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Bamboo no longer just for Pandas!
In October 2012, the International Monetary Fund (IMF) published the World Economic Outlook (WEO), a forecast for more than 180 countries based on macroeconomic indicators such as gross domestic product (GDP), inflation and fiscal balance. Ghana’s 2012 GDP of +8.18% has it listed as one of the top 20 fastest […]
Read all posts for ‘Oil’
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Is Norway and its Oil Fund a sustainable “resource blessing”?
The Norwegian Oil Fund reinvests state revenues from the country’s petroleum sector to preserve today’s wealth for future generations. This system brings together growth and sustainability – but does it in reality? Norway is known as one of the richest countries in the world. Its fortune is based on its […]
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Stay poor or drill paradise? Ecuador’s present dilemma
In a live broadcast on television, radio and the web, President Rafael Correa announced that Ecuador will exploit the oil reserves of the ITT area (or a portion of it, located in the Yasuní National Park, the most biodiverse area in the world. In fact in Ecuador there is more […]
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Basilicata: Oil brings neither growth nor sustainability.
Basilicata is a region in the south of Italy, bordering on three other regions – Campania, Puglia and Calabria- and two seas – the Tyrrhenian and Ionian. In many ways it represents a typical Italian paradox. Basilicata is my region and I love it. Basilicata – or Lucania if you […]
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Ghana’s Western District Now Expensive Due to Oil Discovery
Takoradi is a city on the brink of transformation. The discovery of oil and gas in commercial quantities in the Western Region of Ghana in 2007 has brought about the high cost of living in Sekondi-Takoradi and its surrounding communities. Haven’t lived and worked in Takoradi as an IT […]