The President of the Republic Ghana, Nana Addo Dankwa Akufo-Addo, is expected to sign a government-to-government Heads of Agreement with his Equatorial Guinean counterpart, President Teodoro Obiang Nguema Mbasogo, for the supply of Liquefied Natural Gas (LNG) from Equatorial Guinea to Ghana, for a period of 5 years.
The signing of the agreement will take place in the course of the Ghanaian President’s 3-day official visit to Equatorial Guinea, from Monday, August 21, to Wednesday, August 23, at the invitation of President Obiang Mbasago.
This agreement is intended to augment domestic supply over the period, and improve further Ghana’s power situation, both for local consumers and industry. Ghana, despite being an oil-producing country since 2011, is still a net importer of crude oil, including for both domestic and Industry use.
The purpose of the visit is to also deepen the cordial bilateral relations between the two countries, and explore possible areas of co-operation.