New oil agreements should spur economic development – Deloitte Senior Partner

Joe Eshun, Senior Partner at Deloitte Africa, believes Ghana should capitalize on the opportunities in the oil and gas sector to drive economic development. This sentiment emerged as the nation recently signed an MoU with major energy companies Shell, Chevron, and GNPC Exploration and Production Limited to explore and produce oil and gas in the South Deepwater Tano Cape Three Points Block.

Eshun emphasized this as a golden opportunity to develop the country's workforce and create jobs, particularly for the youth, as Ghana aims to quadruple its oil and gas production in the next four to five years. He envisions Ghana as a significant player in the energy sector within the next five years, with local leaders and organizations working alongside international partners to ensure a steady supply of locally produced energy.

Eshun highlighted the importance of capital deployment and innovation in this partnership, foreseeing a future where the country has enough energy to support industrialization and generate thousands of jobs, safeguarding the dignity of its people.