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- Joe Biden: I can’t be president — my golf would suffer
- German authorities grab suspected hardline Islamist
- Rare lesbian HIV transmission case turns up in Texas
- Obama economy: Rich get richer, as millionaires’ list grows
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Ghana oil revenues to gush without spending plan
Officials with the International Monetary Fund also have said that Ghana has to manage expectations, pointing out that “the initial scope of spending from oil revenues could be relatively modest” because of the need to reduce the deficit and pay debts.
In April, Ghana’s ambassador to the United States, Daniel Ohene Agyekum, told an Oxfam America-sponsored panel called Can Ghana Beat the Oil Curse that the government of Ghana was working to make sure the oil funds would be used transparently and for the benefit of communities.
“The greatest asset that we have … is the people of Ghana. And that is why, as a policy, it is our determination to ensure that the interests of the people of Ghana are respected at all times,” he said. “When the oil has come and gone … we [must] have a quality of life that is much better than we have had so far.”
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