Ahead of Ghana’s Official Oil Outdooring Ceremony

Tomorrow will see Ghana’s oil officially outdoored to the merry of Ghanaians and the vigilance of the outside world.

Ghana found its oil in commercial quantities in 2007 by the help of the UK firm Tullow Oil after several attempts by the Ghana National Petroleum Commission to discover the ‘black gold’proved unsuccessful though the commission was able to collect relevant data that helped Tullow Oil in its discovery

This oil find has raised the expectations of many Ghanaians including the then President John Agyekum Kuffuor whom with joy said “with oil as a shot on the arm, we’re going to fly”.

As President Mills goes to officially outdoor the oil tomorrow, I want to say a big AYEKOO to Ghanaians and I pray that we come together as good citizens to protect this resource in order that it becomes benefitial to us.

Controversies have already stirred up with the collateralization clause in the petroleum law. The minority in parliament want the revenues from the oil to be banked for future use while the majority want part of the revenue to be used as collaterals in procuring loans in order to hasten infrastructural developments of the country.

As it stands now, the collateralization clause has been approved by parliament and all we can do as a country is to rally behind the petroleum law, safeguard it and ensure the oil revenue is used judiciously so that in the future will be able too tell our own unique positive  oil story.

Congratulations to Ghanaians and may God bless our homeland Ghana.