n African Security Review - Ghana : will oil resources strengthen democracy? : Africa watch

Volume 18, Issue 2
  • ISSN : 1024-6029
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Within the next two years Ghana will join the ranks of the oil-producing states. Although this development could lay the foundation for sustainable socioeconomic development to underpin the country's progress in its national democratisation process, it also raises certain fears and concerns. Depending upon how Ghana's leaders use their good fortune the country could either become one of the wealthiest and most stable democracies in Africa, or remain poor and aid dependent. The question in some minds is whether Ghana's government will manage an oil boom any better than the other resources it already possesses. The current political context and achievements in the establishment of an effective system of governance may allow for cautious optimism.

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