The press in Accra on Tuesday focuses on the call for a review of the existing petroleum agreements by the Africa Centre for Energy Policy (ACEP), an energy Think Thank in Ghana.
The Daily Graphic reports that the group also called for abrogation of non-performing contracts in the interest of the nation, adding that its monitoring of 15 entities in the country has revealed that with the 12 that had a form of agreement were not living up to the task.
The Executive Director of ACEP, Mr. Benjamin Boakye, who made this known at a news conference in Accra on Monday, alleged that among the lot, Tullow Ghana Limited, ENI Ghana Limited and Aker Ghana Energy Limited were the ones that had been productive, while 12 others failed to “even drill a well, despite holding on to oil blocks”.
“The evidence from many of the existing contracts does not paint a sustainable picture for the industry because many of the companies have not delivered on the agreements signed with Ghana,” he pointed, noting that the time had come for a bold action to be taken on those entities to make Ghana more productive in the oil industry.
The Business and Financial Times, for its part, said the Minister of Finance, Ken Ofori Atta, has assured that government is on course to achieving its inflation target of 8 percent end-of-year inflation for the year 2019.
DAP/GIK/APA