Our oil blocks are ready to be tapped – Energy Minister to investors in London

Energy Minister, Dr. Matthew Opoku Prempeh has called on investors in London to take advantage of the numerous opportunities in Ghana’s upstream petroleum industry.

Dr. Prempeh who leads the Ghanaian delegation is seeking to put on show six (6) available oil blocks for massive investment which are the Deep Water Cape Three Points Block, Offshore Cape Three Points South Block, Shallow Water Cape Three Points Block and Southwest Saltpond Block.

It also includes the Expanded Shallow Water Tano (ESWT) Block, and Offshore Cape Three Points South (OCTPS) Block

Speaking at a strategic roadshow event at the Cavendish Conference Centre in London, Dr. Prempeh said told investors that Ghana has four Sedimentary basins of significance to oil and gas namely; Western, Central, Eastern and the Voltaian.

He explained that the Western basin has Ghana’s three actively producing deepwater oil and gas fields adding that the Voltaian basin is situated onshore while the remaining two are largely offshore.

“Most parts of the offshore basins are open for E&P activities. GNPC is currently exploring the Voltaian Basin to establish its prospectivity, following which the basin will be open to investors” the Energy Minister said.

Dr Opoku Prempeh also told investors that the Jubilee Field became Ghana’s first commercial deepwater discovery which further deepened the interest in deepwater exploration in the country.

“Having fast-tracked the development of the Jubilee Field, first commercial oil production commenced in December 2010, barely 40 months from discovery” he added.

He continued, “two new fields (Tweneboa-Enyenra-Ntomme (TEN) Field and Sankofa – Gye Nyame Field) have since been brought onstream for production in 2016 and 2017 respectively. The three producing (3) fields currently provide an average daily production of about 150,000 bbl/d from a peak production rate of approximately 200,000 bbl/d.”

“Three of the six available blocks are available for farm-in opportunities. These are Expanded Shallow Water Tano (ESWT) currently operated by Base Energy Ghana Limited, Deep-Water Cape Three Points (DWCTP) originally operated by ExxonMobil, but now operated by Goil Upstream Limited. The third of these is the Offshore South-West Tano, operated by OSWT & EK Operating Company Limited” he explained.

He also told investors about Ghana’s stable political and business climate, a highly prospective sedimentary basin with its commensurate high exploration success rate, its guaranteed and attractive fiscal terms, and the well-defined legal and regulatory framework.

Dr. Opoku Prempeh also highlighted the availability of existing architecture to support infrastructure-led exploration, which shortens the time between exploration and production.

He thus urged investors to find in Ghana a friend and partner.

Meanwhile, the Energy Ministry in September 2022 led similar road shows in Houston and Aberdeen as part of efforts to position Ghana’s upstream sector strategically for the needed investment.

Source: Ghana Web

Kofi Kapito predicts a win for Kyerematen in NPP primaries

Chief Executive Officer of the Consumer Protection Agency, Kofi Owusu Hene popularly known as Kofi Kapito has predicted a win for Alan Kyeremanten in the New Patriotic Party’s (NPP) primaries.

Speaking on the GTV Breakfast Show, Kofi Kapito said the former Minister of Trade and Industry has a great chance of winning the NPP primaries.

“Kyerematen has a very great chance because he’s played ball within the party. He’s shown that he is a unifier, affable, and able to do. He also mentions some of the challenges that the current government is facing and him being part of it, he has acknowledged it but he says he has a way of making things better”, he explained.

He made this statement in response to a televised broadcast of Alan Kyerematen’s official announcement of intent to contest as a presidential candidate in the 2024 elections on January 10, 2022.

Alan Kyerematen, in his speech, outlined a seven-point plan dubbed the Great Transformational Plan.

These include a strong macroeconomic environment, a new agricultural revolution, industrial transformation, accelerated infrastructure development, and digital mainstreaming.

Kofi Kapito called on Ghanaians to be patient with Alan Kyerematen and test his ability to deliver.

” Just like the way a lot of people have faith in other people that when they are given the opportunity, they disappoint. Let us see how he would also fare. “It is too early,” he said.

Source: Ghana Web

MP supports about 150 needy students with GH¢200,000

The Member of Parliament (MP) for the Asuogyaman Constituency, Thomas Ampem Nyarko has given support to about 150 needy students in his constituency.

The Member of Parliament, who was re-elected for a second consecutive term as MP for Asuogyaman Constituency issued a check of GH¢200,000.00 to support the students.

According to a report on Atinka Tv, beneficiaries of the MP’s philanthropy include Senior High School graduates and students at the tertiary level who are finding it difficult to pay their fees. The report further explained that the support covers both tuition and hostel fees.

Thomas Ampem Nyarko also requested tertiary institutions to be considerate sometimes and consider the ability of students to pay for their fees.

“I know that every university’s wish is to have enough funds to enable them run and provide good education but it is necessary to also look at all sides’ ability to pay fees, which is also very important. So, they should take it in good faith and be considerate,” he stated.

The MP further expressed joy about the government’s directive to all universities to refund overcharged fees to students.

“It is refreshing to know that government has directed heads of universities that charge fees exceeding what has been approved by government to return the surcharges to the students. It is very necessary because looking at the hardship in Ghana, we need to be considerate”.

Some of the students at the meeting also expressed their gratitude towards the Member of Parliament for his kindness.

“If the Member of Parliament had not decided to support us financially, I doubt I would have been able to go to school this year,” one of the beneficiaries said.

Source: Ghana Web

NPP flagbearership: Be careful who you follow – COKA cautions party faithful

Former Afigya Kwabere South Chairman of the New Patriotic Party, NPP, Odeneho Kwaku Appiah aka Coka has warned the party faithful about the candidate they have decided to support ahead of the party’s flagbearership contest.

Many party members have thrown their support to some candidates such as Alan Kyerematen, Dr Mahamudu Bawumia and Kenedy Agyapong as they prepare to contest for the NPP’s flagbearership ahead of Ghana’s general polls in 2024.

COKA argued that every party member has his or her preferred candidate, and all should be extra careful about who to follow because, in Ghanaian politics, the person you support determines your future…”

Odeneho made the statement on his Facebook page, adding that the NPP members should abstain from verbal assaults in their quest to clinch power for their candidates.

“Support your candidate without any insults, but remember, football is played in divisions.”

He added that internal politics in the country is very dangerous because it has “ended some people’s political career, created permanent enemies for some, and others have lost their friends forever. While some people have left the country for good, others are under ‘house arrest’ because they’re barely seen at events.”

As a result, it is better for each supporter to cling to the one who fights for you when the going gets tough

Read the full post below;

One thing that l have learnt in Ghanaian politics is that the person you support determines your future in politics. Internal politics in Ghana has ended some people’s political careers and created permanent enemies for some, and others have lost their friends forever. While some people have left the country for good, others are under ‘house arrest’ because they’re barely seen at events.

Internal politics in Ghana is extremely dangerous. Some people pretend to be holier than the Pope. It’s better to cling to the one who “fights” for you when the going gets tough. President Akufo Addo is a good example.

He knows how to support, promote, care for, protect, defend, and fight in times of trouble. Let’s learn from history. How can you be a member of a political party and not support the leader?

Support your candidate without any insults, but remember, football is played in divisions. Stay safe. Coka, l care.

Source: Ghana Web

Paul Twum Barimah tops as best first time MP

The Member of Parliament for Dormaa East, Paul Apraku Twum Barimah, has been adjudged the best first-time Member of Parliament in 2022.

Watch Parliament, a civil society organization, recognized the outspoken member of parliament for his in-depth, researched works, contributions at committee meetings, valuable contributions on the floor of parliament as a first-timer, and intelligent publications in print media and analysis.

His selection was also based on his contributions to the electronic media on national issues regarding oil and gas, mining, industry, energy, finance, security, and agriculture. His performance comes as a surprise to many when he does not even have a ministerial post to add to his duties.

Paul Twum Barimah was chosen as the best among his peers in a survey conducted by Watch Parliament on some Ghanaian technocrats and artisans who are familiar with parliamentary procedures.

He was followed by the Honourable Samuel Abu Jinapor, Member of Parliament for Damongo, and Minister for Lands and Natural Resources. The Member of Parliament for Nhiaeso, Hon. Dr. Stephen Amoah, placed third. The MP for Kwadaso, Honourable Dr. Kingsley Nyarko, placed 4th, followed by the Member of Parliament for Karaga, Mohammed Amin, who placed 5th.

The Member of Parliament for Techiman, Martin Agyei Mensah Korsah, placed 6th, followed by Hassan Tampuli, MP for Gushegu (7th), Alexander Akwesi Aquah, MP for Akim Oda, placed 8th, and Vincent Ekow Assafuah, old Tafo, and Francis Asenso Boakye, MP for Bantama, placing 9th and 10th, respectively.

His contributions to national issues on the floor of parliament have been described as extraordinary by parliamentary monitors, especially for a first-timer who should have been studying the trend in his first term in parliament.

Paul’s outstanding performance in Parliament stems from his immediate association with some notable and experienced members of parliament like Honourable Alexander Afenyo Markin, Deputy Majority Leader, Majority Chief Whip, Honourable Frank Annor Dompreh, Majority Leader, and Honourable Osei Kyei Mensah Bonsu, which has fast-tracked his immediate rise to prominence.

Today, Paul Apraku Twum Barimah was recognized by parliamentary watchers as the best first-time MP in Parliament in 2022. His contributions to community development in his constituency have also been described as welcoming among his constituents.

Paul Twum Barimah is a member of the Bui Dam Authority and Ghana Publishing Corporation boards, a member of the parliamentary committee on energy and foreign affairs, and also serves on the Parliament Poverty Reduction Strategy Committee.

Source: Ghana Web

Dr Bawumia is NPP’s best chance for 2024 victory – Journalist

The editor of the Finder newspaper, Elvis Darko, says the Vice President, Dr Mahamudu Bawumia, is the best chance the ruling New Patriotic Party (NPP) has to win the 2024 elections.

Speaking on Prime Morning Wednesday, January 11th 2022, Mr Darko said Bawumia is the best candidate the NPP can field considering he has been at the forefront of the party’s electoral successes in 2016 and 2020.

Darko said the NPP’s strong gains posted in Northern Ghana are attributable to Dr Bawumia, adding as the Vice President and an economist, he possesses more knowledge about the economy than anyone else in the NPP Presidential primary.

“NPP’s best chance is Dr. Bawumia because he is the Vice President and if every candidate that is coming is going to run on the record of the NPP, who is the best person to run on that record? It’s the Vice President because he has been involved in the state of affairs. He is the one that has done all this that the party is going to run on in the 2024 election,” he said.

He added that the NPP need to break the perception of being a tribalist party due to always fielding an Akan candidate, opining “They’re on the wrong path.”

Darko added that Bawumia’s achievements make him the perfect candidate to break that perception about the NPP.

The Finder Editor added that considering no Muslim has ever been elected President of Ghana, the NPP stands to gain strong Islamic support if they are brave enough to name Dr Bawumia as flagbearer.

The ruling party would elect its flagbearer later this year in a keenly contested field consisting of Bawumia, former Trade Minister Alan Kyeremanten, brash Assin Central Member of Parliament, Kennedy Ohene Agyapong, among others.

Source: Ghana Web

Stop globalizing your incompetence – Edudzi to Akufo-Addo government

Legal Practitioner, Godwin Edudzi Tameklo, has asked the Akufo-Addo government to muster courage and accept the blame of the current crisis the Ghanaian economy is facing rather than blame the global crisis.

According to him, the current government’s incompetence is why the country has colossal debt despite having more revenue sources than any other government since 1957.

Speaking on TV3’s big issues, he said this government should man up and take responsibility for the failure of the economy instead of engaging in blame game.

“What is our total debt today? Do you know by their reason of incompetent management of the exchange rate, they added 98 billion Ghana cedis to our public debt? So please stop globalizing your incompetence, face the fact, man up and say that look I have been irresponsible for the debt situation and that is why we are here.”

Edudzi Tamaklo said there is much expectation from this government because of the excess revenue they have made in the last 6 years in government.

“Do you know that the Akufo-Addo/Bawumia government have gotten more revenue than all administration since 1957? In fact, by the time NDC left office, the overall financial revenue sources available to the NDC in 8 years was 248 billion Ghana cedis, as I speak to you within the space of 6 years this government, if you put loans, grants, and tax revenue together, this government has gotten in excess of 560 billion just in six years. The bible says to whom much is given much is expected. In the midst of plenty, you have run us aground, what to do is to demonstrate humility,” he said in the interview.

Source: Ghana Web

8 dismissed Chiana students plead for clemency

Bolgatanga – Eight students of the Chiana Senior High School in the Kassena-Nankana West District of the Upper East Region, who have been dismissed for verbally assaulting President Nana Addo Dankwa Akufo-Addo, have pleaded with the President for clemency.

The second year students, in November 2022, in a recorded video that went viral, insulted and used unprintable words on the President.

The Ghana Education Service in a statement earlier, condemned the act and apologised to the President.

The Service described the act as against educational principles and standards and promised to investigate the incident.

On January 11, 2023, the Service in a dismal letter, signed by Dr Eric Nkansah, the Director-General, dated November 29, 2022, and addressed to parents of the affected students, said the management of GES had given approval for the students to be dismissed.

Consequently, the students and their parents were invited to the School on Wednesday, January 11, 2023 and were served with the dismal letters.

The GES said the action was to serve as an example to deter others.

“This is in view of your involvement in misconducting yourself by making derogatory comments in a video that went viral, a conduct considered very undesirable and contrary to the acceptable standards of conduct generally required of any student in our educational system in Ghana.

“Your ward is therefore requested to properly hand over any school property in her possession to the headmistress in the school before leaving.

“It is expected that your ward will use this as a major turning point in her life to bring the desired change in her behaviour and attitude towards life.”

After receiving the dismal letters, the affected students in another video, remorsefully said they were sorry and begged President Akufo-Addo for a second chance.

They said education was their future and that they had learnt their lessons and promised not to repeat the bad behaviour.

“Education is our life and we regret whatever we have done because most of us are orphans and we do not know where we are going,” they said.

Meanwhile, the minority in Parliament has also appealed to the President to pardon the students.

Source: Ghana News Agency