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Ghana, Ivory Coast Maritime Dispute Dampens Investors’ Confidence

Ghana, Ivory Coast Maritime Dispute Dampens Investors’ Confidence

From GhanaWeb

The dispute between Ghana and Ivory Coast over the ownership of the oil rich south deepwater Tano basin appears to be undermining investors’ confidence in the oil sector.

Although a report on that is yet to be laid in Parliament, Joy News has confirmed that two out of three companies shortlisted by the GNPC for oil exploration have pulled out, citing sovereignty issues.

Joy FM’s parliamentary correspondent Elton John Brobbey reports that the report of the Parliamentary Select Committee on Mines and Energy on the petroleum agreement between the Government of Ghana – Ghana National Petroleum Cooperation – and AGM Petroleum Limited, noted that ten companies submitted bid to explore for oil.

Read more at GhanaWeb