Who is the current energy minister in Ghana?

Who is the current energy minister in Ghana?

What people are like in Ghana

1As China invests massively and strategically in oilfields around the world, the dilemma for developing economies has been to balance the benefits and bonanza of these investments with their variable environmental and social costs. The situation is made more difficult by attempts at social mobilization by global and local actors seeking to protect these fuels. Indeed, in the fossil fuel industry these attempts have been largely overshadowed by political decisions, such as expanding extraction into the Amazon basin or increasing production in the Atlantic Ocean to meet the growing expectations and demands of investors, as discussed in this article. In view of China’s recent drive to expand its energy resources, this article compares two states, one in Latin America and one in Africa – important areas of Chinese investment and interest – in order to assess the outcomes of energy and development policies, as well as their effects on social mobilization.

Ghana today

Currently, the country is one of the most powerful democracies in the continent, highlighting the important role it plays in the most important organization in the area: the African Union (AU). In addition to the AU, it is a member of other organizations in which the country does not play a leading role: the United Nations (UN), the Commonwealth of Nations (better known by its English name Commonwealth of Nations) and the World Trade Organization (WTO), among others.[13] In 1948, three demobilized soldiers were demobilized from the army, but they were never demobilized.

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In 1948, three demobilized soldiers from the colony (Sergeant Frederick Adjetey Cornelius, Corporal Attipoe and Private Odartey Lamptey), were peacefully on their way to Christiansborg Castle, to inform the governor of the plight, but were killed on the way.[23] In 1966, Nkrumah was killed by the army.[24] In 1966, Nkrumah was killed by the army.

In 1966, Nkrumah was overthrown by a coup d’état and thereafter the country entered an era of instability and political changes, which ended with a second coup d’état on December 31, 1981[26] led by the “Air Force Lieutenant Colonels”, commanded by Jerry Rawlings.

Official language in Ghana

The International Atomic Energy Agency (IAEA) has approved Ghana’s application to introduce nuclear power in the country. It will thus become the second country on the African continent, after South Africa, to install nuclear power plants.

“We have gone back to the idea of going to nuclear power because it is envisaged that it will become so cheap that we will not even have to put a price on electricity. We want it to go down in our history books that there were times when we had to ration supply. This will grow new industries in steel technologies, welding and various robotic functions. These will all be side effects of nuclear power,” said Robert Sogbadji, Ghana’s Minister of Energy and Petroleum.

Current political system in Ghana

Source: various publications of the Government of Ghana Budget, Ministry of Finance and reports on the state of the Ghanaian economy prepared by the Institute of Statistical, Social and Economic Research (ISSER).

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Under these conservative assumptions we obtain oil revenue projections of between $1.22 billion and $1.75 billion in 2010 under scenarios 1 and 2, respectively. In 2012, these figures are estimated to be between $2.54 billion and $3.62 billion in both scenarios (see Figure 5). Clearly, this is quite substantial income compared to total 2007 grants and loans of approximately $1.34 billion.

Conclusions:  The discovery of oil in Ghana is a blessing in many ways. The country has grown both politically and economically since the 1990s and is seeking to become a middle-income country by 2015. However, the resources needed to fund the programs aimed at moving the country in that direction are not assured. Ghana’s projected oil production revenues would provide a good source of funding for the country’s development. However, oil production is not without complications, including “Dutch disease” or rent-seeking behaviors associated with such production.

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