Kwami Ahiabenu,II Knowledge Chief

When the oil sector in Ghana and Uganda are well managed, the revenue generated would be major contributions to both economies, a Senior Geophysicist of the Ministry of Energy and Mineral Development in Uganda, has said. Mr Bernard Ongodia however warned of many dire consequences that might affect the two emerging economics should they ignore to take measures to manage the sector. Addressing journalists at an ongoing training programme in oil and gas reporting being held in Kampala, Mr Ongodia said Uganda which discovered oil in 2006 had not started producing the product because it had taken time to put the necessary infrastructure and institutions as well as other mechanisms in place before embarking on production. Ghana which discovered it oil finds in 2007 on the other, started the production before putting in place other major infrastructure and frameworks. The 10-day training is being organised by Ghana based Penplusbytes, an International...