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Ghanaians will get greater participation in oil exploration – Akufo-Addo

President Akufo-Addo, has reiterated his government commitment of ensuring greater Ghanaian participation in the exploration of onshore oil deposits in Ghana, particularly in the Volta basin as compared to offshore oil exploration which has large foreign participation.

According to him, Ghanaians will get the upper hand in the exploration of oil going forward.

He made this disclosure when responding to a request by the Chiefs, Queen Mothers and Elders of Avenor Traditional Council during an interaction with them at the Jubilee House today.

He welcomed a call by the Paramount Chief of Avenor, saying, the Ghana National Petroleum Corporation (GNPC) should be allowed to complete their ongoing studies about oil exploration in the area.

“Onshore is much cheaper to bring up than offshore oil. Offshore oil is a very expensive business and that is why you need these huge companies, ExxonMobil, and others, to be able to put the rigs into the seabed to bring up the oil. When it comes to onshore, the capital is not so expensive so we are hoping that if the studies confirm that there is indeed oil there, we can get as many Ghanaians as possible, people from the area and elsewhere to be involved in bringing it up and using it for our development” President Akufo-Addo assured.

In his address to the President, the leader of the delegation, Paramount Chief and President of the Avenor Traditional Council, Torgbe Dorglo Anumah VI, urged government to put in much effort as possible to explore abundant oil in the area.

Source: ClassFM

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