Crude oil could turn Ghana into one of the fastest-growing economies in the world. This seems to be the message coming from analysts as the West African country is set to start benefitting from the development of its largely untapped oil wealth. There are only three fields in Ghana that are already producing, out of 21 license blocks . Of these, 14 are in ultra deep waters, which makes their development costlier, and five are in shallow waters. Eight of these blocks were discovered over the last five years and there may be more coming: Exxon, Eni, Anadarko, and Tullow Oil are among the companies with a presence in Ghana. The country has a democratically elected government headed by a president that is all for foreign investment and all against foreign aid, which is a good combination for investors in Ghanaian oil. Of course, prices are higher, too, which […]