• About
  • Advertise
  • Privacy & Policy
  • Contact
Newstitbits
Advertisement
  • HOME
  • NEWS

    Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    Cardinal Peter Appiah Turkson

    Every Ghanaian must contribute to nation-building – Cardinal Turkson

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    Elliot Fertik, the Consul General at the US Embassy in Ghana

    US visa tips: 10 key insights revealed by the US Consul General

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
  • HOME
  • NEWS

    Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    Cardinal Peter Appiah Turkson

    Every Ghanaian must contribute to nation-building – Cardinal Turkson

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    Elliot Fertik, the Consul General at the US Embassy in Ghana

    US visa tips: 10 key insights revealed by the US Consul General

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
Newstitbits
No Result
View All Result

Our Vision is to make Ghana a petroleum hub – Dr. Bawumia

June 7, 2018
Reading Time: 3 mins read

The Government of President Nana Addo Dankwa Akufo-Addo has a vision to develop and position Ghana as a Petroleum Hub for the West African sub-region, the Vice President, Dr Mahamudu Bawumia, has announced. The vision, which is one of Government’s strategic anchor initiatives, will also lead to the establishment of Ghana as Petrochemical hub to supply refined Petroleum products to meet the demands of the West African sub-region and eventually for the continent, and further develop Ghana’s Petroleum Downstream sub-sector, according to the Vice President. The Vice President announced government’s intentions for the Petroleum sector when he gave the keynote address at the 2nd Edition of the Ghana International Petroleum Conference in Accra on Thursday 7th June, 2018. Under the theme “Realizing the Vision of a Petroleum Hub”, the conference brings together industry leaders across the world to explore and discuss varied ideas and strategies that would ensure the achievement of Government’s vision. Conference participants would also undertake a comprehensive review, after more than a decade of implementation, of the deregulation policy to determine if the intended objectives of the policy have been achieved. “The Government of Ghana has a vision to develop Ghana as a hub for refined petroleum products for the West Africa sub-region and the continent. The concept of a ‘Petroleum Hub’ is one of Government’s strategic anchor initiatives that would serve as a new pillar of growth in the Ghanaian economy,” Dr Mahamudu Bawumia stated. “The project will accelerate the growth of Ghana’s petroleum downstream sub-sector and make it a major player in the economy and consequently ensure development of sustainable value, wealth creation and the progress of industry.” Vice President Bawumia explained that a successful implementation of the project would, apart from creating employment, have immense benefits for the players in the industry as well as the nation as a whole. “The Petroleum Hub project will increase the presence of major international oil trading and storage companies, create regional trading champions and encourage joint ventures between local and international companies for knowledge transfer and wealth creation. It will provide value addition in our petroleum industry,” he added. Alluding to the expected increase in Ghana’s refining capacity, Vice President Bawumia urged local industry players including Petroleum Service Providers (PSPs) and Bulk Oil Distributors (BDCs) to re-examine their business models to take advantage of the expected increase in business and take the necessary steps, including possible mergers and acquisitions, to position themselves to become multinational operators. “The development of a hub in Ghana will require an increase in the country’s refining capacity beyond current levels, both to meet domestic demand and for export. It is therefore important that our PSPs especially the BDCs change their business model to respond to the hub plans, as there would be more products for export than their current model of importing the shortfalls in production.” The two day Conference is being attended by key stakeholders including Minister for Energy, Hon Boakye Agyarko; Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli; as well as the heads of Bulk Distribution Companies and Oil Marketing Companies (OMCs). Source: 3news.com | Ghana]]>

Previous Post

Martin Amidu shies away from Nyantakyi’s prosecution?

Next Post

Government dissolves Ghana Football Association

Related Posts

Cynthia Morrison

Agona West MP deserts NPP, promises ‘doku’ to women as she goes independent

Akufo-Addo advocates Pan-African Mobile Interoperability System in APD 2024 Compact

Akufo-Addo accepts KPMG’s advice to end upstream petroleum and minerals audit service provided to GRA by SML

Who will reject such offer? – Gyan ready to be Bawumia’s running mate

Who will reject such offer? – Gyan ready to be Bawumia’s running mate

Charles Osei Asibey

Charles Osei Asibey declines to serve on Bawumia campaign manifesto committee

Next Post

Government dissolves Ghana Football Association

UK lacks 'guts' in Brexit talks - Johnson

Recent Posts

  • Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access
  • Every Ghanaian must contribute to nation-building – Cardinal Turkson
  • From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school
  • IMF Executive Board approves $370m disbursement for Ghana
  • “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder
  • Opinion: Let the Truth Lead: Ohemaa Akosua Asantewaa and Kwaafo Royal Family Key to Resolving Kwahu Chieftaincy Crisis
  • MP for Akwatia Ernest Kumi is dead
  • 24-Hour Economy policy: Game-changer that needs flawless execution

Popular Stories

  • Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    0 shares
    Share 0 Tweet 0
  • MP for Akwatia Ernest Kumi is dead

    0 shares
    Share 0 Tweet 0
  • Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    0 shares
    Share 0 Tweet 0
  • 24-Hour Economy policy: Game-changer that needs flawless execution

    0 shares
    Share 0 Tweet 0
  • Opinion: Let the Truth Lead: Ohemaa Akosua Asantewaa and Kwaafo Royal Family Key to Resolving Kwahu Chieftaincy Crisis

    0 shares
    Share 0 Tweet 0

ABOUT US

Newstitbits.com is a 21st Century journalism providing the needed independent, credible, fair and reliable alternative in comprehensive news delivering that promotes knowledge, political stability and economic prosperity.

Contact us: [email protected]

@2023 – Newstitbits.com. All Rights Reserved.

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • NEWS
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH

@2024 - Newstitbits.com. All Rights Reserved.