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Vol 55 No 18

Published 12th September 2014


Ghana

Popping the gas balloon

Opacity and mismanagement in the oil and gas sector have turned financial problems into a much deeper economic crisis

Fixing the worsening crisis in the oil, gas and electricity industries is a key issue in this month's finance negotiations with investors and the International Monetary Fund. Not only are power cuts and rocketing fuel prices damaging the economy, the mismanagement of the gas processing project in Atuabo, Western Region, is reckoned to have cost the country over US$2 billion, ramping up the budget deficit.

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