Ghana: U.S. Joins Oil War

It was initially projected to rake in a whopping $1 billion annually, but after being reviewed, the figure was slashed down to $580 million, which is a drop in the ocean considering Ghana's revised Gross Domestic Product (GDP) of GH ¢45.9 billion.

But before this meager income could even flow into our mainstream budget for development, it has already generated controversy. That, in brief, is the story of the oil find in Ghana.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.