With the objective of further intensifying Guyana-Ghana relations, Vice President of this West African nation Dr. Mahamudu Bawumia arrived in Guyana at the Cheddi Jagan International Airport (CJIA) on Saturday afternoon.
Over the next three days the Ghanaian VP, his 18-member delegation, as well as businessmen from the country’s private sector, will be engaging in high-level discussions with President Dr. Mohamed Irfaan Ali; Vice President Dr. Bharrat Jagdeo; Minister of Natural Resources Vickram Bharrat and other government officials. The delegation will also be engaging with Guyana’s private sector to discuss possible investment partnerships. Further, the VP is also slated to meet with members from the Ghanaian diaspora and will be visiting the University of Guyana.
Oil producers Guyana and Ghana agree to enhance collaboration
Earlier in October, Vice President Dr. Bharrat Jagdeo had paid an official three-day visit to the Ghanaian nation, aimed at enhancing and fortifying the bilateral ties between the two oil-producing countries. Development practices in local content and oil and gas legislation, as well as the best practices for the exploitation of hydrocarbons, were just some of the experiences that were shared with Guyana’s Vice President Dr. Bharrat Jagdeo from his Ghanaian counterpart.
Government proceeding with caution in major oil production ramp-up, Guyana VP tells Ghana radio
Ghana has been providing support to Guyana on amendments to the National Resources Fund (NRF) and its local content legislation. OilNOW reported on Saturday that Guyana’s Attorney General and Minister of Legal Affairs Mohabir Anil Nandlall SC and legal officers met with Professor Joe Amoako-Tuffour, Secretary and member of the Economic Management Team attached to the Office of Vice President of Ghana.
At that meeting, which was held on Wednesday, Professor Joe Amoaka-Tuffour had shared lessons that were learnt by the Ghanaian government when drafting its wealth fund legislation. The senior academic also related the experiences of eight oil-producing countries which he had studied and explained the various strategies and mechanisms that were implemented to overcome the myriad of obstacles.
Amoaka-Tuffour was quick to caution against Guyana aspiring for the “perfect legislative framework” based upon other countries. He emphasized that with time and experience, Guyana will have to develop its own “unique” framework.
Meanwhile, prior to departing Guyana, Vice President Bawumia is expected to co-host a press conference with his Guyanese counterpart, Vice President Jagdeo.
