Ghana oil refinery breakdown a symbol of economic woes

April 10, 2015 7:07 AM

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Ghana oil refinery breakdown a symbol of economic woes

ACCRA (Reuters) - When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.

The discovery of oil in Ghana in 2007, added to its gold and cocoa wealth and its other major asset, stable democracy, gave it a chance to start catching up with oil giant Nigeria and regional West African economic powerhouse Ivory Coast.

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