Translate To All Languages

Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - EweGhana

Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - www.EweGhana.Net Finance Mini...


Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - www.EweGhana.Net
Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - www.EweGhana.Net

Finance Minister Ken Ofori-Atta has said that Ghana has multiple oil blocks that can help with the nation’s development but the West is calling for a drift from fossil fuel to renewable energy.

He said the Ghana National Petroleum Corporation (GNPC) is seeking to acquire two additional oil blocks valued in excess of $2billion.

“Ghana has multiple oil blocks and as we speak now, our own GNPC is looking to acquire stakes in just two blocks which are valued by an external valuer in excess of 2billion. Potentially, we could bring in billions of dollars if we are given the chance to develop these multiple blocks. But now, all of a sudden, the West is saying we should move to clean energy.

“Taking funding on the table for oil and gas investments is not the solution. The delivery of low-cost energy to fuel our development will require a whole new approach towards investments in developing oil and gas.

“We will need to make investments on a long term basis delivered through a competitive evaluation that are optimized to reduce cost. Our ultimate aim will be to developing term decarbonization pathways that do not jeopardise our growth prospects and chances of attaining industrial transformation,” Mr Ofori-Atta said while speaking at a National Energy Transition forum organized by the Ministry of Energy in Accra on Tuesday, February 22.

The Vice President, Dr Mahamudu Bawumia for his part noted that a lot of people perceive policies in the energy sector especially regarding the energy transition, to be elitist.

He said the people are unable to relate to the policies hence, accuse the policymakers of lacking awareness of what really matters to them.

To that end, he said, there is the need to bring everybody on board if they are to succeed in this quest.

He said “In certain places where the energy transition is being implemented people have felt alienated by such policy and they perceive these policies as elitists.

“Such persons have the feeling that the elites are out of touch with their lives and are not aware or do not care about what really matters to them. We, therefore, need everybody to be on board if we are to succeed in this quest. We need to develop plans and implement options that people can relate to or be comfortable using.

“Consequently, it is imperative that we listen to the people on how they want energy transition to occur. I commend the Ministry of Energy and the hardworking Minister for Energy Dr Mathew Opoku Prempeh for using this approach and I am hopeful that at the end of the day the new options that we implement will improve the lives of our people rather than hit the pockets of the poor. We should give equal opportunities to all citizens to enjoy the benefits of the energy transition and ensure social justice in the process.”

He noted that “There is less funding available for oil exploration and exploitation and you are seeing this in an increase in oil prices globally today, as this transition is being talked about and is taking place. But we, in many of the developing countries are facing these very high costs of petroleum prices that is resulting in many economic impacts such as inflation in many countries as prices of goods increase in response to the increase in petroleum prices. So we have to be very aware of where this is going.

“There are many who have said that the petroleum prices increase is going to remain as such high levels, we are not going to see any major declines, then how do we as developing countries like Ghana adjust to this new reality if it becomes the new normal of high oil prices and petroleum prices and its impact on the macro variable in our respective economies. It is clear that we need to have a plan hence this is what this stakeholder conference is about.”

COMMENTS

RECENT WITH THUMBS$type=blogging$m=0$cate=0$sn=0$rm=0$c=4$va=0

Local News Entertainment Celebrities music Politics Ghana Africa Entertainment News World-Entertainment news Ghana music Videos Election 2020 NPP Crime Musicians Presidential Latest News In Ghana Africa News NDC Breaking News Sports Education Volta Region Breaking Africa Relationship Finance General News featured news Parliamentary GH MUSIC Video Breaking World-Sports Latest music Music Video Business Nigerian Music Nigeria World News Ewe Ghana Sports News 18+ Health www.EweGhana.Net Slay Queen Results Trending EweGhana World-Politics Government World-Business Police Ladies Advert Dancehall Shatta Wale Music and Video Football EweGhana.Net Ashanti Region Covid19 Foreign News School Biography Church Culture Accident Events Religious Press Release News In French Gospel Music International Rock Venus lifestyle Awards Election History Stonebwoy Technology showbizz Sarkodie Shows Social Food Kwabena Yeboah Soccer Akufo Addo Artiste Profile Coronavirus Porn Accra Animals Games Sex mixtape #Fixthecountry Music Lyrics NPP NEWS Media Artists Profile Kenya Nigeria Videos Bible Fashion Security Showbiz Birthday Life Others Performing Video Bloggers Job Pastor Science Akuapem Poloo Artist DJs Mixtape FM Program Germany Interview Market Multimedia Photos Tourism Corona Virus Coronavirus News Dj china ghana Gosple India Actress Ashanti Beauty Talk Fucking Khemikhals MP Speak Your Mind Movement Tema Uganda Advice Court Curvy FM Stations Gun Instrumentals Italian Music Mali Marriage Radio Station Program Togo Blakabill Festivals Journalism Life Inspiration Medikal Philohope South Africa Trending News Tv3 Actor Arsenal Burkina Faso Cameroon Central Africa Chad Dance Video Date Rush Death Destie HIPLIFE Jamaica Malaria Minister Of Health Nana Agradaa Princess Of Principle Republic Of The Congo Sierra Leone Tanzania USA West Africa Adult Banks Benin Edem Event France Hip hop Instrumental Jobs Mozambique Russia Senegal Thac Nation Trees Tunisia Weapon World-Music Afia Odo Athletes Australia British China Christians Egypt Environment GHANA NEWS HEADLINES Galamsey Gold Gold Cassy Reigns Haircut Hairstyle IGP Inspiring Our Culture Leaks Manchester United Money National Other Parties Reggae Rhino Robbers Sierra Leone Music Social news South Sudan Tokyo Upcoming Vaccine World Health Organization kuami Eugene Afri America Anoda Level Articles Bono Region Comedy Crises D Black Digital Marketing Ethiopia Film Ghana Music Lyrics Gyakie Hotel Light It Up Records Morocco Mr. Loyalty Peeshaar Dhiss Pregnancy President Joe Biden Sakabo Strongman Technician Tribes Water Yaa Pono fire outbreaks opinion AFRICA NEWS HEADLINES AirtelTtigo Ama Nova Army Art Barcelona Belgium Benin Music Berlin Bet Big Boiz Burna Boy COVID-19 Cowbell Cup Davido Destiny Etiko Dubai ECOWAS Eastern Region Ebola Efia Odo Efya El Kassy Electoral Commission Europa League Europe Finland Fraud French German Shepherd Grammy Award Guchi Hair Growth Hospital Hygiene Iran Jaman Kwabena Japan Jennifer Joe Main Johannesburg John Dumelo Kasapa Kasoa Kennedy Agyapong Kidi King Godzy Kofi Kinaata Kumasi Kumawood Kwaw Kese Ladis Lawyer Ntim Liberia Lyrics Video Malawi Mavado Maxbriyann Miami Michelle Obama Model Motivation Motorbikes Motorway MzVee NASA Nanky Nigeria Nig Nollywood Official Olympic Pakistan Paralympian Plants Port Poverty Prosecutor Queen Of Africa Ras Rex Omar Richest Rwanda Secu Shugatiti Somalia Suez Canal Sunyani Sweden Taiwan Tamale Teni Thailand The Trigger Vibes Tokyo Olympic Games Train Tubrizzy Turkey UK UN United States Vacc Vybz Kartel WHO Youth Zambia Zimbabwe beaches Akrobeto Akwaboah Album Amerado Anthony B Ay Poyoo Banger Alert Bisa Kdei Body Builders Boxer Brazil Bus Cannot Lose Carboni Central Region Culture Festivals Divorce Dj Profile Doctor Drip Yesu EP Eastern Region Ebony Enam – Talk To Your Boyfriend (Feat Sister Deborah X T’neeya) England Eno Be Muf Faction Designs Fameye Fancy Gadam Fava Gee Gallaxy Gospel Hair Style Hajia Bintu Ike Millions Italy Jokes Kahpun Kanye West Kelvynboy Ken Rhapz King Promise Kofi mole Kwame Yogot Kwesi Arthur Larruso Legon Libyan Living Dove Chapel Love Massage Mharidiva Northern Region Nurse Okyeame Kwame Old News Pappy Kojo Penis Ph Media Africa Portugal Prison Products Prostitute Rape Ras Kuuku Rastafarian Reggie Rockstone Rema Rent Romania Samini Selena Gomez Selina Boateng Shoprite Show Sista Afia Sister Derby Snakes Stonedeegh Sudan Table Tennis Tattoo ThanksGiving Tommy Lee Spartan Tony West Top 50 Best Indian Film Actresses VehementlyBwoy Wizkid Yvonne Nelson ent l officials series
Name

#Fixthecountry,17,18+,69,Accident,33,Accra,19,Actor,6,Actress,9,Adult,5,Advert,50,Advice,8,Afia Odo,4,Afri,3,Africa,547,Africa News,193,AFRICA NEWS HEADLINES,2,AirtelTtigo,2,Akrobeto,1,Akuapem Poloo,11,Akufo Addo,21,Akwaboah,1,Album,1,Ama Nova,2,Amerado,1,America,3,Animals,18,Anoda Level,3,Anthony B,1,Army,2,Arsenal,6,Art,2,Articles,3,Artist,11,Artiste Profile,21,Artists Profile,15,Ashanti,9,Ashanti Region,40,Athletes,4,Australia,4,Awards,27,Ay Poyoo,1,Banger Alert,1,Banks,5,Barcelona,2,beaches,2,Beauty Talk,9,Belgium,2,Benin,5,Benin Music,2,Berlin,2,Bet,2,Bible,14,Big Boiz,2,Biography,34,Birthday,13,Bisa Kdei,1,Blakabill,7,Bloggers,12,Body Builders,1,Bono Region,3,Boxer,1,Brazil,1,Breaking,101,Breaking Africa,127,Breaking News,159,British,4,Burkina Faso,6,Burna Boy,2,Bus,1,Business,85,Cameroon,6,Cannot Lose,1,Carboni,1,Celebrities,911,Central Africa,6,Central Region,1,Chad,6,China,4,Christians,4,Church,34,Comedy,3,Corona Virus,10,Coronavirus,21,Coronavirus News,10,Court,8,COVID-19,2,Covid19,39,Cowbell,2,Crime,239,Crises,3,Culture,34,Culture Festivals,1,Cup,2,Curvy,8,D Black,3,Dance Video,6,Dancehall,50,Date Rush,6,Davido,2,Death,6,Destie,6,Destiny Etiko,2,Digital Marketing,3,Divorce,1,Dj china ghana,10,Dj Profile,1,DJs Mixtape,11,Doctor,1,Drip Yesu,1,Dubai,2,Eastern Region,1,Eastern Region,2,Ebola,2,Ebony,1,ECOWAS,2,Edem,5,Education,132,Efia Odo,2,Efya,2,Egypt,4,El Kassy,2,Election,27,Election 2020,270,Electoral Commission,2,Enam – Talk To Your Boyfriend (Feat Sister Deborah X T’neeya),1,England,1,Eno Be Muf,1,ent,1,Entertainment,1073,Entertainment News,523,Environment,4,EP,1,Ethiopia,3,Europa League,2,Europe,2,Event,5,Events,33,Ewe Ghana,72,EweGhana,60,EweGhana.Net,42,Faction Designs,1,Fameye,1,Fancy Gadam,1,Fashion,14,Fava Gee,1,featured news,115,Festivals,7,Film,3,Finance,119,Finland,2,fire outbreaks,3,FM Program,11,FM Stations,8,Food,23,Football,46,Foreign News,39,France,5,Fraud,2,French,2,Fucking,9,Galamsey,4,Gallaxy,1,Games,18,General News,115,German Shepherd,2,Germany,11,GH MUSIC,106,Ghana,611,Ghana music,414,Ghana Music Lyrics,3,GHANA NEWS HEADLINES,4,Gold,4,Gold Cassy Reigns,4,Gospel,1,Gospel Music,29,Gosple,10,Government,56,Grammy Award,2,Guchi,2,Gun,8,Gyakie,3,Hair Growth,2,Hair Style,1,Haircut,4,Hairstyle,4,Hajia Bintu,1,Health,69,Hip hop,5,HIPLIFE,6,History,26,Hospital,2,Hotel,3,Hygiene,2,IGP,4,Ike Millions,1,India,10,Inspiring Our Culture,4,Instrumental,5,Instrumentals,8,International,29,Interview,11,Iran,2,Italian Music,8,Italy,1,Jamaica,6,Jaman Kwabena,2,Japan,2,Jennifer,2,Job,12,Jobs,5,Joe Main,2,Johannesburg,2,John Dumelo,2,Jokes,1,Journalism,7,Kahpun,1,Kanye West,1,Kasapa,2,Kasoa,2,Kelvynboy,1,Ken Rhapz,1,Kennedy Agyapong,2,Kenya,15,Khemikhals,9,Kidi,2,King Godzy,2,King Promise,1,Kofi Kinaata,2,Kofi mole,1,kuami Eugene,4,Kumasi,2,Kumawood,2,Kwabena Yeboah,23,Kwame Yogot,1,Kwaw Kese,2,Kwesi Arthur,1,l,1,Ladies,51,Ladis,2,Larruso,1,Latest music,88,Latest News In Ghana,200,Lawyer Ntim,2,Leaks,4,Legon,1,Liberia,2,Libyan,1,Life,13,Life Inspiration,7,lifestyle,29,Light It Up Records,3,Living Dove Chapel,1,Local News,1299,Love,1,Lyrics Video,2,Malaria,6,Malawi,2,Mali,8,Manchester United,4,Market,11,Marriage,8,Massage,1,Mavado,2,Maxbriyann,2,Media,16,Medikal,7,Mharidiva,1,Miami,2,Michelle Obama,2,Minister Of Health,6,mixtape,18,Model,2,Money,4,Morocco,3,Motivation,2,Motorbikes,2,Motorway,2,Mozambique,5,MP,9,Mr. Loyalty,3,Multimedia,11,music,906,Music and Video,47,Music Lyrics,17,Music Video,88,Musicians,219,MzVee,2,Nana Agradaa,6,Nanky,2,NASA,2,National,4,NDC,167,news,419,News In French,31,Nigeria,76,Nigeria Nig,2,Nigeria Videos,15,Nigerian Music,83,Nollywood,2,Northern Region,1,NPP,256,NPP NEWS,17,Nurse,1,Official,2,officials,1,Okyeame Kwame,1,Old News,1,Olympic,2,opinion,3,Other Parties,4,Others,13,Pakistan,2,Pappy Kojo,1,Paralympian,2,Parliamentary,107,Pastor,12,Peeshaar Dhiss,3,Penis,1,Performing Video,13,Ph Media Africa,1,Philohope,7,Photos,11,Plants,2,Police,52,Politics,740,Porn,20,Port,2,Portugal,1,Poverty,2,Pregnancy,3,President Joe Biden,3,Presidential,217,Press Release,32,Princess Of Principle,6,Prison,1,Products,1,Prosecutor,2,Prostitute,1,Queen Of Africa,2,Radio Station Program,8,Rape,1,Ras,2,Ras Kuuku,1,Rastafarian,1,Reggae,4,Reggie Rockstone,1,Relationship,121,Religious,33,Rema,1,Rent,1,Republic Of The Congo,6,Results,62,Rex Omar,2,Rhino,4,Richest,2,Robbers,4,Rock Venus,29,Romania,1,Russia,5,Rwanda,2,Sakabo,3,Samini,1,Sarkodie,24,School,36,Science,12,Secu,2,Security,14,Selena Gomez,1,Selina Boateng,1,Senegal,5,series,1,Sex,18,Shatta Wale,49,Shoprite,1,Show,1,Showbiz,14,showbizz,25,Shows,24,Shugatiti,2,Sierra Leone,6,Sierra Leone Music,4,Sista Afia,1,Sister Derby,1,Slay Queen,65,Snakes,1,Soccer,23,Social,24,Social news,4,Somalia,2,South Africa,7,South Sudan,4,Speak Your Mind Movement,9,Sports,145,Sports News,70,Stonebwoy,25,Stonedeegh,1,Strongman,3,Sudan,1,Suez Canal,2,Sunyani,2,Sweden,2,Table Tennis,1,Taiwan,2,Tamale,2,Tanzania,6,Tattoo,1,Technician,3,Technology,25,Tema,9,Teni,2,Thac Nation,5,Thailand,2,ThanksGiving,1,The Trigger Vibes,2,Togo,8,Tokyo,4,Tokyo Olympic Games,2,Tommy Lee Spartan,1,Tony West,1,Top 50 Best Indian Film Actresses,1,Tourism,11,Train,2,Trees,5,Trending,61,Trending News,7,Tribes,3,Tubrizzy,2,Tunisia,5,Turkey,2,Tv3,7,Uganda,9,UK,2,UN,2,United States,2,Upcoming,4,USA,6,Vacc,2,Vaccine,4,VehementlyBwoy,1,Video,105,Videos,377,Volta Region,129,Vybz Kartel,2,Water,3,Weapon,5,West Africa,6,WHO,2,Wizkid,1,World Health Organization,4,World News,76,World-Business,54,World-Entertainment,479,World-Music,5,World-Politics,57,World-Sports,98,www.EweGhana.Net,66,Yaa Pono,3,Youth,2,Yvonne Nelson,1,Zambia,2,Zimbabwe,2,
ltr
item
EweGhana.Net Inspiring Our Culture: Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - EweGhana
Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta - EweGhana
https://lh3.googleusercontent.com/-3JS87W5V48A/YhWJguMl4CI/AAAAAAABGQI/c8Z2glq3NsceSXgcCTtFB-_Bs1G-2k7uACNcBGAsYHQ/s1600/Ken-Ofori-Atta-696x392%25281%2529.jpg
https://lh3.googleusercontent.com/-3JS87W5V48A/YhWJguMl4CI/AAAAAAABGQI/c8Z2glq3NsceSXgcCTtFB-_Bs1G-2k7uACNcBGAsYHQ/s72-c/Ken-Ofori-Atta-696x392%25281%2529.jpg
EweGhana.Net Inspiring Our Culture
https://www.eweghana.net/2022/02/ghana-can-generate-billons-of-dollars.html
https://www.eweghana.net/
https://www.eweghana.net/
https://www.eweghana.net/2022/02/ghana-can-generate-billons-of-dollars.html
true
3390848294410594855
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content