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Ghana’s oil boom gathers pace amid rising output

Rising output and new discoveries offer a bright future for Ghana’s energy industry

When Ghana started pumping oil from the offshore Jubilee field in December 2010, ushering the country into the ranks of the world’s energy producers, the feat aroused joy and trepidation in equal measure among Ghanaians. The optimists looked to Norway, where well-managed oil wealth has turned an economic backwater into one of the richest and most stable countries in the world. The pessimists looked closer to home, to countries like Nigeria where mismanagement of the oil industry had corroded political institutions and distorted the economy. Two years on, talk of the oil curse has faded, petrodollars are fuelling a growing economy, oil output is on the rise and the country’s exploration prosp

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