- The New York Times reports that World Bank forecasts 8.3 percent growth for Ghana’s economy in 2018, driven in part by major offshore oil deposits
- Petrogress is seeking expansion in Ghana, where it already operates service and shipping facilities at the Port of Terma in Greater Accra
- In 2017, Ghana experienced a 124 percent oil export revenue increase over the prior year, The New York Times said, citing central bank statistics
Petrogress, Inc. (OTC: PGAS) is hoping to expand its operations in Ghana, West Africa. That nation, with its robust energy and diverse economic growth, is forecast to have one of the world’s fastest-growing GDPs globally. A recent article in The New York Times quoted the World Bank as projecting that Ghana’s economy will expand by 8.3 percent in 2018 (http://nnw.fm/Knsg4). In addition to increases from oil and energy exploration, sales, exports and operations, the Ghanaian economy will enjoy growth from other industries, such as cocoa and coffee exporting, the article reports.
Petrogress and its subsidiaries have already been operating within the energy sector in Ghana, and the company wants to expand operations in West Africa. It is authorized to conduct local sales of oil products and shipping business from the Port of Terma in Ghana. The goal of parent company Petrogress, which holds several…
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