6th EOBS conference launched

The sixth edition of the Economic Outlook and Business Strategy Conference has been launched. The conference provides a platform for policy makers and players of particular industries to discuss and find solutions to problems facing the economy.

The sixth edition is on the theme “10 years of Oil and Gas: Challenges and prospects,” in line with the 10th anniversary of the exploration of oil in commercial quantities in the country.

At a press conference to launch the event, Board chair of African Business Media, organizers of the event, Alfred Yobo said the purpose of the conference is to raise issues that seek to enhance and boost investors’ interest in the economy.

“We thought 10 years was an ample time to do some introspection to get the key players of the oil and gas industry to review  what has been done so far and what should be done to enable Ghana achieve more. Oil can potentially drive economic growth, create more jobs and enhance development. The expectation was that the petroleum resource has the potential to lift Ghana further up above the middle income bracket and propel us to real development,” Yobo stated.

Production from the Jubilee field as at the third quarter of 2017 stood at 24.3 million barrels, being produced by Tullow and Kosmos with an additional 2.1 million barrels from the Sankofa Gye nyame field being operated by ENI and partners.

The conference is scheduled to take place on March 21, 2018 at the Labadi Beach Hotel.

Vice President Dr. Muhammadu Bawumia will be the key note speaker at the conference where representatives of the Energy Ministry, Petroleum Commission and the Energy Commission will also represent government at the conference.

Other industry players including representatives from ExxonMobil, Tullow Oil, Kosmos Energy, and ENI will also take part in the discussions.

By Nana Oye Ankrah