The Energy Minister, Boakye Agyarko has told investors at the just ended 24th Africa Oil Week in Cape Town, South Africa that Ghana is the most stable and receptive country for investment in the upstream oil and gas sector in the West Africa sub region.
The Minister was among five Ministers in the Oil & Gas sector representing Nigeria, Côte d’Ivoire, Namibia, Mali and Ghana on the Ministerial Panel Discussion on ‘Attracting Operators and Investment’ at a forum held on 24th October 2017 as part of the 24th Africa Oil Week.
Mr Agyarko reiterated government’s target of making Ghana the most business-friendly country on the continent he was citing the unparalleled stability of Ghana’s political framework as a feather in the cap,. The Minister told the audience, we want to repeat the success of the Jubilee Field at the time of discovery by pursuing a regime of aggressive exploration and development”.
Minister said that the passage of the Petroleum (Exploration and Production) Act, 2016; Act 919, has established a foundation for a clear and transparent environment to promote investments in the industry through bidding rounds.
Agyarko told the conference that clarity has also been brought to upstream oil and gas sector of Ghana by the settlement in September of the maritime border dispute with Côte d’Ivoire.
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