Financial Times FT.com

Oil & gas: Finds put Ghanaians on a roller coaster of expectations

By William Wallis

Published: December 3 2009 16:00 | Last updated: December 3 2009 16:00

The humble cocoa pod receives scant attention these days. All the talk in Ghana is of oil. In the second half of next year – if $3bn development plans keep to schedule – Ghana will begin pumping 120,000 barrels a day of crude.

Revenues from the most advanced in a string of offshore discoveries, the Jubilee field, will quickly surpass the foreign exchange earnings harvested by hundreds of thousands of smallholding cocoa farmers.

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