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SUBJECT:
Ghana's ability to manage its oil revenues successfully.
SIGNIFICANCE:
Although the deleterious effects of oil wealth in such countries as Angola, Equatorial Guinea and Nigeria are frequently noted, there are a number of other developing countries such as Botswana, Chile and Indonesia that have managed their resource wealth wisely. Ghana is an important test case of the prospects for resource-led development because on many institutional governance measures it scores lower than Botswana but higher than other African oil producers.
Word Count (approx): 1340
Headings
- Regional context
- Management challenges
- Chad-Cameroon precedent
- Reasons for optimism
- Offshore deposits
- Extractive experience
- Governance
- Elections
- Press freedom
- Corruption
Primary Keywords: AF, Ghana, economy, industry, politics, corruption, election, fiscal, government, media, oil, reform, regulation
Secondary Keywords: Angola, Cameroon, Chad, Equatorial Guinea, Gabon, Nigeria, corporate, legislation, mining, opposition
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