Economy-Wide Impact of Oil Discovery in Ghana

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collection.link.214
https://openknowledge.worldbank.org/handle/10986/11872
collection.name.214
Policy Notes
dc.contributor.author
World Bank
dc.date.accessioned
2014-07-17T23:36:34Z
dc.date.available
2014-07-17T23:36:34Z
dc.date.issued
2009-11-30
dc.date.lastModified
2017-12-14T04:41:27Z
dc.description.abstract
Ghana's oil will start to flow in 2011, maybe even before, and most of its known reserves will be extracted in the immediate years after. The promise of oil generates expectations of all sorts, the more so as Ghana currently grapples with a macroeconomic crisis of significant proportions. This overview discusses the Ghana-specific nature of these challenges and explores possible options to address them. In doing so, it builds on seven thematic chapters which look at different aspects of the question: (1) oil facts, (2) political economy, (3) public financial management, (4) infrastructure, (5) private sector development, (6) agriculture, and (7) poverty. While the overview tries to bring together the findings of these different chapters, further details and discussions on each of these topics can be found in o f the chapters themselves. It concludes that while oil revenue will not be large enough to radically transform Ghana, it could, if improperly managed, impose enough stress on non-oil sectors to severely undermine Ghana's medium term development prospects. Hence the huge premium and responsibilities put on Ghana's successive authorities to wisely manage the oil wealth to promote the development of the non-oil sectors.
en
dc.identifier
http://documents.worldbank.org/curated/en/2009/11/11888962/ghana-economy-wide-impact-oil-discovery-ghana
dc.identifier.uri
http://hdl.handle.net/10986/18903
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
AGRICULTURAL COMMODITIES
dc.subject
AGRICULTURAL OUTPUT
dc.subject
AGRICULTURAL PRODUCTION
dc.subject
AGRICULTURE
dc.subject
ARREARS
dc.subject
AUDITORS
dc.subject
AVAILABILITY
dc.subject
BALANCE
dc.subject
BARREL OIL
dc.subject
BARRIERS TO ENTRY
dc.subject
BENCHMARK
dc.subject
BENEFIT ANALYSIS
dc.subject
BINDING CONSTRAINT
dc.subject
BUDGET CONSTRAINT
dc.subject
BUDGET REVIEW
dc.subject
BUDGETING
dc.subject
CAPACITY BUILDING
dc.subject
CAPACITY FOR INVESTMENT
dc.subject
CAPITAL EXPENDITURES
dc.subject
CAPITAL INFLOWS
dc.subject
CASH FLOW
dc.subject
CEMENT
dc.subject
CIVIL SERVICE
dc.subject
COMMERCIAL BANK
dc.subject
COMMERCIAL BANK LENDING
dc.subject
COMMERCIAL INVESTMENTS
dc.subject
COMPETITIVE BIDDING
dc.subject
COMPETITIVE TENDER
dc.subject
CONSOLIDATION
dc.subject
CONSUMERS
dc.subject
CONSUMPTION EXPENDITURES
dc.subject
CONTINGENT LIABILITIES
dc.subject
COST ANALYSIS
dc.subject
CRUDE OIL
dc.subject
CURRENT EXPENDITURES
dc.subject
DEBT
dc.subject
DEBT INTEREST
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT SERVICE
dc.subject
DECISION MAKING
dc.subject
DEPOSITS
dc.subject
DEVELOPMENT ASSISTANCE
dc.subject
DISCOUNT RATE
dc.subject
DISPOSABLE INCOME
dc.subject
DOMESTIC DEBT
dc.subject
DOMESTIC GAS
dc.subject
DOMESTIC SUPPLY
dc.subject
DRILLING
dc.subject
DRY GAS
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC FACTORS
dc.subject
ECONOMIC SECTORS
dc.subject
ECONOMIC STABILITY
dc.subject
ECONOMICS
dc.subject
EFFECTIVE ALLOCATION
dc.subject
ELECTRICITY
dc.subject
ELECTRICITY GENERATION
dc.subject
ELECTRICITY GENERATION CAPACITY
dc.subject
ELECTRICITY GENERATION MIX
dc.subject
ELECTRICITY TARIFFS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPLOYMENT
dc.subject
ENTREPRENEURSHIP
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTAL ISSUES
dc.subject
EQUALIZATION
dc.subject
EQUILIBRIUM
dc.subject
EQUIPMENT
dc.subject
EQUIPMENTS
dc.subject
EQUITY ISSUE
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE MOVEMENTS
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPLOITATION
dc.subject
EXPLORATION DRILLING
dc.subject
EXPORT COMPETITIVENESS
dc.subject
EXPORTER
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL DEFICITS
dc.subject
FEASIBILITY STUDIES
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MANAGEMENT CAPACITIES
dc.subject
FISCAL DEFICITS
dc.subject
FIXED COSTS
dc.subject
FORECASTS
dc.subject
FOREIGN INVESTMENT
dc.subject
GAS
dc.subject
GAS FIELDS
dc.subject
GAS OUTPUT
dc.subject
GAS PRICE
dc.subject
GAS PRODUCTION
dc.subject
GAS RESOURCES
dc.subject
GAS SUPPLY
dc.subject
GASOLINE
dc.subject
GDP
dc.subject
GLOBAL MARKETS
dc.subject
GNP
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT REVENUES
dc.subject
GROSS NATIONAL PRODUCT
dc.subject
GROSS REVENUE
dc.subject
GROSS REVENUES
dc.subject
GROWTH RATE
dc.subject
HOUSING
dc.subject
INCOME GROWTH
dc.subject
INCOME TAX
dc.subject
INDUSTRIALIZATION
dc.subject
INFLATION
dc.subject
INFRASTRUCTURE FINANCING
dc.subject
INJECTION WELLS
dc.subject
INTEREST COSTS
dc.subject
INTEREST INCOME
dc.subject
INTEREST RATE
dc.subject
INTERGENERATIONAL EQUITY
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTING
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT DECISIONS
dc.subject
INVESTMENT PROJECTS
dc.subject
INVESTMENT STRATEGIES
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MARKETS
dc.subject
LABOR PRODUCTIVITY
dc.subject
LAND PRODUCTIVITY
dc.subject
LAND SUPPLY
dc.subject
LAWS
dc.subject
LEGAL FRAMEWORK
dc.subject
LEVIES
dc.subject
LIQUIDITY
dc.subject
LNG
dc.subject
MACROECONOMIC CRISIS
dc.subject
MARGINAL PRODUCTIVITY
dc.subject
MARKET SHARE
dc.subject
MARKET VALUE
dc.subject
MARKET VALUES
dc.subject
MATURITY
dc.subject
MDAS
dc.subject
METROPOLITAN AREAS
dc.subject
MIDDLE INCOME COUNTRIES
dc.subject
MIGRATION
dc.subject
NATURAL GAS
dc.subject
NATURAL GAS LIQUIDS
dc.subject
NET OIL
dc.subject
OIL
dc.subject
OIL BOOM
dc.subject
OIL COMPANY
dc.subject
OIL EXPORTER
dc.subject
OIL EXPORTERS
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
OIL PRODUCTION
dc.subject
OIL RESERVE
dc.subject
OIL RESERVOIR
dc.subject
OIL SUPPLY
dc.subject
OILS
dc.subject
OPERATING COSTS
dc.subject
OPERATING EXPENSES
dc.subject
OPPORTUNITY COSTS
dc.subject
PEAK CAPACITY
dc.subject
PEAK OUTPUT
dc.subject
PEAK PRODUCTION
dc.subject
PER CAPITA INCOME
dc.subject
PER CAPITA INCOMES
dc.subject
PERMANENT INCOME
dc.subject
PETROLEUM
dc.subject
PETROLEUM RESOURCE
dc.subject
PIPELINE
dc.subject
POLITICAL ECONOMY
dc.subject
POPULATION GROWTH
dc.subject
POWER
dc.subject
POWER GENERATION
dc.subject
POWER STATIONS
dc.subject
PRESENT VALUE
dc.subject
PRICE FLUCTUATIONS
dc.subject
PRICE MOVEMENTS
dc.subject
PRICE SPIKES
dc.subject
PRICE VOLATILITY
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE INVESTMENTS
dc.subject
PRODUCERS
dc.subject
PRODUCT MARKETS
dc.subject
PRODUCTION COSTS
dc.subject
PRODUCTION RATES
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROFITABILITY
dc.subject
PROVEN RESERVES
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC GOODS
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC SPENDING
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL INTEREST
dc.subject
REAL INTEREST RATE
dc.subject
REAL INTEREST RATES
dc.subject
REAL WAGES
dc.subject
RECURRENT DEFICITS
dc.subject
RECURRENT EXPENDITURE
dc.subject
REGULATORY AUTHORITY
dc.subject
REMITTANCES
dc.subject
REPAYMENTS
dc.subject
RESERVES
dc.subject
RESOURCE ALLOCATION
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
RULE OF LAW
dc.subject
RURAL CREDIT
dc.subject
RURAL ELECTRIFICATION
dc.subject
SAFETY STANDARDS
dc.subject
SAVINGS
dc.subject
SCIENTIFIC KNOWLEDGE
dc.subject
SOVEREIGN BONDS
dc.subject
STOCK MARKETS
dc.subject
STREAMS
dc.subject
TARIFF STRUCTURE
dc.subject
TAX
dc.subject
TAXATION
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TELECOMMUNICATIONS
dc.subject
TIMBER
dc.subject
TOTAL COSTS
dc.subject
TOTAL REVENUE
dc.subject
TRADING
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
TRUST FUND
dc.subject
TURNOVER
dc.subject
UTILITIES
dc.subject
VALUE ADDED
dc.subject
WAGES
dc.subject
WEALTH
dc.subject
WELFARE GAINS
dc.title
Economy-Wide Impact of Oil Discovery in Ghana
en
okr.date.disclosure
2010-03-01
okr.doctype
Economic & Sector Work :: Policy Note
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2009/11/11888962/ghana-economy-wide-impact-oil-discovery-ghana
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Finance and Markets
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20100302225951
okr.identifier.internaldocumentum
11888962
okr.identifier.report
47321
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/03/02/000333037_20100302225951/Rendered/PDF/473210ESW0P1121IC0disclosed03111101.pdf
en
okr.region.administrative
Africa
okr.region.country
Ghana
okr.sector
Industry and trade :: General industry and trade sector
okr.sector
Finance :: General finance sector
okr.sector
Agriculture, fishing, and forestry :: General agriculture, fishing and forestry sector
okr.sector
Energy and mining :: Oil and gas
okr.sector
Public Administration, Law, and Justice :: General public administration sector
okr.sector
Agro-industry, marketing, and trade
okr.theme
Rural development :: Rural markets
okr.theme
Public sector governance :: Managing for development results
okr.theme
Economic management :: Macroeconomic management
okr.theme
Trade and integration :: Export development and competitiveness
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
Economic Theory and Research
okr.topic
Environmental Economics and Policies
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Macroeconomics and Economic Growth
okr.topic
Environment
okr.unit
AFT: PREM 4 (AFTP4)
okr.volume
1 of 1

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