Why Ghana?
Written by danquahinstitute.org Thursday, 30 July 2009 15:14
But the decision to embark on this trip was also made on the basis of some tangible and concrete opportunities for America in the region.
Top on the list is the United States’ military and energy security agenda. Before the 9/11 bombing in 2001, conventional thinking in Washington perceived no vital strategic interests for the U.S. in sub-Saharan Africa. But this has changed. Today we can see a significant shift away from America’s traditional geopolitical calculations regarding oil production and supply. The U.S.’s National Intelligence Council (NIC) estimates that by 2015, 25 percent of American oil imports will come from West Africa, compared to 16% today – an estimate even considered as too conservative in some quarters. Already West Africa supplies as much oil to the U.S. as Saudi Arabia. Furthermore, our oil is light and sweet, making it easier and cheaper to refine than Persian oil. Plus its offshore location reduces transportation costs and minimises risk of political violence and terrorist attacks.
This shift in global energy patterns to the Gulf of Guinea has led to a significant re-evaluation of foreign policy focus and global alliances, resulting in a multi-layered engagement with countries such as Ghana, that encompasses military and energy security, and development aid. This trip is thus at the heart of Washington’s strategy of working with its regional allies in West Africa to develop relationships that will secure its energy security in the long term.
The United States, in typical Dick Cheneyic oilthink, sees the Gulf of Guinea as offering the opportunity to break with the old politics which saw the U.S. at the mercy of the geostrategic pressure of unstable or unfriendly oil-producing states in the ‘old’ Gulf (Persian Gulf) and Venezuela.
The way forward is a pro-active policy to build a new Gulf of energy security and prosperity in a part of the world that is relatively receptive to American presence. With significant discoveries being made in the Gulf of Guinea oil basin, off the coast of Ghana, Equatorial Guinea, Congo and Cote d’Ivoire, according to the Energy Information Administration of the U.S. Department of Energy, the United States will be importing in the year 2020 over 770 million barrels of African oil a year. And Ghana with its stability, notable responsiveness to America, deepening multiparty democracy and promising investment climate is seen as the perfect epicentre for the growth and fulfilment of this interest. In the eyes of America, geography, geology and ideology all favour Ghana as the gem in the crown of this new policy.
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