The Pecan South-1A well was drilled south of the main Pecan field in the DWT/CTP block and encountered oil. "Aker Energy is in the process of analyzing the well result and will commence further drilling in order to verify the volume estimate. These volumes will be an addition to the gross contingent resources (2C) from the existing discoveries in the area, previously estimated to 450 - 550 mmboe," the statement said. Jan Arve Haugan, CEO of Aker Energy added: "We are pleased to announce another successful well as the operator of the DWT/CTP block. The drilling result is another confirmation of the geological model for the area. The discovered resources from the well will further strengthen the robustness of the Pecan field development. We will now continue the appraisal drilling campaign, while finalizing the Plan of Development to be submitted by the end of March". "The drillship Maersk Viking will now drill a sidetrack well in Pecan South, before relocating to drill the third well in the ongoing appraisal campaign, Pecan South East. Based on the Pecan South result and pre-drill estimates of Pecan South East, Aker Energy estimates that the total volumes to be included in a Plan of Development (POD) have the potential to increase to between 600 - 1,000 mmboe. Aker Energy sees further upsides in the area. The company has identified multiple well targets to be drilled as part of a greater area development after submission of the POD". Aker Energy is the operator of the DWT/CTP block with a 50% participating interest. Aker Energy's partners are LUKOIL (38%), the Ghana National Petroleum Corporation (GNPC) (10%) and Fueltrade (2%). <b>Source</b>: <a target="_self" href="https://www.graphic.com.gh/business/business-news/aker-energy-announces-oil-discovery-in-ghana.html">Graphic Online</a>
Prefos, credited with the installation of some of Ghana's street lights and a contributor to the country's rural electrification project since 1991, is also expected to build a training school in Burkina Faso as part of its transfer technology process and youth empowerment. <b>Delegation</b> A delegation from the Burkina Faso chamber of commerce, led by its representative in Ghana, Abdoulaye Sherif Ouedraogo, including their Member of Parliament and businessman, Ouedraogo Abdoul Akim, were in Kumasi last week Thursday to tour the facilities of the company to satisfy themselves before finalising the talks which started in September last year. The General Manager of the company, Frank Agyemang, who gave an assurance of his outfit’s preparedness to do business in Burkina Faso, also hinted that an industrial hub, known as the 'Prefos Industrial Zone', was being built to manufacture electrical cables and poles, solar lights and the assembling of LED lights. The Chief Executive Officer of the Ghana Chamber of Commerce, Mark Badu-Aboagye, commended Prefos for being an integral part of the Ghanaian economy and helping train a lot of youth through its training schools. He said the collaboration would help expand the economies of both countries and help alleviate poverty. Mr Ouedraogo said it was time African countries came together to promote trade and present a united front to compete with the rest of the world. <b>Source:</b> <a target="_self" href="http://2. https://www.graphic.com.gh/business/business-news/ghananews-prefos-to-break-into-burkinabe-market.html">Graphic Online</a>
Fabrice Cambolibe, the Vice President and Chairman of the Africa-Middle-East-India (AMI) Region at Renault, disclosed this when he called on President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra. He told President Akufo-Addo that Renault had studied keenly the business climate in Ghana adding; "We will see if our capacity to bring our products to this country are marching with your policy and, if it is okay, we will be delighted to do that.” “I have noticed a lot of values in the country, and they are very important to us. I hope that we will be able to concretize it in a really hard project, not a short-term project, but a long-term project, and if everything is matching, we will come back to you as soon as possible." President Akufo-Addo welcomed the news by the French automaker to establish in Ghana, saying it is an indication of the confidence the world has in the country’s economy and the business-friendly policies the Government had instituted over the past two years. Ghana, he said, with its geographical location and sound economic policies and outlook, was the most ideal country in West Africa to establish an assembly base. Noting that Ghana had now become the largest recipient of Foreign Direct Investment in West Africa, the President said Renault could not have picked a better location to pitch camp. "We are the second largest economy in West Africa. So there are lots and lots of reasons why Ghana is a well-positioned place for you. "We are looking upon ourselves as the gateway to West Africa, to a market of some 350 million people, which is scheduled to go up to 500 million people by the year 2030. So we think that it will be a good place for you to make it,” the President said. Renault was established in 1899. The company produces a wide range of vehicles including cars and vans, trucks, tractors, tanks, buses/coaches and autorail. In 2016 Renault was the ninth biggest automaker in the world by production volume. By 2017, the Renault–Nissan–Mitsubishi Alliance had become the world's biggest seller of light vehicles, bumping Volkswagen AG off the top spot. Headquartered in Boulogne-Billancourt, near Paris, the Renault group is made up of the namesake Renault Marque and subsidiaries, Alpine, Automobile Dacia from Romania, Renault Samsung Motors from South Korea, and AvtoVAZ from Russia. It has a 43.4 per cent controlling stake in Nissan of Japan, and a 1.55 per cent stake in Daimler AG of Germany (since 2012, Renault manufactures engines for the Daimler's Mercedes A-Class and B-Class cars). Renault also owns subsidiaries RCI Banque (automotive financing), Renault Retail Group (automotive distribution) and Motrio (automotive parts). <b>Source</b>: <a target="_self" href="https://www.graphic.com.gh/business/business-news/renault-plans-to-establish-assembly-plant-in-ghana.html">Graphic Online</a>
The Delegation of German Industry & Commerce in Ghana (AHK Ghana), which is part of the network of bilateral chambers, delegations and representatives of German business abroad, consults and represents German companies that wish to develop and expand their business activities to Ghana. Through its Competence Centre for Energy & Environment, they offer tailored market advice and support services in the form of high-value market studies, fact-finding missions, capacity building workshops, conferences and business-to-business matchmaking to companies looking to expand to Ghana and francophone West Africa. Today, the Delegation of German Industry & Commerce in Ghana (AHK Ghana) set out a blue print for sustainable access to clean drinking water and sustainable water management in Ghana. Drawing on the current situation, trends with analysis and evidence from leading experts and stakeholders in the water sector, AHK Ghana has outlined top priorities areas with a focus on developing holistic approaches to the challenges facing the water sector in Ghana. With support from the German Federal Ministry for Environment, Nature Conservation and Nuclear Safety’s BMU Environmental Technologies Export Initiative, the Delegation of German Industry & Commerce in Ghana (AHK Ghana) will organize a stakeholder workshop on Tuesday, 13th November 2018. The workshop will serve to facilitate a professional and solution-oriented exchange between relevant actors from Ghana and Germany. In addition to a transfer of knowledge and approaches to financing; technical expertise and capacity building, the foundation for further practical cooperation between the participants will be laid out in a strategy paper. The workshop will focus on government officials, NGOs, civil society organizations, the private sector, banks and development organizations involved in this topic. The workshop will not only focus on fundamental knowledge but also provide a practical approach (strategy paper) delivered by the participants with the aim to: <ol class="rte_ol"><li>Develop a strategy paper which identifies the solutions and next steps for building sustainable water management and drinking water supply practices in Ghana.</li><li>Invite technical inputs into the proposed strategy paper to enhance its efficiency and relevance of future projects in the water sector in Ghana.</li><li>The establishment of a regional competency centre for water in Ghana, a central coordination platform, with regular coordination meetings with all relevant stakeholders</li></ol> About the Project The Delegation of German Industry & Commerce in Ghana is implementing the project as commissioned by the German Federal Ministry for Environment, Nature Conservation & Nuclear Safety (BMU) under the Environmental Technologies Export Initiative. The Environmental Technologies Export Initiative focuses on the transfer of knowledge and technology, especially in areas of competence which includes water and waste water management. The initiative aims to support the development and realization of projects using innovative solutions and technologies as a feasible alternative to conventional methods in emerging markets, via providing market information, capacity building for local actors and facilitating business partnerships and the exchange of experience and expertise between German and Ghanaian companies.