Avoiding the Resource Curse in Ghana: Assessing the Options

Abstract

The finite supply of fossil fuels combined with increased demand is leading to an intensification of efforts by various states and multinational corporations (MNCs) to discover and control new sources of oil. This has become even more urgent in recent times with the Western world interested in reducing its reliance on oil from the Middle East, and the expanding economies of China and India interested in satisfying their demands irrespective of the origins of supply. Given the global importance of fossil fuels, control of these natural resources have the potential to confer great economic and strategic benefits to the countries where they are found. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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