Ghana to lose downstream oil related investments - Former MCE

Europa

October 12, 2015 8:41 AM

He said “Sekondi Takoradi is located 280 miles away from Accra and 130 miles from Cote D’ Ivoire. If you don’t position the STMA well, Ivory Coast with its attraction will become the oil city for Ghana while Ghana will lose those investments”.

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A former Metropolitan Chief Executive for the Sekondi Takoradi Metropolitan Assembly, Kwabena Prah Annan has said that Ghana risks losing other downstream oil related investments to Ivory Coast if the Sekondi Takoradi Metropolis is not positioned to attract and keep oil investors.

He explained that “ Sekondi Takoradi is located 280 miles away from Accra and 130 miles from Cote D’ Ivoire. If you don’t position the STMA well, Ivory Coast with its attraction will become the oil city for Ghana while Ghana will lose those investments”.

He added that because the distance to Ivory Coast from Sekondi Takoradi is shorter compared to from Sekondi Takoradi to Accra; which can compete Ivory Coast in terms of what investors are looking for, it is easy for oil companies to use service ships to and from Ivory Coast to the oil rigs and also solicit for services they need from there if Sekondi Takoradi is not made attractive”.

Mr. Kwabena Prah Annan, who is seeking reappointment to occupy the vacant Sekondi Takoradi Metropolitan Assembly seat with some other 13 persons maintained that the Twin City has to be decongested by creating new and modern car parking spaces and to identify what investors want and provide them.

“This and other ideas when given the nod will come to provide jobs for our youth and better the lives of our own people”, he added.

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