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Article: Ghana aims to avoid the 'oil curse'.(WORLD)
- Article from:
- The Christian Science Monitor
- Article date:
- August 6, 2007
CopyrightCOPYRIGHT 2007 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Blake Lambert Correspondent of The Christian Science Monitor
Accra, Ghana -- The recent discovery of oil off Ghana's western coast is inspiring dreams of national wealth.
"Thank God for oil," says Sylvester Mensah, a hotel employee.
The country's political leaders are equally enthusiastic.
President John Kufuor recently said that oil will transform Ghana's economy into an "African tiger."
But while the discovery by London-based Tullow Oil of up to 600 million barrels in June has been hailed as a birthday present for the 50-year-old country, observers question whether Ghana, an oasis of stability in volatile West ...