GIPC to partner Oxford Business Group on TEN oil field publication

Oxford Business Group (OBG) is set to partner with the Ghana Investment Promotion Center (GIPC) to commence a publication on Ghana’s offshore oil field, Tweneboa, Enyenra and Ntomme (TEN).

The Report, Ghana 2017 will chart the progress of the $5bn TEN project, which is targeting 80,000 barrels per day (bpd) once operational, rising to 100,000 bpd in 2017.

The publication will also explore signs that Ghana plans to broaden its economic base by sharpening its focus on adding value to commodity exports, especially gold.

Other topics earmarked for coverage include the implications of higher-than-expected crop volumes and talk of the possible creation of a national commodity exchange, which would establish an agricultural value chain.

The GIPC, a longstanding partner of OBG, will once again contribute to the Group’s report on the country’s economy.

As part of the ongoing collaboration, the GIPC will support OBG in the information-gathering and research process for The Report: Ghana 2017.

CEO GIPC Mrs. Mawuena Trebarh, was bullish on Ghana’s long-term outlook, citing the country’s natural resource wealth, vocational education system and stable economy as among its strengths.

“Commodity exports, in particular, provide tremendous potential for growth, while agricultural output remains strong. We also see plenty of opportunities for investment in IT and financial services,” she noted.

“I look forward to working with Oxford Business Group’s team and exploring how Ghana plans to leverage these and other advantages”, she added.

Shadeh Olivia Van Esch, OBG’s Country Director in Ghana, said she welcomed the GIPC’s input, which,  had long given the Group’s research an edge.

“The year 2016 is proving to be significant for Ghana, with a diversification drive under way and rising oil prices hinting at higher receipts for the country,” she said.

“The Ghana Investment Promotion Centre’s efforts to tap new FDI are a key component of the country’s broader plans for long-term economic growth. I’m delighted that our readers will once again benefit from the centre’s take on the areas of the Ghanaian economy ripe for investment,”she added.

The Report: Ghana 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.

The publication will feature contributions from leading personalities, alongside a sector-by-sector analysis of the country’s economy.

Oxford Business Group’s report will be produced with the Ghana Investment Promotion Centre. It will be available in print and online.

Source: GIPC