Environmental Accounting, SEEA and Ghana's Emerging Oil & Gas Economy

As per the 'tragedy of the commons' derived from economic principles, which basically asserts that individuals or a group of individuals in advantaged positions will overuse or abuse resources that belong to a particular group, and for which they are not held responsible, the concern of the Ghanaian people is heightened when it comes to how effectively the new oil and gas resource will be managed to guarantee sustainability of the industry for the benefit of all. The chances of Ghana making an impact on the world upstream oil and gas frontier, lies in her ability to excel in the management of the new found natural resource. Such an effort will help to avoid the likelihood of the resource curse that has plagued other resource- rich African economies. This requires a strengthening of the institutions and regulations that govern the entire extractive sector. It is with this background and passion for the right thing to be done for sustainability of the new Oil industry for future generations that the author wrote this book.