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Ghana to lend technical support to Guyana’s oil industry

Ghana to lend technical support to Guyana’s oil industry
President of Guyana Irfaan Ali. (GP)

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GEORGETOWN – The West African nation of Ghana will soon be lending technical support to Guyana in the areas of local content, the sovereign wealth fund (SWF) or oil money legislation, as well as the highly-anticipated gas-to-energy development.

This was announced by President Irfaan Ali who was speaking during a press conference on Friday.

He said that the first phase of a technical team from Ghana that should be arriving early in the coming month, will comprise of Chief Executive Officers (CEOs) and experts in the oil and gas field, and will immediately begin working with Guyanese counterparts.

“It is also expected that the Vice President of Ghana will be visiting Guyana this year, and it is anticipated that the President of Ghana will participate in the oil and gas conference set for 2022,” Ali said.

In addition, the Head of State indicated that a team of investors will be visiting Guyana to establish partnerships with local counterparts in various investment opportunities. The investors from Ghana’s private sector, Ali said, have various areas of interests including agriculture, mining, tourism, and food production.

“We’re hoping that the local private sector can actively participate and create the environment for this partnership to prosper.”

Earlier this month, Vice President Dr Bharrat Jagdeo led a delegation to Ghana and met with President Nana Akufo-Addo and Vice President, Dr Mahamudu Bawumia.

In September, during the opening of the general debate of the 76th United Nations General Assembly, Presidents Ali and Akufo-Addo met and discussed several matters of mutual interests, including oil and gas, climate change and the environment, capacity building and training.

Both engagements were aimed at fostering enhanced cooperation between the two oil-producing states. (CMC)