President-Akufo-Addo introducing members of his government to the Italian Prime Minister Paolo Gentiloni in Ghana
ACCRA, GHANA – The leaders of the West African nation of Ghana and Italy have resolved to deepen their two countries bilateral relations and explore areas of mutual interest.
Addressing a joint press conference at the presidency after holding bilateral talks with the visiting Italian Prime Minister Paolo Gentiloni in Accra, Ghana, host president Nana Akufo-Addo lauded the cordial relationship between Ghana and Italy.
Ghana’s President Nana Akufo-Addo said the relations between Ghana and Italy go several years back and that the arrival of Prime Minister Gentiloni was within the context of the strong relationship between the two countries.
The Ghanaian leader said the biggest investment in Ghana for over a decade now has been that which has been accomplished by the Italian state-owned petroleum company, ENI, which discovered an integrated oil field called the Offshore Cape Three Points in 2011.
“The ENI investment is extremely important for the future of our country, not only in developing our oil deposits but also, perhaps, even more significantly, in the gas resources that are going to be developed by them,” he said.
Adding, “the involvement of ENI gave the opportunity to Ghana to become increasingly self-sufficient in its energy generation,” he said.
Sources say the oilfield officially became functional in July, this year, and is expected to produce 45,000 barrels of oil per day at its peak while the production of 171 standard million cubic feet of gas per day will begin in 2018.
The Ghanaian leader said he hoped Ghana and Italy would play very constructive roles during an upcoming summit in defining the new understanding and relationship between Europe and Africa.
Prime Minister Gentiloni, according to sources, is expected to meet with business leaders in Ghana.