New oil agreements should spur economic development – Deloitte Senior Partner
Senior Partner at Deloitte Africa, Joe Eshun, says it is time for Ghana to seize the opportunities in the oil and gas sector, industralise and push economic development to higher heights. This call for proactive steps comes at a pivotal time where Ghana’s recent Memorandum of Understanding (MoU) signed with global energy giants Shell Holdings […]
Joe Eshun, Senior Partner at Deloitte Africa, has urged Ghana to capitalize on the opportunities presented by the burgeoning oil and gas sector to drive industrialization and boost economic development. This call for action comes in the wake of a Memorandum of Understanding (MoU) signed by Ghana with global energy conglomerates Shell Holdings Limited, Chevron Sub-Saharan Africa Ventures Ltd., and GNPC Exploration and Production Limited.
The MoU aims to enhance exploration and production rights over the South Deepwater Tano Cape Three Points Block. Eshun, a former Deloitte East Africa CEO, highlighted the potential of this move to quadruple Ghana's oil and gas production within the next four to five years, thus solidifying its position as a major player in the industry.
He emphasized that this development would not only provide local populations with access to locally-produced energy but would also create thousands of jobs, thereby elevating the standard of living. Eshun underscored the importance of deploying capital and innovation in this venture, and predicted a surge in demand for a skilled local workforce to manage and sustain these operations.
He further stressed the significance of partnering with academic institutions to tailor curricula that align with industry needs, thus bridging the gap between theoretical knowledge and practical application.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
