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Apr 13, 2011

$6.5m Norwegian support for oil sector

The Government of Norway has provided a grant facility of $6.5 million to Ghana to strengthen the environmental management of the oil and gas sector.
The grant is to assist in the establishment of environmental data, monitoring and information system, capacity building in environmental assessment, spatial and land use planning and coastal zone management. This was made known at the Flagstaff House in Accra, during the launch of the Ghana-Norway agreement on Oil Development, under the patronage of H.E. John Dramani Mahama, the Vice-President and the Norwegian Crown Prince Haakon and Crown Princess Mariti. The agreement was first signed in December 2010, to enable Ghana learn best industry practices from Norway and gain the relevant expertise and experience to ensure that the country gains maximum benefit from oil resources. Ms. Sherry Ayittey, the Minister of Environment, Science and Technology said the grant facility is to support the environment component of the agreement, to ensure that energy is produced and utilized in an environmentally sound manner. Source: ISD