FDA supports gov’t industrialization Pg 5 agenda with PLS initiative
THURSDAY 23 March 2023 Issue No.30
A NEW THINKING
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Russian energy giant Lukoil to participate in Pecan field
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Agric Minister woos rice investors in Thailand Agric Minister woos rice investors in Thailand
The final plan for the development of the Pecan field of the Deepwater Tano Cape Three Points (DWT/CTP) block, in which Lukoil will be a participant, is supposed to be submitted to regulators in Ghana by April 14.
proved the Russian oil company might make the final investment decision on the project in October-November. He said the final development plan is at the stage of being submitted to Ghana’ regulator.
According to Lukoil's vice president for the Americas, "The deadline for the submisAfrica and the Middle East, sion of this application is by Ivan Romanovsky, if it is ap- April 14. After this, if the gov-
ernment and regulatory bodies do not have any issues, we plan to make the final investment decision sometime in October-November of this year," Romanovsky said. The DWT/CTP block covers more than 2,000 square km in the western part of Ghana waters in the Gulf of Guinea. The sea depth within the boundaries of the block
ranges from 1,600 to 3,000 meters. Seven hydrocarbon fields have been discovered at the block, including five oil field and two gas fields. Norway's Aker Energy holds a 50% stake in DWT/CTP and is the operator of the field. Lukoil joined the project in March 2014 and the deal was closed in October 2015. The Russian company's stake is estimated at 38%.
Ghana’s Deputy Minister for Food and Agriculture (in charge of Crops), Mr. Yaw Addo Frimpong, has urged investors in the Thailand rice value chain to come and invest in Ghana. He said such an investment will mutually benefit both Thailand and Ghana, adding that the former has the experience and the technology to support Ghana to become self-sufficient in rice production. Mr. Addo Frimpong, who doubles
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Vodafone Cash, Mobile Money partner to enable merchant interoperability 2
Vodafone Ghana Mobile Financial Services Limited (Vodafone Cash) and MobileMoney Limited (MML) have enabled interoperability services that allow MTN Mobile Money and Vodafone Cash
customers pay at each other’s merchant point of sale.
both entities and the Government of Ghana.
MTN Mobile Money customers.
Vodafone Cash enabled merchant point across the country.
This is a major milestone in creating an enabling environment in furtherance of the financial inclusion agenda of
The service went live on March 1, 2023 and is available to all Vodafone Cash and
Customers of both networks can now make direct payments for goods and services at any MTN Mobile Money or
Commenting on this development, Shaibu Haruna, the Acting Chief Executive Officer of MML indicated that “this important
Chamber of Mines condemns attack at Golden Star Resources The Ghana Chamber of Mines has condemned the attack on the Benso concession of Golden Star Resources (Wassa Mine) in the Western Region on Thursday 16th
March 2023. The attack, which has left several persons injured as well as destruction of property worth millions of Ghana Cedis, pres-
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Prioritise saving distressed companies – AG to IPs…. as Registrar of Companies, GARIA inducts 166 new IPs 3
UMB celebrates BOST revival at customer recognition event Universal Merchant Bank (UMB), a leading indigenous Ghanaian Bank in Ghana recently undertook a recognition and courtesy event for one of its leading customers,
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the Bulk Oil Storage and Transportation Company Limited (BOST). The event was to celebrate the recent successes and revival at BOST including the recogni-
tion of the Managing Director, Mr. Edwin Provencal as the CEO of the year for the Petroleum Sector in Ghana. The prestigious award was