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OIL DEAL FROM EQUATORIAL GUINEA: IS IT 65,000 BARRELS A DAY OR 5,500?

OIL DEAL FROM EQUATORIAL GUINEA: IS IT 65,000 BARRELS A DAY OR 5,500?

Written by danquahinstitute.org Monday, 10 May 2010 22:42

In the last five months alone, President J E A Mills has made two 3-day official trips to Equatorial Guinea and has on both occasions returned to Ghana with news of striking significantly different crude oil deals with his Equatorial Guinean counterpart, President Theodore Nguema Mbasogo.

The Danquah Institute is also extremely disturbed by moves by the Government of Ghana to rescue a Korean company that is US$6.3 billion in debt, whilst thousands of Ghanaian companies are also in distress and would require only a fraction of that amount to stimulate them back into productivity and profitability. more >>>

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Frank Bediako (78.105.94.xxx) 2010-05-11 19:43:32

Again, these developments seem altogether typical of the Mills Administration. There are of course many a reason for this kind of behaviour; my own view is that the present administration having assumed power on the back of populist nonsense, are now stuck .They are stuck in the mode of electioneering, forgetting that there is now a discerning public and civil society groups who deserve to have proper information on all relevant government business.
It is time to have a grown up kind of politics in Ghana, we simply deserve it. This deal must be subjected to proper public debate; we deserve to know why our Oil revenues are being mortgaged in order to apparently bail out a South Korean Company.