Audio By Carbonatix
A development consultant Dr Todd Moss has suggested that oil revenue to be generated from Ghana’s oil find be shared in physical cash to citizens.
Radical as the suggestion may sound, Dr. Moss insists that is the sure way to ensure that Ghana’s oil find becomes a blessing and not a curse.
He made the contribution at a forum organised by the Institute of Economic Affairs to plan how Ghana’s oil revenue will benefit the ordinary Ghanaian.
Dr Moss who is a Senior Fellow and Vice President of Corporate Affairs at the Centre for Global Development in the US said the system is gradually gaining popularity, having served the state of Alaska well enough.
He said Libya and other oil rich countries are beginning to implement the policy.
His opinion however was sharply at variance with other contributors who argued vehemently for the investment into public infrastructure education and health.
But Moss said that suggestion in most cases is a phantom idea which takes too long for the ultimate beneficiaries to enjoy.
“A cash in hand is much better than a promise of road five years from now, or a clinic ten years from now or maybe a job if the economy grows,” he argued.
"It is something tangible people can feel," he said adding “It is clear for everybody involved to know what the money is being used for. There is no mystery. No black box,” he added.
The proposal he said can be implemented to fulfill Ghana’s regional balance.
Dr Moss said the proposal is more transparent and will avoid the teething corruption associated with oil rich countries in Africa,
Story by Nathan Gadugah/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana’s fishers hold the knowledge, why are they not shaping policy?
17 minutes -
Two killed and many injured after car driven into crowd in German city of Leipzig
18 minutes -
GNFS honours firefighters on International Firefighters’ Day 2026
20 minutes -
Kasapreko PLC announces GH¢700million IPO on Ghana Stock Exchange
26 minutes -
NIA resumes Ghana Card registration for children in Volta and Oti Regions
30 minutes -
Handling of BoG 2025 report risks politicisation – Oppong Nkrumah
31 minutes -
Health Ministry partners with World Bank Group to tackle regional health challenges
34 minutes -
IGP deploys special unit to Bono East, Northern regions after deadly attacks
40 minutes -
BECE logistics delays in rural areas not unusual – Kofi Asare
41 minutes -
5 police officers interdicted over misconduct in viral videos
48 minutes -
Hindsight: How Ghana’s relay team was sabotaged by Sports Ministry and Ghana Athletics
55 minutes -
Mahama to host world leaders on global reparatory justice at Accra summit
58 minutes -
When partnerships become problems: Rethinking Nestlé’s role in Ghana
1 hour -
World Relays 2026: Saminu clarifies remarks on Ghana 4x100m team preparation, calls for unity ahead of major competitions
2 hours -
Heath Goldfields clears GH¢139 million in worker arrears as Bogoso-Prestea recovery begins
2 hours