Petroleum Minister Emmanuel Armah Kofi Buah says government will not approve any move by Tullow Oil to lay off some of its workers.
Joy Business gathers that the oil exploration firm's intention to lay off some of its staff is due to decline in crude oil prices.
Some analysts say the decision has also been fuelled by a $2 billion loss recorded by Tullow last year.
Tullow is looking to cut down its work force across the world.
But Petroleum Minister Emmanuel Armah Kofi Buah told Joy Business government is prepared to engage the exploration company to reconsider its decision.
General Manager of Tullow oil however says although lay offs are not off the table, no firm decisions have been taken.
He said Tullow is first considering restructuring its operations.
Oil services providers Halliburton, Schlumberger and Baker Hughes, have all indicated plans to cut their work staff because of declining crude prices.
Latest Stories
-
UEFA U-16 Tournament: Black Starlets bounce back with 5-1 win over Serbia
18 mins -
There’s nothing strange about changing colours for basic public schools – Education Ministry PRO
29 mins -
Diana Asamoah causes arrest of personal assistant over GH₵4k MoMo theft
41 mins -
Our mindset should breed excellence – Ace Ankomah
53 mins -
SML fully delivered on Transaction Audit Service Agreement with GRA
1 hour -
Government trying to hide something from SML/GRA contract – Arthur Kennedy
1 hour -
Don’t encourage lateness and foolishness – Ace Ankomah to UG Vice Chancellor’s award winners
1 hour -
‘Obroni wawu’ traders plan to protest over Kumasi Central Market Redevelopment delays
1 hour -
Gold Fields Ghana boosts cocoa production in Huni Valley District through Cocoa Farmers’ Support programme
1 hour -
Spanish government to oversee football federation after Luis Rubiales scandal
2 hours -
TikTok will not be sold, Chinese parent tells US
2 hours -
Bawumia is ready to announce his running mate – Miracles Aboagye
2 hours -
Works and Housing Ministry launches BENCHH 2024
2 hours -
You misunderstood Bawumia’s ‘driver’s mate’ analogy – Miracles Aboagye tells Naana Opoku-Agyemang
3 hours -
Bulk Oil Distributors object to government’s plan to designate BEST sole off-taker
3 hours