Ghana's Vice President has told a visiting Trinidad and Tobago trade delegation his country would adopt the Trinidad and Tobago model of managing its oil resources
John Mahama said he plans collaborate more with Port of Spain to find out how best to implement the model, which primarily aims at channelling revenue from oil resources into providing social amenities and development of infrastructure.
Mahama was said one of his government's priorities in the oil sector is to build the necessary human resource capacity to effectively manage the industry, adding that Ghana would not hesitate to work with Trinidad and Tobago in that regard.
The delegation was led by Trinidad and Tobago's High Commissioner to Nigeria, Victoria Mendez-Charles. She said her country is eager to improve relations with Ghana.
She noted that the Manning administration believes that the promotion of south-south cooperation is vital to the growth of developing countries, especially in Africa.
She was pleased that Ghana wants to adopt the Trinidad model, which she said is "an engine for effective national development."
She also extended an invitation to the Presidency to attend the next Commonwealth Head of Governments Meeting (CHOGM) in Trinidad and Tobago from December 27 to 29.
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