Chief Executive Officer of Kosmos Energy, after the latter had briefed the President on the latest development inside the u . S . A .'s oil find. In the same photo have been spotted Mr George Owusu, stated to be Ghana's representative of Kosmos, as well as Mr Sekyere Abankwa, Board Chairman of GNPC.

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