|Consultation Forum On Petroleum Revenue Management Held|
|Wednesday, 10 March 2010 09:49|
Ms. Betty Bosomtwi-Sam, Deputy Western Regional Minister, yesterday called on traditional authorities and other opinion leaders to develop a blueprint that can take advantage of the oil and gas discovery in the area.
She expressed the need for the region to position itself to benefit from the oil and gas discovery in the area.
Ms. Bosomtwi-Sam made the call at a day's Regional Consultative Forum on Ghana's Petroleum Revenue Management organised by the Ministry of Finance and Economic Planning and the Regional Co-ordinating Council in Takoradi in the Western Region.
The forum was attended by a number of people including members of the Metropolitan, Municipal and District Assemblies, traditional rulers and businessmen.
Ms. Bosomtwi-Sam noted that the region has nothing to show in terms of good roads, potable water, educational and health facilities and quality human resources despite its numerous natural and mineral resources.
She expressed the hope that the oil companies will demonstrate commitment to partner the government in developing local entrepreneurship in the oil industry.
Mr. Benjamin Kwame Asante, a geophysicist with the Ghana National Petroleum Company (GNPC), said that the Dzata Oil Well that Cote d’Ivoire is laying claim to, is in the country's territorial waters and the United Nations will help trash out the issue, adding, "there is no cause for alarm."
He said that since 2007, the country has made five major oil discoveries at the Jubilee, Odum, Sankofa, Tweneboa and Dzata fields.
Mr. Asante said that oil was discovered in the region at Cape Three Points Basin, which is about 65 kilometres from the land.
He said, the GNPC has planned to construct a gas processing plant estimated at ($1b dollars)one billion dollars that will be connected to the jubilee fields.
Dr. Joe Amoako-Tuffour, Advisor to the Ministry of Finance and Economic Planning, spoke on the "Use and Management of Oil and Gas Revenues."