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Don't Save Oil Money.
Byline: Basiru Adam
Dr. Nii Moi Thompson, an economist, has said that he is not a "fan" of the Heritage Fund, one of the three streams in the utilization of the expected oil revenue, which, in the main, is to "provide a heritage for future generations of citizens from savings derived from excess revenue."
Speaking at a Civil Society Forum on Oil and Gas, the renowned economist argued that in the midst of countless developmental challenges, it would be better to invest in infrastructure and the social sector, adding that future generations stand to benefit from the investments the country makes today.
Dr. Nii Moi Thompson did not also see anything wrong with mortgaging future oil revenues for today's needs. After all, he argued, even the ongoing Bui Dam project is being funded partly by mortgaging cocoa proceeds.
What Ghana …
