SEE IT! SAY IT!! SEIZE IT!!!

GHANA AND ITS OIL AND GAS FISCAL REGIMES: A CASE OF BAD DEALS SIGNED. Article 257 Clause 6 of the 1992 Constitution of the Republic of Ghana states that “every mineral in its natural state in, under or upon any land in Ghana, rivers, water course throughout Ghana, the exclusive economic zone any area covered by the territorial sea or continental shelf is the property of the Republic of Ghana and shall be vested in the President on behalf of, and in trust for the people of Ghana.” This simply means that Ghanaians are the sovereign owners of the natural and mineral resources, and for that matter must derive maximum benefits from their exploitation no matter who exploits them. But after losing to mining companies for over 150 years of modern mineral production (not to mention the almost 500 years of looting, theft, pillage and plunder), Ghana is on its way to lose again on its new found oil and gas, because of bad oil and gas deals or contracts it entered into with Foreign oil Companies