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Ghana’s investment climate okay - T&T team
Posted on: 2009-Oct-06        Ghanaian Times
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A visiting high level business delegation from Trinidad and Tobago to Ghana has expressed satisfaction with the investment climate in the country.

In an interview with the Ghanaian Times on Friday, Anthony Paul, a member of the 13-member delegation said, "we are overwhelmed by the quality of business climate in Ghana.

"The visit has offered us opportunity to establish further linkages with the Ghanaian business community for South - South Cooperation;" he added.

The delegation was in the country to gain a first hand knowledge about Ghana's oil sector and to establish cooperation in the field as well as create opportunities for partnership.

Trinidad and Tobago, with a population of 1.3 million, is considered one of the wealthiest countries in the Caribbean with oil dominating the economy.

The country has over 100 years experience in oil production and 50 years in gas production.

Mr Paul, who is the chairman of the Centre for Energy Enterprise Development in Trinidad and Tobago, said Ghana and Trinidad and Tobago would cooperate in the area of technology transfer, saying "we will bring what we have to help build what is on the ground in Ghana."

"There is the need to create linkages and partner Ghana to build local capacities to face challenges in the oil and gas sector," the Trinidad and Tobago energy expert said.

Hilton John Mitchell, the Honorary Consul for the Republic of Trinidad and Tobago in Ghana, said, his country has gone through the mill and was in a better position to partner Ghana and share experiences in the oil and gas sector for the mutual beneficial for both countries.

The delegation which was made up of businessmen, engineers and experts in the oil and gas sector has since returned home after a week's visit to the country.

The team's visit took them to the Tema Oil Refinery, Ghana National Petroleum Corporation and interaction with stakeholders in the gas, oil and other sectors of the economy.

Ghana is due to start commercial production of oil from the jubilee fields in the last quarter of 2010.

Since the discovery of oil in the country, the government has taken steps to engage stakeholders in the sector and to learn best practices from other countries to ensure that the oil discovery becomes a blessing rather than a curse.
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