• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Africa’s Gas-Centric Industrialization: Energy Minister proposes financial collaboration as Ghana sets eyes on hosting African Energy Bank

2 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
208
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa’s Gas-Centric Industrialization: Energy Minister proposes financial collaboration as Ghana sets eyes on hosting African Energy Bank

In a pivotal address at the Gas Day session of the Nigeria International Energy Summit, Dr. Matthew Opoku Prempeh, Ghana’s Energy Minister, underscored the transformative role of natural gas in steering large-scale industrialization across Africa. Dr. Prempeh emphasized the imperative for African governments to financially contribute to the development of natural gas resources, deeming it a critical factor in sustaining viability.

Speaking on the importance of mobilizing funds, the Minister advocated for leveraging the support of the African Energy Bank, championed by Ghana and set to establish its headquarters in the nation. He proposed utilizing this platform to secure competitive financing, accelerating the development of natural gas projects and fostering infrastructure for research, processing, transportation, and transformation of the continent’s abundant natural resources.

“We can leverage the African Energy Bank which Ghana is supporting and whose headquarters Ghana expects to host, to raise competitive financing for the faster development of natural gas projects and the development of infrastructure for research and development, and for processing, transportation and transformation of our natural resources,” he said.

Africa, home to some of the world’s largest gas reserves, sees Nigeria at the forefront with over 200 trillion cubic feet of gas. Dr. Prempeh highlighted other key players in the Sub-Saharan region, including Mozambique, Angola, Senegal, and Cameroon. Ghana, meanwhile, intensifies exploration and development efforts for sustainable oil and gas production.

In his forward-looking vision, the Energy Minister anticipated a decade marked by substantial investments in natural gas infrastructure. This encompasses pipelines, LNG terminals, power plants, and petrochemical establishments. He sees this as a unique opportunity for Africa to assert control over its destiny.

Dr. Prempeh stressed the centrality of infrastructure development in unleashing the untapped potential of natural gas resources. He commended initiatives such as Dangote’s oil refinery and petrochemical complex in Nigeria, and Ghana’s efforts, including the recently commissioned oil refinery and ongoing projects like the Tema LNG Terminal.

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Ghana looks to Nigeria as a principal supplier of cost-effective and reliable gas, complementing domestic sources and the West African Gas Pipeline. The proposed Nigeria to Morocco pipeline, Dr. Prempeh believes, will not only stimulate gas patronage but also expand the market across the continent, particularly in countries along the pipeline route.

Tags: Africa's Gas-Centric Industrialization: Energy Minister proposes financial collaboration as Ghana sets eyes on hosting African Energy BankAfrican Energy Bankgas Industrialization
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.