A training program on Oil and Gas and Financial Reporting has been held for some selected media practitioners in Accra.

The two-day training program, which was organised by  the Ghana News Agency (GNA) and KOSMOS Energy, an oil exploratory company,  bordered on oil and gas exploration, some dynamics of downstream oil marketing and financing by stakeholders of the oil industry.

In his welcome remarks, the Chief Executive Officer of  GNA, Dr Bernard Otabil, underpinned the importance of the training programme, noting that Ghanaians ought to understand the concept behind agreements between government and companies involved.

Dr Otabil expressed regret about the lack of understanding on the topic of Oil and Gas exploration and other financial related issues by the media.

He said the onus, therefore, rested on the media as the fourth estate of the realm to give a proper account of the industry in Ghana to the understanding of the public.

He cautioned participants not to be “generalists but journalists” in other to be able to impact knowledge to their consumers and urged them to take the training seriously and become credible and reliable sources of their information.

In an address, the deputy finance director of KOSMOS Energy, Mr Kofi Opoku, added that the herald of news on oil exploration by KOSMOS Energy seven years ago undoubtedly opened up a way of expectation among Ghanaians.
Mr Opoku said that was expected because of the knowledge of what that commodity could do in terms of positive changes on the country.

He said Ghana had its first oil production in 2010 and KOSMOS Energy believed that knowledge in capacity building on the oil and gas sector was necessary.

He emphasized that effective and accurate reporting was essential to enhance public knowledge and education. “KOSMOS sees this part of capacity building much part of its responsibility as an exploration and production company,” he added.

Mr Opoku   urged the media to take key interest in the oil and gas industry and be propagators on the issue at hand.
Source: ISD

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