Government has responded to critics who say it is not showing sufficient commitment to fast-track processes towards commercial oil production this year.
It announced through the Energy Minister that drilling at the Jubilee fields will begin in the last quarter of 2010.
But some experts have criticized what they say is the apparent delay in passing a law to regulate the sector ahead of the planned drilling.
Government has now reacted saying it will not be rushed into commencing production.
Deputy Information Minister Samuel Okudzeto tells Joy News government is doing all that is necessary to reap the full benefits of the find.
“Everything is going according to plan,” Mr Ablakwa said, adding that a draft of the bill has already been sent to Cabinet and must soon be presented to Parliament on the next sitting of the House.
“We are working according to a timetable and we are confident that we’ll meet all these targets,” he added.
Government's reaction comes amid investigations into fraud allegations against key partners in the Jubilee oil fields, Komos Energy and EO Group.
Whilst critics have described the move as political witch hunting government says it means well.
Similar investigations are being conducted in the US and there are strong indications the officials are likely to face charges including causing financial loss and money laundering.
The local partners to Komos are accused of using their links with the former government to secure favourable deals to explore oil at the jubilee fields.
Source: Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Revisiting the forensic audit EC will increase credibility of future elections – Omane Boamah
1 hour -
Africa Food Systems Parliamentary Network urges governments to increase investment in agriculture
9 hours -
AU and partners urge youth to get involved in efforts to transform continent’s food systems
9 hours -
Fire kills 3-year-old at Asawase-Dagomba Line in Ashanti Region
10 hours -
Paskal A.B. Rois: How Mahama inspires me
10 hours -
Complete abandoned projects in Akatsi North District – Chiefs to Mahama
10 hours -
Painter and sculptor B. Acheampong turning his passion for art into profitable venture
11 hours -
Presidential lodge, RM residency in Ashanti region left to rot away
11 hours -
Herty Corgie highlights the essence of gratefulness in ‘My Gratitude’
13 hours -
ANNOUNCEMENT: Joy FM temporarily goes off air January 11
13 hours -
Yango honored with two titles at the Technovation Africa Awards 2024
14 hours -
Aowin Traditional Council declares war on illegal mining with spiritual intervention
14 hours -
Leadership must ensure equity for all citizens, regardless of faith – Asiedu Nketiah
14 hours -
Prof. Alex Manu appointed Executive Director at Centre for Social Justice
14 hours -
Imminent changes within some key security agencies, state institutions, and its implications
14 hours