Younger Generation Of Ghanaians Will Never Allow Their Nation's Hydrocarbon Wealth To Enrich Fatcat Shareholders Of Foreign Oil Companies!

Quote: "President Kufuor noted with satisfaction the increased level of contact and co-operation between Ghana and the Caribbean state. Recently, Ghana's Minister of Energy travelled to Trinidad and Tobago, which has been in the oil production business for more than 100 years, to study how it has been managing its oil resources." - Accra, Nov.3, Ghana News Agency)

Our political class - across the spectrum - apparently doesn’t get it: The younger generation of Ghanaians, who, thank God, don't think in terms of tribe and party, because they do not have the narrow worldview of the older generation of "My-party-my-tribe-right-or-wrong" myrmidon-types so preponderant in the older generation of Ghanaians, want Ghana, not the fatcat private shareholders of foreign oil and natural gas companies living in the wealthy nations of the West, to benefit from Ghana's hydrocarbon wealth.

They see our finite and exhausting hydrocarbon resources as Ghana's last opportunity to transform itself into Africa's equivalent of the egalitarian societies of Scandinavia.

Consequently, they have no intention of allowing the business as usual scenario, in which men and women, afflicted with the slave-mentality one sees driving so many of Ghana’s educated urban elites, who are the lackeys of Western capitalism and stooges for neo-colonialism to compete amongst themselves to see who can bend over backwards the most, to empower foreign carpetbaggers to enable them get hold of our nation's wealth, in the name of “private-sector led growth” and so-called “foreign direct investment” (read: gang-raping mother Ghana, with foreign “friends-with-benefits”!), to be played out yet again, in the exploitation of our oil and natural gas deposits.

Whiles those with the slave-mentality, the lackeys of Western capitalism and stooges for neocolonialism amongst our political and business elites work hard day and night to collaborate with foreigners, whom they move heaven and earth to provide an enabling environment for, the younger generation of clued-on Ghanaians in all fields of human endeavour, amongst them, some of our very well-educated young military officers with a social conscience (rather than the “grab-all-the-wealth-you-can-whiles-you-can” mentality of some senior officers - including some top commanders - according to the bush telegraph: not poor old me!), are also working hard day and night, towards the new 5th Republican era.

In that new era of true and genuine democracy, one based on the real freedoms of ordinary people and their right to a safe, secure and happy existence (including the right to benefit in practical, “good-quality-of-life” terms from all of Ghana’s wealth) in the land of their birth, Ghana, Ghanaians will look to using the approach of nations like Venezuela under President Hugo Chavez (not to the lackeys of Western imperialism in the Caribbean!), for the most effective formula in maximizing value from Ghana’s oil and natural gas deposits.

They are completely fed up with the one-sided arrangements of the past, which have seen our gold, diamonds, manganese and other natural resources go to benefit foreigners, whiles we pick up the crumbs, and have to deal with the environmental consequences of the "free-for-all” wealth creation opportunities we open up for foreign commercial entities given leave to plunder our natural resources, at will.

Their preferred business model is a state-to-state one, in which the Ghanaian and Chinese governments agree that there will be joint-ventures between their state-owned hydrocarbon entities.

Thus the Ghana National Petroleum Corporation (GNPC) will have a 70 per cent stake with the best-resourced of the Chinese state-owned oil and natural gas companies having a 30 per cent stake - and provide all the working capital (and at all material times, actively make technology transfers, to GNPC and its staff!). Ghana will in turn issue sovereign bonds to the government of China in lieu of paying its share of working capital upfront.

Those young Ghanaians are even prepared to die, if necessary, to fight to ensure that this windfall and gift from providence is used solely to transform Ghanaian society.

They want to transform Ghanaian society from the present “dog-eat-dog” selfishness, in which the crooked and the politically well-connected thrive (and have the gall and effrontery to insult those without opportunity: by calling them “lazy” and “envious”!), whiles the rest of society is progressively impoverished, into Africa’s equivalent of the Scandinavian societies of Denmark, Sweden, Norway and Finland.

They simply do not want our oil and natural deposits, to turn Ghana into a nation of a thousand family clans who are dollar-billionaires and 25.9 million impoverished family clans. Debi da - embasu da ewo Ghana ha sei!

So let the lackeys of Western capitalism and the stooges for neo-colonialism join hands, and work hard day and night deluding themselves that their special purpose offshore companies are in for boom times - and work even harder still creating the enabling environment for their collaborators (the foreign capitalist entities and sundry foreign front-men and women who are their secret business partners in those opaque offshore joint-ventures in tax havens around the world - including the Caribbean!).

In spite of their best efforts, Ghana will never become another African tragedy like Nigeria, in which a few super-wealthy Ghanaians benefit from their collaboration with foreigners to exploit our hydrocarbon resources, for their mutual benefit.

Let the few powerful crooks amongst our leaders and Ghana’s educated urban elites, take notice. They had better revise their notes quickly - for, the 5th Republican era is on the horizon: and good, honest, principled, decent-minded and patriotic Ghanaians are also working pretty hard day and night, to help usher in that era of real democracy and a just and fair society for all Ghanaians - Africa’s equivalent of the Scandinavian societies!

Hmmm Ghana, enti ye ewiaye paa enia? Asem ebaba debi ankasa! May God bless and protect our homeland Ghana, always. Long live freedom! Long live Ghana!