Ghana’s Oil and Gas Legal Framework Apt for Investors – Petroleum Commission

Ghana’s Oil and Gas Legal Framework Apt for Investors – Petroleum Commission

Chief Executive Officer of the Ghana Petroleum Commission, Egbert Faibille Junior has assured that the country is committed to a legal framework and conducive environment that will ensure maximum benefits and security for prospective investors.

Mr. Faibille gave the assurance in a presentation at the 25th Africa Oil Week in Cape Town, South Africa on ‘The Future of African Exploration and Production’ which, among other things, addressed the creation of future business models, an enabling environment and policy reform to link projects to direct foreign investments.

He said “With the country’s pedigree, it is obvious that investors who enter the country will never have any regret at all as the country is committed to its laws to ensure the creation of the perfect ambiance for businesses.”

According to him, Ghana’s transparent legal framework and business environment promotes a win-win situation for investors seeking opportunities on the continent, especially in the petroleum upstream sector.

He added, “We want the investors to note that as we move to the next level, one of the things we are sure about is the certainty in our laws and regulations. We want people who come into our country to be firm in thoughts and action that we are not a nation of men who think what the laws should be.”

“We are a nation of laws and we are very firm in dispensing the law, fair and firm in ensuring that the right things are done”.

“We believe that the hydrocarbon which has accumulated over 100 million years, which we hold in trust for generations to come, is subjected to prudent and intergenerational management.”

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