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Exxon Said to Pay $4 Billion for Stake in African Field - NYTimes.com
"While major companies like Exxon have focused on developing large oil and gas projects, much of the riskier and more prospective exploration has been undertaken by smaller, independent producers like Anadarko Petroleum, Tullow Oil and Kosmos. "
Ghana land disputes -- Diigo list
Berry, Sara. 2009. Property, Authority and Citizenship: Land Claims, Politics and the Dynamics of Social Division in West Africa. Development and Change 40, no. 1: 40: "Since 1992, when outgoing military ruler J.J. Rawlings succeeded himself as President of the fourth Republic, Ghana has presented the anomalous picture of an ostensibly stable democratically elected national regime presiding over local battlefields where tensions over land and chieftaincy erupt, periodically, into open combat."
Pambazuka News - Ghana: Why the North Matters
Unequal and uneven development inherited from British colonialism by present day Ghana continues to divide the North from the South. For Samuel Zan Akologo and Rinus van Klinken "Sierra Leone, Cote d’Ivoire, Liberia and Togo are gory reminders" should serve as warning to the Ghanian leadership that it must change course.
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With the introduction of structural adjustment, projects and activities depending on the government were scaled down. While the idea of privatisation could somehow work in the South, as there was an elite and foreign companies to take over these activities, such conditions did not apply in the North. The factories ground one by one to a halt. Commercial farms went into receivership. Employment and income collapsed. The market players, who were to exploit the opportunities afforded by the withdrawal of the government, simply were not ready for it. Whatever economic elite had started to develop either sank back into obscurity or joined their brethren in the south.
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National policies, ostensibly designed so as not to favour specific parts of the country, end up disadvantaging the North. The Ghana School Feeding Programme (GSFP) was originally conceived as a programme focusing on ‘Hunger Hotspots’, and was therefore targeted at the North. For obvious political reasons, the government decided instead to make it a national policy benefiting all districts equally. But with programme management using its discretionary powers, individual districts were able to lobby for additional schools. Inevitably, such districts were politically well connected and close to the physical and political centre. With as end result that Greater Accra, Ashanti and Brong Ahafo Regions receive a whopping 70 % of the total funding for school feeding (leaving the other 7 Regions to fight over the remaining 30 % of the funds). The three northern Regions, home to 30 % of the total poor in Ghana, receive a paltry 7 % of the funding!
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As Global Wealth Spreads, the IMF Recedes
Ghana had joined a long list of developing countries in Africa and beyond enjoying record periods of growth, with the robust economy leaving it no longer in need of more IMF cash.
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Ghana had joined a long list of developing countries in Africa and beyond enjoying record periods of growth, with the robust economy leaving it no longer in need of more IMF cash.
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The IMF, founded in 1944 to foster the reconstruction of the global economy in the wake of World War II, is entering its largest period of upheaval since the fall of the Berlin Wall. Over the next year, the Washington institution will slash its 2,900-person workforce by 13 percent through a combination of buyouts and some layoffs, reflecting a loan portfolio shrinking so fast that the IMF is seeking to sell off $6 billion in gold reserves to create a new long-term source of income.
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allAfrica.com: Ghana: Government Prepares to Battle the 'Oil Curse' (Page 1 of 2)
"At this point we acknowledge that we lack the know-how to manage this enormous resource but we are blessed with the experience of others," said Francis Ackah, engineering manager of the Ghana National Petroleum Company (GNPC), the agency which oversees the country's petroleum resources.
Bank both player and referee in road to Accra (Bretton Woods Project)
[for the] High Level Forum on Aid Effectiveness in September...the World Bank is...prompting cries of foul play by civil society groups. The Bank is heavily involved in the process of monitoring commitments and...the run-up to the Ghana meeting.
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