Sunday, June 7, 2009

NATIONAL SECURITY ASSURED OF LOGISTICS (PAGE 15)

THE government has given assurance that it will provide the needed logistic to the National Security to protect the country’s interest at the oil fields.
The Minister of Energy, Dr Oteng-Adjei, who gave the assurance said the Ghana Navy and the Ghana Army would be considered seriously and equipped to undertake that task.
Speaking at the oil and gas conference in Takoradi, the minister said ensuring maximum security for the oil industry and its associated industries was of great concern to the government.
He said first and foremost, the immediate attention would be to review the country’s policy on environment with a view of putting in place the requisite plans and actions to manage the resources to ensure sustainability.
Mr Oteng-Adjei said the classic example of sustainability was to meet today’s needs without diminishing the capacity of future generations to continue.
For the government, security and sustainability would be at the heart of policy making for the new industry—a non-labour intensive industry which was also dependent on finite resources.
“The expansion of recoverable reserves, the efficient and careful management of production and the maximisation of environmental impact, are primary consideration from the government’s perspective for sustainable development of the country,” he said.
Dr Oteng-Adjei said to achieve that objective, the government would provide the necessary support for the National Security to protect the country’s interest.
He called on the players in the industry to be transparent in their dealings.
The minister said the expectations of the people were high therefore, every player should ensure that they were transparent, diligent and accountable for the benefit of all Ghanaians.
“We must not forget that it may be achieved through institutional reforms and transparent regulations by the establishment of an oil revenue management authority as well as the creation of oil revenue fund,” the minister said.

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