Ghana, Senegal To Share Oil & Gas Experiences

Nana Addo with President of Senegal, Macky Sall

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has indicated his preparedness to share the experiences Ghana has gained in the management of its oil and gas resources.

He also promised to share experiences in measures that the country took to ensure the prudent and effective use of the proceeds from their sale with Senegal.

“With the recent discovery of oil and gas in Senegal in commercial quantities, and with our experiences, I believe Ghana is well-equipped to share with you the dos and don’ts in the effective management of oil and gas revenues,” the president said.

President Akufo-Addo’s statement was in response to the request put forward by the President of Senegal, Macky Sall, at a meeting held at the Presidential Palace, on Tuesday, to discuss possible areas of co-operation between the two countries.

The production of oil and gas, and the revenues from the sale thereof, President Akufo-Addo explained, present the two countries with the perfect opportunity to transform the structure of their respective economies, from raw material producing and exporting to industrialised, value-added economies.

To this end, the two countries have resolved to create the necessary legal framework for the conduct of their bilateral co-operation in this regard, with Senegal soon to send a team to study Ghana’s nascent oil and gas industry and adopt best practices in the management of Senegal’s oil and gas resources.

President Akufo-Addo told his Senegalese counterpart that he is also seeking to deepen bilateral co-operation with Senegal in the areas of agriculture, particularly in the horticultural and fisheries sector, tourism, defence, trade, investment, and energy, amongst others.

He commended President Macky Sall for the strong leadership he had shown, since assuming the reins of office in Senegal, which has led to that country becoming the second fastest growing economy in West Africa.