Mr Abbey Sam (second from left), commending Mr Hammah for the success of the conference
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21st July, 2009
Don’t Over-Estimate Positive Impact Of Oil
GHANAIANS have been cautioned against over estimating the positive impact of the oil and gas find in the nation’s economy and in the lives of the people.
Dr Martin Tsamenyi, Director and Professor of Law at the Australian National Centre for Ocean Resources and Security (ANCORS), who gave the caution said the discovery of oil in commercial quantities in the Western Cape was good news with the possibility to improve the lives of Ghanaians but care ought to be taken to avoid the dangers and consequences of over expectation.
Dr. Tsamenyi made the observation at the just-ended Oil and Gas Conference in Accra aimed at positioning the Ministry of Transport and its agencies in the transport sector for the successful exploitation of Ghana’s oil find.
He said there was the urgent need for the nation to put in place the necessary legislative and administrative measures governing oil exploitation and to build local content so that the expected benefits of the oil and gas operations did not elude the citizens of Ghana.
Mr Anthony E. Paul, Managing Director of the Association of Caribbean Energy Specialists Limited from Trinidad & Tobago, advocate appropriate policy, institutional and implementation arrangements for national and local value-add for an integrated and developed energy sector to drive a sustainable economy for Ghanaians.
Mr Victor Sunu-Attah, of the Ghana National Petroleum Corporation, said besides benefits of crude oil, the natural gas project would generate employment, create new infrastructure to support a vibrant petroleum processing hub in the sub-region and resume Ghana’s plans to become a preferred exporter of power in the sub-region.
Closing the conference, Mr. Mike Hammah, Minister of Transport and MP for Effutu, said the conference had thrown a number of challenges up that would help the sector and the government to urgently strategise and seek solutions for ensuring that Ghanaians were positioned to derive maximum benefit from the oil and gas exploitation.
Mr Kwesi Abbey Sam, a former Chief Director of the Ministry of Roads and Transport, who moderated and chaired the closing ceremony, commended the organisers of the conference for their foresight and pro-activeness.
He said the two-day discourse was not only useful for the transport sector which was key to the success of the oil and gas business but to the nation in general, stressing that fore planning was vital in all circumstances since “no one plans to fail but many fail to plan”.
The conference primarily meant for the transport sector in preparation for the oil and gas exploitation brought together local and international experts in energy, finance, environment and science.
Dr Martin Tsamenyi, Director and Professor of Law at the Australian National Centre for Ocean Resources and Security (ANCORS), who gave the caution said the discovery of oil in commercial quantities in the Western Cape was good news with the possibility to improve the lives of Ghanaians but care ought to be taken to avoid the dangers and consequences of over expectation.
Dr. Tsamenyi made the observation at the just-ended Oil and Gas Conference in Accra aimed at positioning the Ministry of Transport and its agencies in the transport sector for the successful exploitation of Ghana’s oil find.
He said there was the urgent need for the nation to put in place the necessary legislative and administrative measures governing oil exploitation and to build local content so that the expected benefits of the oil and gas operations did not elude the citizens of Ghana.
Mr Anthony E. Paul, Managing Director of the Association of Caribbean Energy Specialists Limited from Trinidad & Tobago, advocate appropriate policy, institutional and implementation arrangements for national and local value-add for an integrated and developed energy sector to drive a sustainable economy for Ghanaians.
Mr Victor Sunu-Attah, of the Ghana National Petroleum Corporation, said besides benefits of crude oil, the natural gas project would generate employment, create new infrastructure to support a vibrant petroleum processing hub in the sub-region and resume Ghana’s plans to become a preferred exporter of power in the sub-region.
Closing the conference, Mr. Mike Hammah, Minister of Transport and MP for Effutu, said the conference had thrown a number of challenges up that would help the sector and the government to urgently strategise and seek solutions for ensuring that Ghanaians were positioned to derive maximum benefit from the oil and gas exploitation.
Mr Kwesi Abbey Sam, a former Chief Director of the Ministry of Roads and Transport, who moderated and chaired the closing ceremony, commended the organisers of the conference for their foresight and pro-activeness.
He said the two-day discourse was not only useful for the transport sector which was key to the success of the oil and gas business but to the nation in general, stressing that fore planning was vital in all circumstances since “no one plans to fail but many fail to plan”.
The conference primarily meant for the transport sector in preparation for the oil and gas exploitation brought together local and international experts in energy, finance, environment and science.
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