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General News
Turkey to build refineries in Ghana 12/17/2010
The Turkish government is to build refineries in the country to complement the government''s effort at refining crude oil locally.

In an interview with the Daily Graphic in Accra yesterday, the Minister of Foreign Trade of Turkey, Mr Zafer Caglayan, said the Turkish Petroleum Corporation and oil experts from Turkey would be discussing the details with their Ghanaian counterparts in the oil sector.

He said Ghana had a good future and bright prospects, considering the thriving democracy and the abundance of natural resources in the country.

Mr Caglayan said democracy and development were in tandem and that any attempt to downplay one affected the other.

He said the culture of Ghana had united Ghanaians, resulting in their embracing democracy very early, compared with other West African states.

He said the low quality of life in many West African states was due to the poor tenets of democracy in those countries and described Ghana''s economy as a thriving and shining star in Africa.

He said it was in view of that, that Turkey had made Ghana its priority country in sub-Saharan Africa.

Mr Caglayan said for a start, the Turkish government was working hard to further strengthen and improve upon the trade and commerce relationship between the two countries.

The minister, who was travelling with a 15-member trade delegation from Turkey, said they were also exploring other areas to invest in.

He said Turkey was expanding its frontiers in terms of industry and trade which included negotiating to purchase oil from Ghana, just as it subscribed to Ghana''s cocoa.

Mr Caglayan said Turkey is a very big country when it comes to trade and in view of that, the government had put in place investor-friendly laws to attract people from all over the world to invest there.

Source: Daily Graphic

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