The Development Co-operation Report is the key annual reference document for statistics and analysis on trends in international aid. This year, the Development Co-operation Report 2012 seeks to provide insights into how to address today’s sustainable development challenges, with a focus on inclusiveness and good governance to ensure that our finite resources are equitably distributed, now and in the future.
Sharing finite resources among a growing number people – and consumers – is a critical challenge. It is in this spirit that J. Brian Atwood, Chair of the OECD Development Assistance Committee (DAC), invited several intellectual leaders on the challenges of inclusive, sustainable development to contribute to this year’s report.
- 13 Nov 2012
Breaking the mineral and fuel resource curse in Ghana
- Heikki Holmås, Joe Oteng-Adjei
In many countries, wealth in oil, gas, diamonds, gold and other minerals can be a curse rather than a blessing. When poorly managed, such natural resource wealth can result in poor economic performance, weak and unbalanced growth, poverty, conflict, environmental damage, and ineffective or authoritarian rule. In this chapter, the authors argue that the resource curse is not, however, inevitable. They provide a detailed account of how co-operation between Norway (a country with four decades’ experience of managing large oil reserves) and Ghana has helped the African country to manage its oil for the benefit of the population as a whole. Drawing on the experience of Norway’s Oil for Development programme and its principles of good governance, Ghana is striving to ensure economically, environmentally and socially responsible management of its petroleum resources. The Ghanaian government has focused on developing and improving relevant legislation, establishing and developing institutions, and building competence. Twinning arrangements between public sector institutions in Ghana and their sister institutions in Norway have ensured continuity, sustainability and a holistic approach. Placing emphasis on the principles of transparency, accountability and anti-corruption, the experience offers practical lessons that can prove useful for other countries.