Future of oil industry good – Ofori-Atta

Finance Minister Ken Ofori-Atta has said Ghana’s oil sector faces a brighter future following the good polices introduced by the Akufo-Addo-led government.

Presenting the mid-year budget review to Parliament on Monday, 29 July 2019, Mr Ofori-Atta said: “Mr Speaker, three months ago, I came here, together with my colleague, John Peter Amewu, to ask for approval for the amended Petroleum Agreement for AGM Petroleum in the South Deepwater Tano block.

"Since then, the Norwegian oil company has drilled two wells in the block – two more than the number of wells drilled under the previous administration.

“And, just two weeks ago AGM announced that they had discovered oil in an area called Blessing. This comes barely six months after Aker announced that it had discovered oil after a mightily successful drilling exercise in the Deepwater Tano Cape Three Points block, which was reported as the biggest find in Africa. The future is, indeed, brighter. All that I can say, Mr Speaker, is that we thank God for his blessings on Ghana,” he said

He added: “Mr Speaker, in line with our objectives for 2019, the government is implementing a number of programmes to revamp economic and social infrastructure to support industry, facilitate business development and deliver social services.

“Mr Speaker, our industrialisation and agricultural modernisation drive is on track and transforming Ghana. Our social protection and intervention programmes have seen major expansion and efficient gains.”