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Czech Republic Pledges To Support Ghana’s Oil Exploration

The Government of the Czech Republic has expressed its willingness to support Ghana to explore to the full, its oil and gas potentials. It also stands ready to provide the needed expertise to increase Ghana’s power generation capacity.

The country’s Deputy Foreign Minister, Mr. Hynek Kmonicek expressed these sentiments on behalf of the Czech government at a meeting with members of Ghana’s Parliamentary delegation currently on a four day goodwill visit to the Czech Republic.

Mr. Kmonicek observed that his country has been following closely efforts by the government and people of Ghana to improve the country’s economy. According to him he was particularly glad that the oil find will further strengthen the economic structures but was quick to add that proceeds from the find could only accelerate economic development if only sound management systems were put in place.

He recalled the Czech Republic has supported various countries to develop their energy potentials and therefore would not hesitate to provide the same measure of support to Ghana. The Deputy Foreign Minister used the occasion to call on Ghana’s Parliament actively involved in the drive towards attracting potential investors to Ghana.

He mentioned among others, areas such as double taxation, investment protection and the ratification of treaties. The speaker of Parliament, Rt. Hon. Joyce Bamford-Addo, who is at the head of the delegation called for closer cooperation between Ghana and Czech Republic to further strengthen the existing relations as this will eventually incur to the benefit of the people of the two countries. She also observed that visits of such nature were important in promoting peace and understanding across the globe.

The Majority leader, Hon. Cletus Avorka reiterated Ghana’s commitment to good governance and democracy. As the leader of the House he gave the assurance that Parliament would continue to work towards establishing investment friendly climate in Ghana.

On his part the Minority leader, Hon. Osei Kyei Mensah-Bonsu said regardless of the good intentions of the Executive, Parliament should always be involved in the process that would eventually lead to signing and ratification of agreements are finally brought to the House for approval.

Source: The New Crusading Guide

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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