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Ghana Holds Great Oil Prospects ...Prez. Says As Ghana Deepens Ties with Italy

Published in politics Wednesday, 29 November 2017 15:19
President Akufo –Addo with the Italian Prime Minister President Akufo –Addo with the Italian Prime Minister

By Frank Amponsah

President Nana Akufo-Addo has expressed great admiration for the investment of ENI Group, an Italian company in Ghana’s oil industry.

According to the President, ENI’s investment is extremely important for the future of Ghana, not only in developing its oil deposits but also, in the gas resources.


The involvement of ENI, the President acknowledged, gives Ghana the opportunity to become increasingly self-sufficient in energy generation. “We are looking forward for greater intercourse with ENI that would allow us to go into other areas of the energy portfolio. The training and investment between our countries is modest but is important and the biggest investment in our nation for over a decade is that which has been made by the Italian state owned petroleum company ENI,” the President said.

He  said this yesterday when the Italian Prime Minister, Paolo Gentiloni, paid a courtesy call him as part of his working visit to Ghana.

Addressing a joint press conference at the Presidency, President Akufo-Addo noted that relations between Ghana and Italy date several years, recalling the involvement of Italian companies in the construction of the Akosombo dam, Kpone dam, and the TemaOil Refinery.

President Akufo-Addo acknowledged the support given to the Kofi Anan Peace Keeping Training Centre by the Italian government and said Ghana and Italy will continue to deepen the bilateral relations that exist between the two countries, as well as explore areas of interest which will inure to the mutual benefit of the two countries and their respective populations.

President Akufo-Addo noted that subsequent visit to Italy by former Presidents J.A. Kufuor and John Mahama “really broke the barriers of allowing us to even establish even stronger links.”

The President said that the arrival of Paolo Gentiloni “is within the context of this strong relationship that is between our two countries.”

He also called Africans and Europeans to form partnerships that would promote trade and investment between both continents.

On the impending 5th AU-EU summit, which will take place in Cote d’Ivoire from Wednesday, 29th November, President Akufo-Addo was hopeful that the Summit would define more concretely the relationship between the two continents.

“Looking at issues of common concern, the development of our economy, the issue of migration, issues of terrorism that confront both our continents, it is my expectation and hope that both Ghana and Italy will play very constructive roles tomorrow in defining this new understanding, this new relationship between Europe and Africa,” the President said. 


Read 95 times Last modified on Wednesday, 29 November 2017 15:45

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