Government institutions and corporations exist to assist the government of the day in ensuring economic development in all sectors. For strong socioeconomic development, every country relies on its state institutions.
I would like to believe that Ghana has many government institutions capable of helping or assisting the economy’s development in some way.
Looking at the country’s energy sector, for example, the economy can be strong if the right things are put in the right place without any problems. Ghana National Gas Company, the country’s gas company, has signed a project implementation agreement for the GPP gas processing plant Train-2 project, indicating the gas company’s willingness to expand its territory in order to employ more Ghanaians and help reduce the country’s unemployment rate.
According to Ghana’s Finance Minister, Ken Ofori-Atta, in his 2023 budget statement to Parliament, at its first regular quarterly retreat for 2022, Cabinet deliberated extensively on a number of issues and approved measures to support current efforts to address the challenges Ghanaians were facing.
“It should also be stressed that several governments in both developed and developing countries are busily coming out with various prescriptions to bring their economies back on track, after the devastating impact of COVID-19 which distorted global supply chains, and the ongoing Russia-Ukraine war,” he stated. The minister again said two forces shaping global events were the novel coronavirus pandemic and the crisis in Ukraine and Ghana’s decision to focus first on protecting lives and then livelihood paid off.
Ghana is faced with serious economic challenges that need to be addressed within a short period of time in order to reignite the passion and confidence the citizenry have. The ordinary Ghanaian wants to see money in his pocket, direct or indirect jobs and businesses. There are others who believe that Ken Ofori-Atta must be sacked or be made to resign in order to have a new person for economic turnaround. All expect that Ghana as a country, with good policies, and implementations will bring back the confidence reposed in the government. In today’s Ghana, the economy doesn’t look attractive and there is waning confidence in doing business.
Chief Executive Officer of Ghana National Gas Company Limited Dr. Ben Asante, since the incorporation of Ghana National Gas in July 2011, has tremendously transformed the fortunes of the gas company, expanding in terms of infrastructure, natural gas, employment and recently signed the implementation of building a second gas processing plant GPP train 2. The GPP train 2 when completed will process raw gas with natural gas liquids (NGLS) being fractioned into pure components like propane, butane, pentane, and stabilized condensate components from the jubilee and TEN fields.
Again, the lean gas containing methane and ethane shall be tied into the lean gas export from the existing GPP train 1 and delivered into the onshore export pipes. The GPP train 2 will have a capacity of 150million standard cubic feet per day (MMscfd), expandable to 300MMscfd. This will increase the national gas processing capacity to 450MMscfd.
Also, the GPP train 2 will have other components such as a storage facility and an additional compressor package at the Atuabo Mainline compressor station and provision of utilities and liquid waste treatment system. Through the company’s contribution in the area of education across the country, health, water and sanitation, sports and sponsorships packages for individuals and corporate organizations, are the benefits from the gas company’s proceedings and the sustainability of the indigenization drive brought by the current CEO, Dr. Ben Asante.
I would want to believe that the country has a solution in the shortest possible term to turn things around for the best ability of the Ghanaian people. Dr. Ben Asante, with his training abroad in the United States and Canada, and with over 26 years of experience, wants to take the gas company global after seeing to its expansion within the country. The company’s core mandate is to gather, process, transport, and then sell natural gas and natural gas liquid for both power and non-power application. The leadership and involvement of the oil and gas expert in signing the second agreement to build the GPP train 2 is one of his biggest achievements as the Chief Executive Officer of the country’s gas company. The GPP train 2 forms part of the GNGC’s strategic development plan and expected to increase the national gas processing to 450 MMscfd. The plant would help this country to generate more megawatts of electricity and ultimately solve the perennial power outages “dumsor” experienced in Ghana as Dr Ben Asante revealed a couple of weeks ago.
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The gas company’s contribution to touching lives in the various communities cannot be overlooked since it believes in extending assistance across the country. All these by the gas company are ways of supporting the growth of the economy and development.
The gas company believes in three pillars of development aimed at contributing tremendously to the economy of Ghana and these pillars include business, personnel and community development. The business aspect sees to the operations of the company which is on the daily basis, maintenance which is what the company does on regular basis and expansion, which led to the recent signing of the GPP Train 2 Project. The personnel or staff development looks at building and enhancing indigenous intellectual capabilities of the individuals for the sustainability of the industry and the community development, where the company looks at the affected area, extending helping hand with the provision of developing communities through education, health, sports and water and sanitation. This pillar is so dear to the gas company and the highly respected CEO as he seeks the development of his personnel or staff. The development of every staff or personnel of a company is to assure of a long-term development of the company. One of the gas company’s contributions to the community is the biggest in the Ashanti Region – the construction of a community center in Juansa which is yet to be commissioned and handed over to the township. The already commissioned Kumasi 12-unit Technical University Campus in Juansa, Asante Akyem Agogo’s Astro-turf with VIP stands for the community, Ketasco 8-unit commissioned girls’ dormitory in the Volta Region, the construction of a trauma center in the Western Region, the biggest in the Region, I am told, to take care of all trauma and related issues, are all to ensure that the comany benefits all. A 12-unit classroom block commissioned at Faith Presbyterian School in Shiashie, a FIFA standardized astro-turf at the Ghana Prisons park, a similar one at Sakumono government school, an administration block at the former president of Ghana’s seniro high school, JA Kufuor SHS, construction of information and communication center at Nanton in the Northern Region, construction of a community health based planning services (CHPS) at the Tamale Metropolitan Assembly, construction of a 2-storey 12-Unit classroom block in Karaga, construction of a modern tennis facility at Tema community 11 for sports development, financial support for Ghana AIDS Commission to support HIV and AIDS response by the Ministry of Finance, support the Ministry of Finance for the payment of outstanding Sankofa Gas invoices, budgetary support to Ghana Cylinder Manufacturing Company Limited, supporting government institutions contributing to the various national football teams especially the senior national soccer team Black Stars 2022 AFON and World Cup and clubs, individual support and many more are a;;to ensure that the gas company benefits all.
These projects and contributions and many more are all contributing factors to Ghana’s economy and development.
