Ghanas Oil Reserves: A Blessing and a Curse | Global 3000

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Oil was discovered along the coast of Ghana three years ago. Drilling is scheduled to begin in late October 2010.The state-run oil company, the Ghana National Petroleum Corporation, estimates that oil exports could bring in about $1.2 billion each year.

The money would fund efforts to modernize Ghana's economy - but many residents are doubtful they'll ever see any of those profits.

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