Wednesday, December 22, 2010

Ghana’s Crude Oil & the Dutch Disease

After all these years, the World Bank – not quite the world’s bank – does not understand the Ghanaian culture where novelty gets all the time, attention and money, while old glamour loses all its gloss. Oil & Gas is already the only leading buzz-phrase in Ghana, no?

Shall we count how many times the World Bank – not quite the world’s bank – has been hopelessly wrong in its reading of the economy, culture, pulse and climate of an emerging economy? Dig in, then, for we’ll be here till Christmas in 2011.

(Picture Credit -


  1. I'm not sure if Ghana's mining and cocoa industries are well-managed. They might be from the perspective of an outsider who can benefit from our lack of foresight and assertiveness. Like I have already lamented, there are many cocoa farmers who have never seen chocolate. They do not know what it is. The world bank is not nec. seeking Ghana's interest. It is just trying to ensure that we don't go broke and become a liability to them.

  2. I agree with Baafoo, and you, Nana Yaw; we are like kids with a new doll, discarding the old dolls and playing with new.

  3. Kwame Mensa-Bonsu22 December, 2010

    Complete rubbish of course.


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