Growth in Ghana - Forum with His Excellency President John Dramani Mahama

Discussion created by claire.phillips Champion on Mar 21, 2016

As part of Growth in Ghana Forum in Partnership with Aberdeen Grampian Chamber of Commerce & GE our local Aberdeen Women’s Network & African Affinity Group were honoured to be invited to the event which highlighted Ghana with a population of 26.5M as an emerging Oil & Gas location with an estimated growth rate of 6% for 2016 an increase on 4.1% growth from 2015, even in a turbulent economy.

The Ghana sector has expanded considerably after the discovery of the Jubilee oil field in 2007. Currently producing 120k bpd with an estimated opportunity to increase by another 80k bpd expected from first oil on a 10th field. Additionally, there are 16 new discoveries at various stages of appraisal which could potentially increase production to 300k bpd.

Opportunities are not restricted to oil and gas industry though, as part of his address Ghana President His Excellency John Dramani Mahama also reflected on the resourcefulness of his fellow Ghanaians, a great insight to the people and their culture. “The sweetness in the pudding is the eating, come and experience Ghana”. Additionally he gave an insight to the other growing sectors including Education, Communications, Construction, Agriculture & Fishery industries and Tourism as well as Power industry.

During open Q&A session with Ghanaian President, His Excellency was asked his thoughts on the current market. He stated “We are all riding the storm and pray for price recovery”.

With gas production increasing he continued, “..the plan would be to convert most gas produced to generate power to surrounding African countries including Nigeria”.

As part of the forum panel Mark Elborne – President & CEO GE UK & Ireland addressed the audience highlighting GE’s footprint in Ghana cuts across critical sectors, including healthcare, oil and gas, and power and the partnering with Alstom through production of a new power plant to support Africa in the demand for power.

As the panel broke the audience were then given an opportunity for Q&A with the Presidents supporting Ministers, notably a very diverse team with 3 of the 5 Government Ministers being female including; The Attorney General - Marietta Brew Appiah-Oppong, Minister of Foreign Affairs & Regional Integration - Hon. Hanna Tetteh, Minister of Trade & Industry - Hon. Dr Ekwow Spio-Garbrah, Minister of Petroleum - Hon. Emmanuel Armah-Kofi Buah & Minister of Education - Hon. Prof. Naana Jane Opoku-Agyemang which gave the audience an opportunity to discuss more details on Ghana growth. The event ended with a networking opportunity with the Ministers and additional networking through the Chamber invitees.

A great event overall, we were delighted to be invited. Victor Halm - SPS Engineering Quality Leader, a British-Ghanaian based in Aberdeen commented, “It’s surreal to see the Ghana President here in Aberdeen so up close & personnel, an opportunity I wouldn’t ordinarily get if I were in Ghana.. an inspiring collaborative event.. I’m proud to be both British & Ghanaian.”

The Aberdeen Women’s Network connected with the local Ghana team earlier this year so has given a great insight into the opportunities to expand our networking, with some events are already in planning between the two countries to expand our successful network.

Photo’s including our network attendees and panel; Ope Akanni - GE, Monday Ideho - GE, His Excellency John Dramani Mahama, Aberdeen Lord Provost George Adam, Claire Phillips - GE, Sarah Hazzard - GE, Raquel Castro - GE, Rt. Hon. Mark Simmonds - UK Government & Mark Elborne - President & CEO, GE UK & Ireland.