Geological Survey Department to be transformed

Read Comments Comments (3)

• Owura Kofi 11 years ago

  There should be a moratorium on all new oil explorations, until a better mechanism is in place for Ghana to own a larger share of the oil. Cameroon began negotiations with a COMPULSORY 20% shares, before further negotiating f ...
  read full comment

  There should be a moratorium on all new oil explorations, until a better mechanism is in place for Ghana to own a larger share of the oil. Cameroon began negotiations with a COMPULSORY 20% shares, before further negotiating for more shares, royalties and taxes. Cameroon earns close to 70% of the oil drilled in that country. Ghana shamefully earns less than 30%.
  Check the book below: Ghana can take a lesson from Cameroon on the negotiations, and take a page from Malaysia on Resource Management.
  
  Plundered Nations? Successes and Failures in Natural Resource Extraction
  Edited by Paul Collier and Anthony J. Venables, 2011,

  reply
• Kwame Appiah 11 years ago

  Thanks for your messaage.It's a big SHAME and I hope those bogus politicians and Government officials are listening.

  Thanks for your messaage.It's a big SHAME and I hope those bogus politicians and Government officials are listening.

  reply
• KKK 11 years ago

  GHANA SHOULD HALT ALL EXPLORATIONS UNTIL CURRENT DICOVERIES IS REVIEW. AGAIN CAMEROUN STATED 20% BEFORE FURTHER NEGOTIATIONS UNLESS CORRUPT, GREED POLITIANS DECIDED TO CONTINUE SELLING THIS COUNTRY WITH SLAVE MENTALITY

  GHANA SHOULD HALT ALL EXPLORATIONS UNTIL CURRENT DICOVERIES IS REVIEW. AGAIN CAMEROUN STATED 20% BEFORE FURTHER NEGOTIATIONS UNLESS CORRUPT, GREED POLITIANS DECIDED TO CONTINUE SELLING THIS COUNTRY WITH SLAVE MENTALITY

  reply