Gov’t Vows To Make Tema Port Transhipment Hub – President Akufo-Addo

| Updated Aug 22, 2017 at 7:00am

 

Ghana's President Nana Akufo-Addo.

 

Government has committed itself to expanding the Tema Port into a transhipment hub, to improve sea trade within the sub region.

Government is also keen to revive the Air Services Agreement between Ghana and Equatorial Guinea, and re-establish direct flights between Accra and Malabo.

That's according to President Nana Addo Dankwa Akufo-Addo, speaking at a State Banquet held in his honour at Malabo in Equatorial Guinea, on his first day of a three day state visit to that country.

President Akufo-Addo said Ghana and Equatorial Guinea are well-equipped to share with each other experiences in the effective management of oil and gas revenues.

President Akufo-Addo said measures must be put in place to expand trade and business collaborations to improve the prospects of its citizens.

Radio Ghana’s Correspondent, Bright Ntramah sent this report from Malabo.

The relations between Ghana and Equatorial Guinea dates back to 1870s when Tetteh Quarshie traveled to that country and returned with cocoa beans. By that singular act by Tetteh Quarshie, Ghana today is the second largest exporter of cocoa.

The visit by the President is to strengthen the bilateral ties between the two countries, and to explore areas of co-operation to the mutual benefit of its peoples.

President Akufo-Addo is the fourth President of Ghana to visit Equatorial Guinea.

In 1998 Ghana signed an agreement for the establishment of a Permanent Joint Commission for Co-operation.

The implementation of that agreement has created the necessary legal framework for the conduct of bilateral co-operation.

The Permanent Joint Commission for Co operation, has held discussions in the areas of energy, trade, transport, tourism, education, health and agriculture.

The activities of the joint commission has ceased since 2010.

The President was hopeful that his visit to Equatorial Guinea will kick-start the re-commencement of formal sessions of the Commission.

Equatorial Guinea exports more than five million metric tons of Liquefied Natural Gas (LNG) annually.

President Akufo-Addo said Ghana’s proximity to that Country presents an excellent source for procuring reliable and sustainable LNG to augment its domestic supply.

Ghana and Equatorial Guinea signed an agreement for co-operation on hydrocarbons and electricity in 2010.

Seven years later, Ministers for Energy of the two countries signed a Memorandum of Understanding to supply LNG.

The visit by the President is in part a consummation of this bilateral agreement, a significant step towards matching Equatorial Guinea’s excess gas supply to Ghana’s ever growing demand.

President Akufo-Addo was hopeful that the two countries will sign a government-to-government Heads of Agreement for the supply to Ghana of LNG from Equatorial Guinea, for a period of fifteen years, review-able every five years during his visit.

The two leaders pledged to work to strengthen the AU.

The President of Equatorial Guinea, Obiang Nguema Mbasogo encouraged the two delegations to adopt mechanism that will translate political will into tangible realities for the benefit of the two countries.

GBC



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