What Benefits Will Western Region Derive From The Extractive Industry.


Nana Kobina Nketsiah V N

 Mr. Mohammed Amin Adam, Executive Director of the Africa Centre of Energy Policy, has called on Ghana to learn from the examples of countries that have channelled their mineral and oil resources into bettering the lives of its people. He mentioned Indonesia, Malaysia, Alaska and Trinidad and Tobago as examples of countries that have channelled their mineral or oil resources into industrialization, human capital development, agriculture and direct cash transfer.

Mr. Adam said growth rate and development plus literacy level had shot up in the above countries where specific human and development interventions have been instituted.

The Executive Director was speaking at the Western Regional Development Forum organized under the Nana Kobina Nketsia IV Trust on the theme: ?Making the Extractives Revenue Benefits of the People?.

The WR Development Forum with funding from Canada Fund for Local Initiatives is expected to find ways to improve usage of royalties received by MMDAs.

It would also ensure deeper appreciation of the royalty formulation and its dynamics and greater transparency with regard to the revenue.

The Forum would also make inputs into the development guidelines of the Municipal, Metropolitan and District Assemblies and ultimately enhance the welfare of the communities and the Region as a whole.

Mr. Adam said to avoid the resource curse; Ghana must avoid poverty of its people, bad environmental practices, poor governance and resource corruption which often times brought about agitation and violence.

Ms Emelia Arthur, Deputy Western Regional Minister, raised a number of questions concerning the disbursement and the use of oil and other mineral revenues.

She appealed to chiefs, queen mothers and opinion leaders of the Region to reposition themselves in getting their due of such resources.

Ms. Trudy Kernighan, Canadian High Commissioner in Ghana, lauded Ghana for a peaceful conduct of the just ended elections and said the Canadian government would continue to contribute to transparency in the extractive sector.


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