The President of the Republic, Nana Addo Dankwa Akufo-Addo, has reiterated the commitment of his government to the exploration and discovery of oil in commercial quantities onshore, specifically in the Voltaian Basin.
According to President Akufo-Addo, 17 years ago, during the presidential campaign of then candidate John Agyekum Kufuor, he gave a solemn pledge to the people of Takoradi, in the Western Region, that, if elected, his government will concentrate attention to discovering oil in commercial quantities.
“I believe God will be on our side once again under another NPP administration to strike more oil and gas. President J A Kufuor made it happen off shore. The focus now is also to explore opportunities on shore. That is why my government is committed to intensifying efforts towards the discovery of oil and gas on shore in the Voltaian Basin,” he said.
President stated that the commitment of the national oil company, Ghana National Petroleum Corporation (GNPC), to find oil and gas in the Voltaian Basin, is reassuring, and was delighted about this bold step.
“My government is totally committed to giving Dr K K Sarpong and his team all the support they need to make this happen. I have been briefed that all the necessary preparatory work has been done to commence initial seismic survey. Approval for the award of the contract for the seismic survey will be given soon,” he said.
President Akufo-Addo made this known on Thursday, July 6, 2017, after turning on the valves on the FPSO John Agyekum Kufuor to signal the formal production of oil in commercial quantities from the Sankofa oil and gas fields.
Gov’t outlines oil objectives
With the oil industry increasingly becoming an important contributor to the country’s economy, President Akufo-Addo indicated that the efficient management of petroleum resources and its associated revenues is a national priority.
By judiciously managing the country’s petroleum resource, he assured that government will ensure the welfare of its people, promote employment, improve the environment, and strengthen trade and industrial development in the country.
In accordance with the NPP’s 2016 Manifesto, President Akufo-Addo stressed that his government will ensure that the petroleum sector remains a significant contributor to financing nationwide industrial development, and thus generating resources that can be used for rapid development of national infrastructure, increasing agricultural productivity, accelerating job creation and for enabling a paradigm shift in the structure of the economy towards increased industrial value-added production.
Additionally, government, he stated, is laying the basis for continued development of the petroleum sector, by ensuring that our petroleum industry remains an attractive area for investment; and promoting linkages of the petroleum sector with other sectors of the economy, and avoiding the curse of the sector remaining an enclave.
Improving transparency in the management of the country’s oil and gas resources and strengthening the Public Interest Accountability Committee (PIAC) to enhance further transparency and accountability in the oil and gas sector, he added, is of the utmost importance to his government.
Government, he added, is developing, in collaboration with the private sector, the Western Region into a regional oil services hub with a first class port facility; and is aggressively investing in education and skills enhancement of Ghanaians to manage the sector through the “Accelerated Oil & Gas Capacity Development Programme.”
The accomplishment of these policy objectives, President Akufo-Addo added, “will help us fulfill our vision for the energy sector to become a modern, diversified, efficient, and financially sustainable ‘Energy Economy’ that will ensure that all Ghanaian homes and industries have access to adequate, reliable, affordable and environmentally-sustainable supply of energy, to meet their needs and to support the accelerated growth and development we all desire for the country.”
Source: Peacefmonline.com/Ghana
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How legal are admission practices of our public universities? Universities funded by tax payers money must ensure equitable access for all. In light of this the Chief Justice and Akufo-Addo must answer the question: "Are protocol admissions legal?".
@ Atta Mensah, what hard work did the NDC do? It is unfortunate that some of you people do not ever want to learn. The NDC was on the path of pushing Ghana to total annihilation and you say that is hard work? At best you are not serious, at worst you do not know what you are saying, so may the Omnipotent forgive you
Akufo Ado's Administration stands poised for doing things differently, thus, not following the Status quo of doing things as per the order of our post Independent era. Then, by adopting and repeating same, we cannot, definitely expect different results which would put our youth in meaningful employment to improve their livelihood and sustain it for the future generation.Visionary Leadership is the key and I believe so much, that President Akufo Ado embodies such quality.
i am proud to be Ghanaian. O Lord please give us more oil and gas discoveries because only You give the Oil and the Gas. Most importantly NANA ADDO DANQUAH AKUFFO ADDO please fight for the Local staff of the oil and gas companies. the difference between exparts and Locals are 100x wide. Also please tell them to go further with Sustainability Development projects to create more jobs and improve the economy WE TRUST YOU AND WE TRUST GOD WILL USE YOU MIGHTLY.
Ghana is on the greatest and fastest path yet, to progress and prosperity under the focused, determined and visionary NPP govt led by President William Nana Addo Dankwa Akufo Addo of the Republic of Ghana. The NPP has had the blueprint for Ghana way before independence, fact.
O1uman be that...
Thanks for the NDC hard work
Woow!This is visionary leadership,long live Nana,God bless Ghana.