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OIL AND NATIONAL DEVELOPMENT IN GHANA

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TABLE OF CONTENTS
Title Page ….. ….. ….. ….. ….. i
Approval Page ….. ….. ….. ….. ….. ii
Dedication ….. ….. ….. ….. ….. iii
Acknowledgement ….. ….. ….. ….. ….. iv
List of Maps ….. ….. ….. ….. ….. vi
List of Tables….. ….. ….. ….. ….. vii
List of Figures….. ….. ….. ….. ….. viii
List of Abbreviation ….. ….. ….. ….. ix
Abstract ….. ….. ….. ….. ….. x
Table of Contents….. ….. ….. ….. ….. xi
CHAPTER ONE: INTRODUCTION
1.1. Introduction ….. ….. ….. ….. 1
1.2. Statement of the Problem ….. ….. ….. 3
1.3. Objectives of the Study ….. ….. ….. 4
1.4. Significance of the Study ….. ….. ….. 4
1.5. Literature Review ….. ….. ….. 5
1.6. Theoretical Framework ….. ….. ….. 37
1.7. Hypotheses ….. ….. ….. 40
1.8. Method of Data Collection ….. ….. ….. 40
1.9. Method of Data Analysis ….. ….. ….. 40
CHAPTER TWO: HISTORICAL DEVELOPMENT OF OIL EXPLORATION
AND PRODUCTION IN GHANA
2.1: Brief History of Ghana ….. ….. ….. 44
2.2: History of Oil and Gas Exploration in Ghana ….. ….. 45
2.3: Developing the Oil Jubilee Oil Field ….. ….. ….. 49
2.4 Projected Ghana’s Oil Revenue ….. ….. ….. 53
2.5 The Role of the Ghana National Petroleum Corporation….. 56
CHAPTER THREE: OIL GOVERNANCE AND AVOIDANCE OF RESOURCE
CURSE IN GHANA
3.1: Natural Resource Governance Initiatives ….. ….. 59
3.2: Oil Governance Best Practices….. ….. ….. 68
3.3: Case Studies of Oil Governance ….. ….. ….. 71
3.4: Accountability and Transparency in Ghana Public Sector… 78
3.5: Civil Society and the Management of Ghana’s Oil Wealth…. 85
3.6: Ways of Maximizing Transparency in the Oil Sector ….. 93
3.7: Analysis of Ghana’s Petroleum Revenue Management Act… 94
xii
3.8: Estimated Contribution of Oil to Ghana’s Economy ….. 97
CHAPTER FOUR: OIL AND FOREIGN DIRECT INVESTMENT IN GHANA
4.1: Introduction ….. ….. ….. 103
4.2: Determinants of Foreign Direct Investment….. ….. 105
4.3: Factors that Determines Foreign Direct Investment
inflow in Ghana ….. ….. ….. ….. 110
4.4 Ghana’s Policy Environment for FDI ….. ….. ….. 113
4.5: FDI and Its Relationship with Natural Resources ….. 117
4.6: Applying Findings in Case Studies to Ghana ….. ….. 119
4.7: Oil and Foreign Direct Investment in inflow in Ghana ….. 122
4.8: Impact of the Oil Induced FDI to Ghana ….. 125
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1: Summary ….. ….. ….. 128
5.2: Conclusion ….. ….. ….. 120
5.3: Recommendations ….. ….. ….. 131
BIBLIOGRAPHY ….. ….. ….. 133

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