Ghanaian government approves $850m gas project
Friday, Feb 24, 2012 Filed Under :Planet Talk Card News
Those planning to make cheap calls to Ghana should be aware the government has approved an $850 million gas project that will form a large part of the nation’s efforts to bolster its economy.
Parliament agreed yesterday (February 23rd) that the sum could be borrowed from the China Development Bank for natural-gas infrastructure that would deliver increased pipelines from the Jubilee Oil Field and other future gas outlets, Ghana Business News reported.
Among the ministers present in parliament to give the initiative the go-ahead were chairman of the finance committee James Klutse Avedzi, as well as Haruna Iddrisu and Paapa Owusu Ankomah.
Mr Iddrisu believes the project will help diversify the economy so that opportunities for the development of oil industries in the western region would arise.
The move will be developed alongside the recently set-up Ghana National Gas Company, and would see among its pipelines a new route between Takoradi Thermal Power Complex and the West African Gas Pipeline Project.
Earlier this week, it was revealed a new taskforce was to be launched to tackle non-Ghanaian traders operating in restricted areas.
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