Ghana's Investment Climate Best In Sub-Region

The stable investment climate in Ghana has been described as the most receptive in the West African sub-region, making it the obvious choice for investors.

The security, ongoing infrastructural development, information technology structures and the mature human resource base are the requisite attraction for foreign investments.

This observation was made by Mr Mark Corrigan, the President of Schlumberger Limited, an oil and gas logistics supplier, during the inauguration of the Transportation Management Centre (TMC) and the corporate office in Accra.

He said the appropriate business atmosphere and environment in Ghana had been a major factor in having the Schlumberger TMC sited in Accra, instead of any other sub-Saharan African city.

In response, the Director of Administration of the Ghana National Petroleum Corporation (GNPC), Mr Edward Badoo, called on Ghanaians to justify the trust that foreign investors had reposed in them and accept it as a big challenge.

He advised investors to respect the laws of the country and co-operate with the authorities in their dealings. Schlumberger, which operates in 80 countries in North America, Latin America, Europe, Africa, the Middle East and Asia, with 23 research, development and technology centres, offers services in open-hole and cased-hole wire-line logging, drilling services, well services, such as coiled tubing, stimulation and sand control, well testing and artificial lift, among others.

The centre will serve as the hob for the management of Schlumberger facilities in sub-Saharan African countries in air and marine transportation of equipment and materials for oil field activities.

Author : Rockson Asmah