German President advises Ghana on use of oil wealth

The President of the Federal Republic of Germany, Dr. Horst Koehler, has urged Ghana to use the country’s oil wealth as wisely as the country has pursued issues of politics and democracy which has won the country great commendations globally.

In a letter to the government and people of Ghana on the occasion of the country’s 53rd Independence Day anniversary, the German President wrote, “allow me to offer you and the Ghanaian people my sincere congratulations and those of my fellow Germans.”

He said, “this year the anticipated start of oil production will present your country with welcome eco­nomic opportunities. In common with all friends of Ghana, Germany is relying on the Repub­lic to set the same standards in the use of this valuable resource as it has already established with respect to issues of politics and democracy.”

Commercial production of oil, which was discovered in June 2007 is expected to begin in the latter part of 2010.

By Emmanuel K. Dogbevi

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