The governments of Ghana and Guyana have signed a Framework Agreement on Co-operation designed to actualise the growing strategic partnership between the two countries.
A number of Memoranda of Understanding (MoU) in the Petroleum and Investment promotion sectors have also been signed on Tuesday, December 7, 2021, in Georgetown, Guyana, at the end of a three-day official visit by the Vice President of Ghana, Dr Mahamudu Bawumia.
The signing of the Framework Agreement, witnessed by the vice-presidents of Ghana and Guyana, is the culmination of several months of high-level engagements between the two countries, including a three-day official visit to Ghana by the Vice-President of Guyana, Dr Bharrat Jagdeo, followed by a few weeks after, by a three-day visit by Ghana’s Vice-President Dr Mahamudu Bawumia.
Ghana’s Deputy Minister of Foreign Affairs and Regional Integration, Mr Thomas Mbomba, signed the Framework Agreement on behalf of the Government for Ghana, while Hon Hugh Hilton Todd, Minister of Foreign Affairs and International Cooperation, signed on behalf of the Co-operative Republic of Guyana.
Hon Mbomba also signed, on behalf of the Petroleum Commission of Ghana, a Memorandum of Understanding on cooperation in the petroleum sector with the Ministry of Natural Resources of Guyana represented by Hon Vickram Bharrat, Minister of Natural Resources, Minister Responsible for Petroleum, while Mr Alex Dadey, Board Chairman of the Ghana Investment Promotion Centre (GIPC), signed an MoU on Mutual Cooperation In Investment Promotion with the Guyana Office for Investment, represented by Peter R. Ramsaroop, Chief Investment Officer and CEO, Guyana Office for Foreign and Local Investments.
Among others, the parties to the Framework Agreement seek to promote Co-operation with the objectives of contributing to the development of their resources, by making efforts to ensure that the programmes and projects resulting from the Agreement are in accordance with the policy and development plan in the respective countries, as additional support to their internal efforts to attain the objectives of social and economic development.