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News Review for Monday 16th October,2017: Ghana, Cote d’Ivoire to inaugurate joint Commission for ITLOS ruling implementation

Welcome to another productive week. Last week ended with series of discussions which was centered fuel and gas station safety.

Today, the Accra-based media house, Classfmonline reported “Ghana, C. d’Ivoire to inaugurate ITLOS body”. According to the news portal, the President of the Republic of Cote d’Ivoire, His Excellency Alassane Ouattara, will from today, Monday October 16, 2017, begin a 2-day Official Visit to Ghana. The purpose of the visit is to deepen further the already strong relations that exist between the two countries, as well as explore other areas of co-operation to their mutual benefit.

Also the state owned news portal, Graphiconline reported “Gov’t asks investors for $2.5 billion to clear energy sector debts. They further explained the government is on a roadshow to raise $2.5 billion through a bond issue to clear arrears owed banks by state-owned electricity and petroleum utility companies. This was revealed by a deputy Minister of Information, Mr Kojo Oppong Nkrumah explaining that the transaction advisor and Temple Investment, had done a lot of work in the background to whet investors’ appetite for the country’s energy bond. Graphic online also reported “TOR dismantles furnace to pave way for replacement”.

Furthermore, the Business and Financial Times newspaper has disclosedTullow Oil signs exploration contracts offshore Ivory Coast”. Tullow Oil has signed four production-sharing contracts in Ivory Coast, with an initial investment of US$21million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration in four different blocks offshore, Bruno Kone said after a cabinet meeting. A Tullow spokesman declined to comment on the announcement.

Again, Citifmonline on Monday reported,“Low training of Ghanaians in oil industry worrying”. According to the media house, stakeholders in Ghana’s Oil and Gas industry have bemoaned what they say is the low level of investment in the training of personnel in the sector. According to them, government has done little to increase local participation in the sector despite the implementation of the Local Content Law which seeks to promote the maximization of value addition and job creation. Also coming from the Citifmonline, “Fuel stations to undergo electrical wiring audit” The Energy Commission is set to launch an audit of all electrical wiring at the various fuel stations by the end of this month [October]. The move is among others to ensure compliance by the various fuel stations with the mandatory ten year audit of all electrical wiring systems.

In other related news, the print media reported the following :

  1. Gas Safety Protocol Was Not Followed In Discharge Of Lpg At Atomic Junction In The Daily Graphic,  On Page 16
  2. Gas Explosion Claim 7 Lives; 132 Injured Daily Graphic,  On Page42
  3. Blood On Their Hands; Npa, Omcs, Epa, Police Are Killing Us Daily Graphic On Page 53
  4. The Atomic Junction Gas Explosion An Expensive Warning Daily Graphic On Page 59
  5. Epa, Npa Must Act To Stop Needless Gas Explosions-Ies Daily Graphic,  On Page 85
  6. Oil Tor Dismantles Furnace To Pave Way For Replacement Daily Graphic,  On Page 87
  7. Electrical Regulations Enforcement Begins- Energy Minister Daily Graphic,  On Page 87
  8.  Gov’t Asks Investors For $2.5 Billion To Clear Energy Sector Debts Daily Graphic On Page 89
  9. Punish Those Who Break Laws On Lpg – Ghana Institute Of Management Daily Graphic  Page 89

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