Ghana’s new Minister for Energy, Dr. Matthew Opoku Prempeh has given indication of his support for the country’s upstream regulator, Petroleum Commission to ensure that foreigners who do business in the country deal fairly with Ghanaians.
“As Minister for Energy, I am in a good position to protect the interests of government, and for that matter, Ghanaians and I assured PC of my support to them to ensure that entities that come to do business in Ghana deal with us fairly,” the Energy Minister said during a meeting with the Petroleum Commission on Monday.
The West African nation produces 200,000bpd from three oil producing oil fields notably Jubilee, TEN and Sankofa Gye Nyame. However, current data shows that oil production has declined to about 156,000bpd.
The Petroleum Commission’s team was led by its Chief Executive Officer, Mr Egbert Faibille Jnr.
In a Facebook post, Dr Matthew Opoku Prempeh noted that the Commission provided him and his team an update on their activities and also discussed some of their pertinent challenges.
According to the Minister, he used the occasion to task the Commission to increase the level of Ghanaian participation in the oil and gas industry.
“I charged the Commission to increase the level of local content in our oil and gas industry and was pleased to learn that that various projects such as sponsoring welders to attain world-class certification is ongoing. I am confident of the strong leadership at PC and looking forward to bolder actions from them,” he said.