Ghana has recently started producing oil from the offshore Jubilee field. We determine the most appropriate strategy for harnessing this relatively small and temporary windfall given the unique characteristics of the Ghanaian economy: low income, low physical and human capital, the start of structural transformation, large stock of foreign debt and relatively high inflation rates.
van der Ploeg, R.; Stefanski, R.; Wills, S. Harnessing Oil Revenues in Ghana (Policy Brief). International Growth Centre (IGC), London, UK (2011) 2 pp.
Harnessing Oil Revenues in Ghana (Policy Brief)