Audio By Carbonatix
President John Evans Atta Mills has cautioned his government will not hesitate to punish investors who take undue advantage of the people.
While promising to support foreign investors in their business endeavours, President Mills says the laws of the country must guide all.
He was speaking to officials of Kosmos Energy Exploration Group who paid a courtesy call on him on Thursday, at the Castle, Osu.
According to Stephen Anti, Joy News' Castle Correspondent, the meeting was held in a cordial, relaxed atmosphere, with the executives of Kosmos paying glowing tribute to Ghana’s democracy.
President Mills said the people of the Western Region must be made to feel the oil presence in their community, and advised Kosmos Energy to develop the community during their period of exploration.
He also advised the group to procure goods and services from local sources in order to promote business in the region.
Greg Hill, President of Kosmos Energy told Stephen Anti after the meeting, that figures emanating from the oil fields in Ghana were not bloated in order to boost the stocks of the company as has been speculated by the media.
He maintained Ghana has oil reserves in excess of two billion barrels which will be explored for the benefit of the country.
Mr. Hill was however evasive on what percentage of revenue from the exploration will be made available to government for purposes of development.
Story by Nathan Gadugah
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Clean Air Fund sets 2026 targets, pushing gov’t toward funding, tougher laws and real health gains on air pollution
16 minutes -
New Year begins with 15.92% water and 9.86% electricity tariff hikes
32 minutes -
TUC, PURC call for calm amid power tariff concerns, assure public of stakeholder engagement
35 minutes -
New VAT is a game changer for Ghana’s revenue collection – GRA Boss
1 hour -
Adom FM’s Strictly Highlife comes off today at Palms Convention Centre
1 hour -
Relive the 90s: Joy FM’s 90’s Jam takes over this Friday
1 hour -
Relieve Ato Forson of Defence role to protect fiscal discipline – Franklin Cudjoe to Mahama
2 hours -
Ghana at a ‘critical crossroads’, must mentor youth in integrity – Duffuor
3 hours -
Foreign Affairs Minister completes rollout of Passport Application Centres in all regional capitals
3 hours -
Deputy Foreign Affairs Minister commissions Passport Application Centre in Goaso
3 hours -
Choose people and planet over war – UN Secretary-General’s New Year message to world leaders
4 hours -
Police nab suspect over foiled gold robbery plot at Manso Abrense
4 hours -
Philadelphia Church camp meeting causes massive gridlock on Accra-Kumasi Highway
4 hours -
“Truth with danger saves generations” — Dr Duffuor urges integrity-led renewal in New Year message
4 hours -
Gold boosts Cedi to shatter 30-year losing streak
5 hours
