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Ghana’s Care for Its Oil And Gas Resources Good

The Omanhene of New Juaben Traditional Area, Daasebre Oti Boateng, has stated that the many conferences that have been held and continue to be held on Ghana’s Oil and Gas Industry is an indication that Ghana really cares about how its oil and gas resources are managed.

He noted, however, that the discovery of oil and gas in Ghana could either be a blessing or a curse depending on how it is managed.

Speaking at a seminar in Accra on “Empowering the youth for the Oil and Gas Industry” Daasebre Oti Boateng, who is also the President of the Eastern Region House of Chiefs, noted that with the recent oil Find in Ghana, the general context of the economy was one of enormous thirst for development and high expectation for employment, especially among the youth.
He said Ghana was in the process of making policy choices which would have the potential of shaping economic growth and the development of the country for years to come.
Daasebre Oti Boateng then asked the fundamental question of how Ghana, which has been traditionally a major exporter of commodities such as cocoa, gold, diamond, timber and others, could now optimally use the oil and gas resources to ensure sustainable development of the country as a whole.

Answering the question, he said first it was necessary to ensure that the oil and gas resources were efficiently and transparently managed in order to ensure equitable distribution and effective utilization of the accrued revenues.

Secondly, the Omanhene was of the view that the oil and gas industry must be properly integrated with the rest of the economy by the creation of vital linkages with the other sectors to ensure optimal national development.

Daasebre reiterated that the oil and gas industry required highly trained and skilled human resources at various levels to operate efficiently and effectively.

Source: Daily Graphic

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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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