With three more months left for Ghana to begin the commercial production of oil, Russia and Belarus have expressed their commitment to invest $1 billion in the country’s emerging oil and gas industry.

Other areas of interest to the two countries are gold production and the agricultural and health sectors.

Special envoys from Russia and Belarus made this known when they jointly paid a courtesy call on the Vice-President, Mr John Dramani Mahama, at the Castle, Osu in Accra yesterday.

The Head of the International Entrepreneur Committee of Russia, Mr Tkachuk Anatoly, and a Special Envoy of the President of Belarus, Mr Sheiman Viktor, said, “We want to be part of Ghana’s success story.”

The projects, which will be initiated under various investment arrangements in partnership with the Ghana government, are expected to generate employment for more than one million people.

“We are very good in oil, gas and gold. We want to set up a joint venture with you for the exploration of oil, gas and gold,” the envoys said.

In the area of agriculture, the delegation announced plans to establish a tractor assembly and fertiliser plants in the country and construct roads and bridges to link feeder roads in remote areas in farming communities.

In the meantime, the two countries are in negotiations with the Ghanaian leadership to supply fertiliser and defence machinery to Ghana.
To deepen economic co-operation with Ghana, the delegation announced that Belarus would set up an embassy in the country.

For his part, Mr Mahama said the country required substantial investment in infrastructural development, especially in the areas of roads, railway, agriculture, airport, education, among other things.

He underlined the need to strengthen diplomatic relations between Ghana and the two countries, indicating that Ghana had safe and credible credentials in constitutional governance and democracy which offered opportunities to the international business community to invest in the country.

Mr Mahama expressed delight at the determination of the two countries to invest in the country, adding, “We are ready to work with you and support bilateral talks.”

He said Ghana imported all its fertiliser needs for the agricultural sector, noting, “We want to see if we can produce fertiliser in Ghana.”