Managing The Huge Expectations Of Ghana'S Oil And Gas Discovery

Abstract

This study aimed at reviewing some of the huge expectations of the inhabitants of Cape Three Points (host of Ghana's oil and gas) and Ghanaian populace as a result of the oil and gas discovery. It adopted survey as its research design and complimented with literature review. The major instruments for data collection were questionnaire and personal interviews. The questionnaire which required a "yes" or "no" answer was administered to 200 inhabitants of the study area through random sampling technique. Data collected were analysed using frequency distribution and simple percentage. Among the findings of the study is the fact that the discovery of oil and gas in the deep waters of Ghana's Territorial Waters west of Cape Three Point will improve the road network to the town as well as the
living standard of the people. It has also exposed Quasi-Government Investment Approach as a suitable means to managing the Ghana's huge oil and gas expectations. Hence, this approach with proper accountability and transparency of derived revenue was recommended.