Strong Ghana

The abundance of rich minerals, if governened in a constructive manner, should open up opportunities for countries in Africa to accumulate economic change. Yet, today the benefits are mostly shared by private corporations through open market policies that have walked hand in hand with the SAP's. The race between old and new industries to control mineral resources, increasing demand, has put a big strain on the sector. Still, and fortunately, increasingly joined efforts are being made by African national and regional organisations to reform and regulate the mining sector in order to secure public share, including additional value. This does call for strong governance, capable of restraining neo-liberal pressure from outside. The problem seems to be financial capabilities to invest in the mining sector. Yet Ghana has already found alternatives to foreign aid and in smaller extent FDI. Domestic resource moblization in Ghana has led to an increasing share of GDP comes from government revenues. A development that should be used for public spenditures accumulating domestic economic growth. This doesn't mean government should regulate the whole economy. Yet investments in the right institutions could help to make the market work more efficiently. Little stepts can be made to prevent resource value to flow out of the country. In a time when natural resources become scarcer, countries such as Ghana, should obtain the stronger position!