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11 June 2014

Ghana: Kosmos Investment to Create Employment in Ghana.

KOSMOS Energy, the oil company, announced plans to invest an additional $2 billion in Ghana's oil sector in a deal that will offer more employment opportunities to locals.
The Chairman and Chief Executive Officer of the company, Andy Inghis, disclosed the investment plans during a meeting with Vice-President, Kwesi Bekoe Amissah-Arthur, at the Flagstaff House in Accra.
He noted that Kosmos had so far invested $3 billion in the country's oil sector.

He expressed the commitment of Kosmos Energy to support the government in finding lasting solutions to challenges confronting the energy sector.
The Vice-President said the government would not under any circumstance compromise on laws regulating the country's oil and gas industry.
He explained that the government was concerned about the ability of oil concerns operating in the country to involve the private sector and also provide employment for skilled artisans in their activities.

The Vice-President assured the delegation of the government's commitment to ensure that both local and foreign enterprises operated in a conducive environment.
“Government will not shirk its responsibility to ensure that Ghana will in the foreseeable future remain the most preferred destination for investment in the West African sub-region.,” Amissah-Arthur said.

Deputy Minister of Energy, Ben Dagadu, said the ministry had met and discussed with officials of Kosmos Energy to discuss the Ghana Gas Project at Atuabo.
He said Kosmos Energy informed the ministry there were large reserves of gas which could be exploited to help address the country's energy needs.


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