ForeignPolicy.com published an opinion piece by CGD senior fellow Todd Moss on Ghana's oil.
From the article:
"When Barack Obama picked just one country to visit on his maiden voyage to Africa as U.S. president, it was no surprise he chose Ghana. The West African country of some 22 million people has been a peaceful democracy for nearly two decades. Its economy has grown steadily since the early 1980s while the number of Ghanaians living in poverty has plummeted. Ghana has mostly contained the fraud and theft that rots other economies and avoided the maladies affecting so many of its neighbors.
But Ghana's greatest test is yet to come. A major offshore oil project will soon produce about 200,000 barrels of crude per day, delivering a windfall of profits. Gold and cocoa exports, the driving forces of the economy for more than a century, will both be surpassed by oil almost immediately."
Read the article
