How many states does Ghana have oil

Ghana's Oil: ExxonMobile and the US military position themselves

The MoU (Memorandum of Understanding) was worked on behind closed doors for over eight months before the declaration of intent was then signed by the Ghanaian parliament. The deal provides for deeper military cooperation between the West African state of Ghana and the United States. The opposition demonstratively left parliament during the session, and sections of the civilian population are also resisting what they see as the start of the establishment of a US military base in Ghana.

In return for duty and tax exemption, access to all Ghanaian military facilities, the entire Ghanaian telecommunications network and, among other things, the provision of an area near Kotoka Airport in Accra, the USA has pledged Ghana 20 million US dollars for military purposes.

In this context, mistrust is also generated by the fact that Ghana is now about to exploit its own oil reserves off the domestic coast after a dispute over the corresponding sovereign rights with its neighbor and arch-rival Ivory Coast was decided in favor of Ghana.

At the end of March 2018, it was also announced that the Ghanaian government had signed a contract with the US company ExxonMobile for oil production in the Deepwater Cape Three Points oil field. The Ghanaian energy minister Boakye Agyarko justified the fact that the US oil company was awarded the contract as follows:

This informed government decision to negotiate with ExxonMobile rather than launch a public tender is because most oil companies have trouble drilling to depths of 2,000 to 4,000 meters.

more on the subject - Ghana: Thousands protest against US $ 20 million deal

The minister is convinced that a partner like ExxonMobile would lure more oil companies into the country in order to exploit the full potential of the alleged oil fields. Agyarko also stated that he was convinced that the oil deal was "in the best interests of the nation". The Ghanaian Defense Minister Dominic Nitiwul had used the same words to legitimize the signing of the military declaration of intent with the USA in front of the suspicious population.

Observers and sections of the population see US interests in Ghana as a disastrous development for their country.

US Gov't: Ghana is too peaceful and we don't like that. Boko Haram: Our services are available. Just set up a base there. US Gov't: More Oil discoveries in Ghana and we have to find a way to steal some. Exxon: No problem. We've already signed an agreement with Ghana.

- Selorm Romeo ™ 🇬🇭 (@selorm_romeo) March 23, 2018

Not least because of the fact that experience is still the best teacher. For example, the author and historian Gerald Horne points to the fact that the bearer of hope, pan-Africanist and first democratically elected president of the independent Ghana, Kwame Nkrumah, was overthrown with the help of the USA and in particular the CIA.

This was a fundamental and momentous interference in the internal affairs of Ghana that many residents of the country have not forgotten to this day. According to the historian, many of them are now taking to the streets against deepened military cooperation with the United States. The analyst Lawrence K. Freeman expressed the view:

I think the Trump administration's policy on Africa, which relies primarily on security and military capacity development, is utterly flawed. Nor is it suitable for solving the problems with terrorists and the violent extremists in West Africa. I also think that this policy has not worked in the past and will not work now. Instead of helping African states develop their economic strength by investing in infrastructure, the US has increasingly relied on military-kinetic warfare.

As far as the oil deal is concerned, it does not seem to be a win-win situation so far. According to information from the news portal Ghanaweb Exxon will receive 80 percent of the shares in the joint project, the Ghanaian company Ghana National Petroleum Corporation will receive 15 percent, and an unnamed local partner will receive a further five percent. According to the report, drilling will begin later this year.

Author and historian Horne explains the connection between oil production and US military ambitions. In his opinion, the US oil companies want their own investments in West Africa to be secured by their own military, which also includes a stronger presence in Ghana. In this context, the growing economic and financial dominance of China on the African continent also play a role. The United States would have nothing to counter this:

The US is unable to keep up financially and economically in Africa with China, "said Horne.

There is one area where they are way ahead of the Chinese - when it comes to spending on their military budget.