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Business News of Monday, 4 April 2016

Source: Nana Yaw Baafi

GE Oil & Gas stress readiness to support Ghana energy sector

President John Mahama meets members of the GE Team President John Mahama meets members of the GE Team

GE Oil & Gas’ global footprint is a key asset in underpinning growth and development in key energy regions the world over. It leverages their global network of facilities and expertise in support of customer operations in existing and emerging countries with oil and gas interests.

Last month, leaders from both GE and GE Oil & Gas took the opportunity to reinforce our organization’s commitment to supporting Ghana’s energy potential, during a visit to Aberdeen, UK by His Excellency President John Dramani Mahama.

With Ghana keen to tap into the oil and gas expertise built up in the North-East of Scotland over more than 50 years of offshore operations, the Aberdeen & Grampian Chamber of Commerce organized a Growth in Ghana forum as part of the Presidential visit to Scotland, designed to provide a platform for companies to come together to discuss the multi-sector opportunities available in the country.

CEO & President of GE Oil & Gas’ Subsea Systems & Drilling, Neil Saunders, and CEO & President of GE UK & Ireland, Mark Elborne had the opportunity to meet with His Excellency President Mahama in person, discussing GE’s focus and commitment to supporting the growth and development of Ghana’s industrial sector.

Mark Elborne said: “I was honored to meet H.E. President John Dramani Mahama today. At GE we share the people of Ghana’s desire to develop the critical infrastructure needed to power the country’s future.”

GE’s long history of investment in Ghana dates back to the 1960s, with the provision of equipment for the construction of the Akosombo Dam. Today, it continues to work closely with the country’s leaders on plans to develop the critical infrastructure needed for continued energy management in the country.

More recently, in 2014, GE opened a new 200-capacity permanent office in Accra. Today GE counts a total of over 70 employees in the country – the vast majority of whom are Ghanaians. In April 2015 GE announced the award of an $850 million order for the supply of equipment to the Offshore Cape Three Points (OCTP) block.

This project is currently being executed and, as part of this activity, GE Oil & Gas has committed to long-term capacity building in the region, including the construction of a manufacturing facility in Takoradi Port, due for completion by end-July.