BY GEORGE MUZOORA
Business experts have cautioned Ghanaian citizens to reduce their expectations regarding the new oil industry but rather focus on developing other industries.
Ghana started producing and exporting crude oil in 2010 and the citizens were expecting much from the ‘black gold.’
To their disappointment, members of community around Takoradi oil city are disappointed that oil industry has instead turned out to be a burden to them. Franciscan Kubulemu is one of the affected business persons here in Takoradi.
Cue in: “I am not getting anything………….
Cue out: ……cost of production is going up”
Justice Lee Adoboe, an economic journalist based in Accra says that in order to overcome a challenge of high production costs, African countries must stop importation of good and promote local industries.
Cue in: “the political economy of………
Cue out: ………for the long term gain”
However, Prof. Amos Anyimadu advised the community around Takoradi not to expect much from oil.
Cue in: “Actually what Ghana………..
Cue out: ………….Average insurance”
Business experts have cautioned Ghanaian citizens to reduce their expectations regarding the new oil industry but rather focus on developing other industries.
Ghana started producing and exporting crude oil in 2010 and the citizens were expecting much from the ‘black gold.’
To their disappointment, members of community around Takoradi oil city are disappointed that oil industry has instead turned out to be a burden to them. Franciscan Kubulemu is one of the affected business persons here in Takoradi.
Cue in: “I am not getting anything………….
Cue out: ……cost of production is going up”
Justice Lee Adoboe, an economic journalist based in Accra says that in order to overcome a challenge of high production costs, African countries must stop importation of good and promote local industries.
Cue in: “the political economy of………
Cue out: ………for the long term gain”
However, Prof. Amos Anyimadu advised the community around Takoradi not to expect much from oil.
Cue in: “Actually what Ghana………..
Cue out: ………….Average insurance”
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