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Ghana's 2010 oil 'boom': Ensuring public interest over private gain PDF Print E-mail
Written by Mawuli Dake   
Thursday, 24 June 2010 15:56

While Ghana's mining industry has historically been characterised by a lack of transparency and the dominance of foreign multinational interests, *Mawuli Dake stresses that the burgeoning oil industry must not be allowed to go the same way.

 Disputes related to natural resources have exacted a toll on far too many African societies, turning the dreams of national prosperity
that come with the discovery of such natural resources into perpetual nightmares.

 Consequently, these disputes have resulted in violent conflicts, environmental destruction, corruption, untold human hardship, displacements and a devastated future for entire communities. This sad but true reality causes even the most exuberant optimist to wonder if the discovery of oil in one's country should be a cause of jubilation or trepidation. I am cautiously optimistic about Ghana, that the nation will take full advantage of the positive and negative lessons from others to ensure transparency and accountability as oil production begins.

 

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