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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

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Govt rules out cutting ties with Ivory Coast over maritime dispute

bycitibusinessnews
May 5, 2015
in Business, News, Oil And Gas, Top Stories
Emmanuel Armah Kofi Buah, Former Petroleum Minister

Emmanuel Armah Kofi Buah, Former Petroleum Minister

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Ghana says it will not terminate diplomatic talks with neighboring Ivory Coast, despite a raging maritime border dispute between the two nations.

[contextly_sidebar id=”8uVytHH7RvzoCurfuoU10QJYgWjnJMnn”]The two West African neighbors are presently engaged in a battle at the Germany-based International Tribunal on the Law of the Sea (ITLOS) over disputed oil fields in the Atlantic Ocean.

The Tribunal recently delivered a cautious ruling that triggered celebrations in after Ivorian officials filed an interim application seeking to restrain Ghana from continuing with Oil Exploration and Production activities in the disputed area.

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Minority Spokesperson on Energy, Hon KT Hammond, quickly hailed the ruling as first round victory for Ghana and accused Ivory Coast of mischief.

He called the application by the Ivoirians betrayal of trust and asked the Mahama administration to terminate diplomatic talks aimed at resolving the impasse.

But, Petroleum Minister, Emmanuel Armah Kofi Buah has told Citi Business News Accra will continue to engage with Abijan.

‘Our relationship with Ivory Coast is excellent we engage with them in different areas including trade, power etc and that is going to continue.
On the specific issue over the dispute i think the court order is very clear on engaging with Ivory Coast and we are going to do that we will respect the ruling by the court.
We will always engage Ivory Coast our future as two countries is tied and we will continue to talk’. He stressed.

Emmanuel Armah Kofi Buah was speaking to Citi Business News on the sidelines of the ongoing Offshore Technology Conference in Houston, Texas.

He adds that Ghana will do whatever it takes within the law to ensure her investments in the disputed fields do not go waste.

–

By: Richard Sky/citifmonline.com/Houston/USA

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