Oiling our drive for growth (Ghana)

Finally after decades of exploration Ghana has yielded a major oil discovery. This should in a few years to come play a significant role in oiling our nation’s drive for economic growth.

The find, dubbed Mahogany-1 by its American and British owners, is considered internationally significant. Ghana too holds a stake in Mahogany-1 but before we break out the party hats The Statesman would like to help put this find in context.

Firstly, no matter how much oil sits in the Tano Basin off the coast of the Western Region, it”s going to take some time to get at. Between 3 to 5 years. Tullow Oil, the British company that owns about 23-percent of the project, says further drilling won