Blacksta's Posts
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Tayo-UK:What is the name of this company - |
Abuzola:No i am not - why do u ask? |
Deep below the Gulf of Guinea lies the key to Ghana's economic future. After decades of casting jealous looks at its oil rich-neighbours, the taps of Ghana's very own oil boom are about to open. As the oil starts to flow, so, Ghanaians hope, will the money needed to move the country into the next economic league. But as many oil-rich African nations have found, oil is as likely to be as much of a curse as a blessing. Gold, cocoa and oil. Most countries would settle for an abundance in one lucrative natural commodity. Ghana can now boast quite a collection. In 10 years time Ghana will be a very prosperous nation Kwabena Duffuor, finance minister, Ghana Having built an economy on its rich gold reserves, plentiful supply of timber and extensive cocoa plantations, the country will soon have a new resource to sell. Ghana's offshore oil wells are set to start pumping in 2010 with predictions that they could eventually produce some 10 billions barrels of oil. And despite the fall in the price of and demand for oil during the global recession, the Ghanaian government remains confident that an oil windfall will deliver all that it has promised. "In 10 years time Ghana will be a very prosperous nation," says finance minister Kwabena Duffuor. "We will be an oil exporter, doing very well in gold mining and with a strong financial sector - we will have a very buoyant economy', he says. Oil prosperity To make the most of the new oil fields, the government has transformed the Ghana National Petroleum Company (GNPC) to ensure it can cope with the demands of oil extraction. Ghana's economy is ready for a big oil boost. GNPC has entered into a joint agreement with a number of foreign oil companies to help extract and deliver the oil. While Ghana may be short on domestic oil industry expertise, it's not short on people wanting to lend a hand. Earlier this year, Norway sent a government delegation to advise the Ghanaian government to offer their knowledge on dealing with the country's oil find. The offer came after Kofi Annan, the former UN secretary general, contacted the Norwegian government keen to make sure that his native country avoided the "oil curse". [size=14pt]It is now expected that Ghana could develop a fund for oil revenues similar to Norway's $322bn (£197bn) sovereign wealth fund. [/size] Failing neighbours Ghana does not have to look far for examples of "worst-practice" oil industry development. [size=20pt]Just down the coast lies the rich oil region of the Nigerian Delta, one of the most dangerous parts of West Africa.[/size] "There are a million lessons that Ghana can learn from Nigeria," says Duncan Clarke, an oil expert at Global Pacific & Partners. "From the parking of oil funds abroad, to the direct plundering of state resources and simple corruption, Ghana has plenty of things to avoid," he says. A living for the locals One of the major concerns in Ghana is that the country's population will not be able share in the oil boom. We've seen what others that have found oil have gone through and we've looked at their mistakes Kwabena Duffuor, finance minister, Ghana "If locals do not have the skills and access to the oil industry, then you end up with a situation where people are very aggrieved." The Ghanaian government has asserted that its oil find will be of benefit to the whole of the country, but many are concerned that good intentions may not turn into reality. "Spreading the wealth among the population is much easier said than done," according to Mr Clarke. "There are plenty of examples in developing economies where this has not happened." Crude hopes? With the oil not set to flow for another year, the government is working hard to manage the country's soaring expectations. For charity workers in the country, the oil find offers a one-off opportunity to boost the living standards of the poorest members of society. Martin Derry, of the the non-governmental organisation Pronet North, believes that once the oil funds start to flow, people will need to be patient before they see any improvements to their lives. "Once the oil revenue arrives I expect the government to channel it into the deprived Northern area of Ghana, but I don't see that happening any time soon," he says. But while the doubts and worries persist, both inside and outside the country, the Ghanaian government remains resolutely optimistic. [size=20pt]"We've seen what others that have found oil have gone through and we've looked at their mistakes," says Dr Kwabena Duffuor. "Our oil will be a blessing and not a curse." [/size] http://news.bbc.co.uk/1/hi/business/8081717.stm |
Deep Soul:same here - as a Nigerian i no get the balls to act. i go scream and after go and eat my eba case closed. |
desgiezd:Whose defination are u using for the term " Winning team" |
Deep Soul:[size=80pt]lol[/size] |
Deep Soul:and what the hell are u going to do with an updated list - mere mocking |
AjaraEwuro:u should direct your vent at the northern part of Nigeria. |
@poster I agree with u to some extent but no killing. Their must be a non violent way of seizing power or effecting change in Nigeria. I think Nigerians should understudy the people of Thailand. |
AjaraEwuro: ![]() |
lannre:I dont understand - how can they produce a bill with readings different to what u have on the meter installed on yr property ![]() |
i dont know anything about soludo - The only notable thing i hear everyone saying is bank consildation - i will hold my comments. |
vison 202020 - sign here |
agabaI23:Why are u talking like u didnot go to school . so are u saying she performed an IVF on herself |
Remii:unfortunately according to the u.k news on t.v she proposed to get pregant to avoid execution. |
RichyBlacK:On Moral grounds - i would cease execution until baby has been delivered and is in safe custody. The Law of the country should be followed to the paper. Please bear in mind that should confessed to knowingly attempting to transport drugs outside laos. |
death to all becommricjh enemies. |
biina:Valid point but only in the context of countries like the U.s or any western european countries where the possiblity of a miscarrige of justice is non existent or vey low. |
bawomolo:He was grilled for 3 hours in the senate - but i suspect the quality of the questions. |
Please dont curse me. |
The fundamental fact of the matter if it is in the Constitution then it should followed 100 percent. It is illegal for the president to do contrary and therefore Yar adua should be impeached but unfortunately we have stark illiterates in the House of reps and senate who have failed woefully to identify their left from right. |
And who told u Rivers State want to be part of this shambles u call biafra. |
biina:How many times in the U.s are demonstrations dispersed by tear gas . I would ask that u watch the footage again from my own observation it clearly shows that demonstrations were pre arranged. it is well organised event with visible presence of traffic marshalls or event agents and i fail to see anywhere in the footage where it is was hijacked by rioters. Did u see where a man wearing the red tshirt or uniform been dragged into the nearby policestation. |
jamace: Sagamite:Obviously u two are looking at wrong list - The list provide by the OP clearly shows other non northern names. |
1luvkipsus:another moronic comment - It is not by force to leave a comment. |
moneygurl:The whole country is one big joke " Can u leave the camera" as if the guy was carrying the camera. |
[flash=450,350]http://www.youtube.com/watch/v/O6dJ1bZno7A[/flash] |
Kobojunkie:Federal Character My Ass - Please put the right person. |
AjaraEwuro: ![]() it is not by force to leave a meaningfull post. |
RichyBlacK:have u forgotten that she manipulated the law by choosing to get pregnant in prison |
[flash=400,300]http://www.youtube.com/watch/v/UqWtRKUKrqU[/flash] |
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