Ghana’s oil industry: steady growth in a challenging environment

This paper examines Ghana’s petroleum industry, its steady growth, and its initial challenges, such as the maritime border dispute and political interventions. Polarization between the two main political parties in Ghana, the National Democratic Congress (NDC) and the New Patriotic Party (NPP), has had important consequences for the industry. While an internal Ghanaian political dynamic explains particular traits and processes in the industry, the steady pace of growth, despite low prices, also reflects Ghana’s eagerness, across political party lines, to develop the industry in order to support general economic growth