Government is reviewing legislative and fiscal framework governing the upstream sector – Jinapor

The Minister of Energy and Green Transition, Dr John Jinapor has said that under the leadership of His Excellency President John Dramani Mahama, the government is committed to revitalising Ghana’s petroleum sector as an important pillar of economic growth, energy security and job creation.

He said the renewed interest from investors is encouraging, and the recent signing of the Memorandum of Understanding involving the Government of Ghana, Shell Overseas Holding Limited, Chevron Sub Saharan African Ventures Ltd and GNPC Exploration and Production Limited on the South Deepwater Tano Cape Three Points Block is a strong demonstration of confidence in Ghana’s petroleum potential.

“We are determined to build on this momentum. Government is reviewing the legislative and fiscal framework governing the upstream sector to make Ghana more competitive and attractive for investment, particularly in deepwater, ultra-deepwater and frontier exploration, while protecting our national interests,” he said during this year’s Ghana Day at Africa Oil Week on Wednesday.

Dr Jinapor said that these reforms are currently before Cabinet and, following approval, will be transmitted to Parliament.

“Ghana is open for investment, and we are ready to work with partners who share our vision of sustainable growth and meaningful in-country value creation,” he said.

Source:Fiilafmonline/3News