<\/a>Ghana\u2019s foreign exchange reserves are expected to receive some significant boost in two years when the Tweneboa, Enyenra and Ntomme (TEN) and Sankofa-Gye Nyame projects come on stream.<\/p>\nThe TEN project is expected to deliver its first oil in 2016, with a production rate of 80,000 barrels of oil per day.<\/p>\n
While the Sankofa-Gye Nyame field has reserves of about 150 million barrels of crude oil.<\/p>\n
The field is also expected to load its first cargo of crude oil by 2016 and export its first gas by 2017.<\/p>\n
Foreign Exchange Reserves in Ghana decreased to 4699.48 USD Million in September last year from 5337.87 USD Million in August of the same year.<\/p>\n
From 2002 until 2013, Foreign Exchange Reserves averaged 2502.0 USD Million reaching an all time high of 5438.7 USD Million in January of 2013 and a record low of 300.3 USD Million in May of 2002.<\/p>\n
Finance minister Seth Tekper says the coming on stream of the two projects should boost the medium term prospects of increasing outputs and shoring up foreign exchange reserves.<\/p>\n
<\/p>\n
By: \u00a0Vivian Kai Mensah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana\u2019s foreign exchange reserves are expected to receive some significant boost in two years when the Tweneboa, Enyenra and Ntomme (TEN) and Sankofa-Gye Nyame projects come on stream. The TEN project is expected to deliver its first oil in 2016, with a production rate of 80,000 barrels of oil per day. While the Sankofa-Gye Nyame […]<\/p>\n","protected":false},"author":14,"featured_media":10902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[22,21,4],"yoast_head":"\n
TEN & Sankofa fields to boost Ghana\u2018s reserves - Citi 97.3 FM - Relevant Radio. Always<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n