From Ghana, CEOAFRICA gathered that a total of $20 billion has been prepared by the government to develop new oil discoveries over the next five years.

Disclosing this, Minister for Energy and Petroleum, Mr Emmanuel Armah Kofi Buah, said the huge investment is expected to boost the production of oil and gas in Ghana and consequently, the economy of the nation in significant measure.

Ghana, which is currently producing 110,000 barrels of oil daily, would add 80,000 barrels to that in the next five years.

The construction of a gas processing plant at Atuabo in the Western Region is scheduled to be completed in 2014, barring any challenges and it is expected to make enormous contribution to the country’s energy capacity.

The minister then pledges the Ghanaian government’s commitment to the development of the petroleum sector and solicited the support of all Ghanaian in that respect.

“It is, therefore, imperative that in their appraisals, development and production, Ghanaians must play key roles in all these activities,” he said.