and employment for over 60 per cent of the working population, Government committed to accelerate agricultural modernization and the transformation of the rural economy. This was to quicken the pace towards full domestic food security, increased agricultural exports, improvement in farm incomes, production of raw materials for value addition through processing, generation of employment and alleviation of poverty.
This was to be achieved through a number of productivity enhancing strategies including timely availability of needed farm inputs, opening up marketing opportunities for farmers, fishermen and upscaling credit support for agricultural processing.
Madam Speaker, much has been achieved through the targetted programmes implemented in the last four years and consistent with the commitments made by Government. I will mention only some of the major achievements in this regard:
1. In 2009, the Government restored the levels of customs duties or tariffs on imported basic food and thereby, paving the way for the revival and effective protection of domestic food supply.
2. Flowing from the above, this policy contributed to Ghana becoming self-sufficient in some basic cereals in 2010 and 2011 as total cereal production exceeded national demand.
3. Consequently, domestic maize production recorded surpluses in 2010 and 2011 in spite of adverse weather conditions in 2011 and rice output doubled
from the 2008 level in 2011, resulting in a corresponding 50 per cent reduction in r ice imports.
4. Cocoa production exceeded one million tonnes for the first time in 2010/2011.
5. Cotton production which had reduced to an output of 5,000 tonnes in 2008 increased substantially by 900 per cent to 50,000 tonnes in 2011.
6. Total fish production including marine fisheries saw substantial increases due to the Government's support to subsidised premix fuel, outboard motors and technical backstopping to artisanal fishermen and through deliberate policies to promote aquaculture.
7. Agricultural productivity generally increased through uptake of fertilizers by farmers, the use of agrochemicals, pesticides and improved planting materials.
8. Ghana achieved the lowest annual food price inflation over a twenty- year period in 2011.
Madam Speaker, this Administration has also encouraged and created the platform for the increasing emergence of Public-Private Partnerships in agriculture. Under the tutelage of the Government, agricultural investors, both domestic and international, have found a friendly environment for creating farms that operate an out-grower system where thousands of small holders are gaining access to technology and markets, through nucleus farming.
Not only have we just concluded a multi-million dollar commercial agriculture facility involving the Ministry of Food and Agriculture and multiple donors, we also ensured that that initiative moved immediately into high gear with already encouraging returns.
In all of these, whether in the Youth in Agriculture Programme or in commercial agriculture, evidence shows that land acquisition is becoming a bottleneck for expanded access to the programme. In September last year, I, therefore, instructed the Minister for Food and Agriculture to review the Youth in Agriculture Programme for a possible inclusion of delivery of serviced agricultural plots for onward leasing to interested youth and commercial farmers who are willing to go into agriculture.
Madam Speaker, in the few years since its establishment, the Savannah Acce- lerated Development Authority (SADA) has facilitated partnerships to establish three agro processing factories -- a sheanut processing factory at Buipe, a rice mill at Nyankpala near Tamale and a vegetable oil mill at Tamale. The Produce Buying Company is currently raising the capital to begin sheanut purchases to feed the factory.
The benefit of these various initiatives to tens of thousands of poor women in the savannah zone of this country and the possibilities it opens up to the youth in these areas would only keep growing and continue to surpass all expectations.
Madam Speaker, in all this, we have not lost our commitment to the environment. For instance, SADA, through its greening the northern savannah ecological zone agenda, has partnered with a private sector group to grow and nurture five million trees in the next 12 months.
C. Energy Madam Speaker, I now turn my
attention to a very crucial sector, energy. Our major achievements in the energy sector have been in the following areas:
1. The Ghana National Gas Company has been established to ensure the sustainable development of the gas industry and related infrastructure.
2. The Tema Oil Refinery debt which incapacitated the company and threatened the operation of Ghana Commercial Bank has been substantially paid off and is being sustainably managed.
3. Government has supported VRA, NEDCo, GRIDCo and ECG to undertake the restructuring required to restore their finances.
4. With electricity, a 376 megawatt generation capacity was added to the base capacity in 2011; an additional 258 megawatt was added by the end of 2012 to bring the total national capacity to 2,443.5 megawatts, an increase of 35per cent since 2008.
5. Access to electricity has increased from 54 per cent in 2008 to 72 per cent in 2011.
6. 1,700 communities have been connected to the national electricity grid since 2008, with a larger proportion of this increase representing poorer households who would otherwise not have access to energy.
7. Since the inception of production at the Jubilee Field to 31 st December, 2012, a total of 51,728,261 bbls of oil have been
produced. Out of this, the Ghana Group has lifted a total of 8,861,223 bbls, which translate into USD985,196,046.
Madam Speaker, one of the first acts our Government did, was to negotiate and approve the plan of development for the Jubilee phase 1 and in the process ensured that Jubilee Phase 1 was developed optimally with an appreciable level of local content achieved.
Since January, 2009, there has been a significant increase in exploration activities in Ghana's sedimentary basins resulting in the discovery of 18 significant oil, gas and condensate accumulations. These discoveries are at various stages of appraisal and development. Prior to this and under the previous regime, 4 discoveries had been made. These are the Mahogany/Hyedua discoveries, which was later christened “Jubilee Field”, and other three marginal discoveries in 2008 namely, Ebony, Odum and Mahogany deep.
The new oil, gas and condensate discoveries made under Prof. Mill's Administration include:
1. The Tweneboa, Enyenra and Ntomme (TEN) discoveries of oil, gas and condensate made between March, 2009 and late 2010 by GNPC and Tullow Oil led consortium in the Deepwater Tano Block. Appraisal of these discoveries which began in late 2010, has been completed and the development plan has been submitted to the Energy Minister for his consideration and approval. Development of these fields, on approval, will begin in 2013 and the field is expected to come on stream in late 2016. The field which has oil
reserves of about 234-344 million barrels of oil is expected to produce about 80,000 barrels of oil per day (bopd).
2. In July, 2012, the Wawa-1 exploration well discovered oil and gas-condensate.
3. The Teak-1 and Teak-2, Akasa and Banda oil, gas and condensate discoveries made in close proximity to the Jubilee Field by GNPC and Kosmos Energy led consortium in the West Cape Three Points Block. Appraisal activities have confirmed and extended the productive area for the Teak discovery. The partnership has negotiated an integrated and synchronized appraisal programme with Government for all the discoveries in the WCTP block, whose implementation should be concluded in 2013. Thereafter, the optimal development option for these resources would be determined and a plan for that submitted for Government's consideration.
4. GNPC and the ENI led consortium discovered significant gas volumes and minor oil in the Sankofa-1 well located east of Jubilee in July, 2009 and in 2011, encountered gas and condensate in significant quantities in the Gye- Nyame well in the Offshore Cape Three Points (OCTP) block. Appraisal activities over the Sankofa discovery have confirmed the potential of the Sankofa oil and gas discovery, and have also established the block's potential in the development of non- associated gas resources in Ghana.
5. The first significant oil discovery in the Offshore Cape Three Points (OCTP) block came through the Sankofa-East exploratory well in September, 2012. Gas and condensate were discovered in the same well. The operator, ENI, is currently appraising this oil discovery and the results look promising so far.
6. Between June, 2011 and December, 2012, GNPC and its partner Hess made 5 discoveries of oil, gas and condensate in the Deepwater Tano/Cape Three Points block further south of the Jubilee Field. Appraisal drilling and pre-development activities are planned for 2013.
7. GNPC, Vanco and Lukoil made the Dzata-1 oil and gas discovery in February, 2010, located south east of the Jubilee Field in the Lukoil operated Deepwater Cape-Three-Points block. The discovery has opened new opportunities in the eastern part of the prolific Tano basin. The operator has planned a series of exploration and appraisal activities for 2013.
Madam Speaker, as at the end of 2012, Ghana's proved gas reserves (associated and non-associated) stood at 3.02 trillion cubic feet (tcf) (170 million barrels of oil equivalent (MMBOE)). The net proved oil reserve is about 1.03 billion barrels of oil.
Madam Speaker, the economic activity engendered by about US$6 billion worth of investments associated with the Jubilee discovery over a 3-year period has been phenomenal. The next 4 to 6 years will see a strong focus on development activity leading to the investment of about US$20
billion worth of new investments in oilfield appraisal and development activity. Another US$10 billion is expected to be invested in developing associated and non-associated gas discoveries.
We have to focus on strengthening our local content and local participation laws and regulations, and their implementation to enable a significant portion of these investment benefits to be retained locally. Government is vigorously pursuing the necessary infrastructural and capacity developments that will enable the substantial portion of these developments to be done locally. For example, a portion of the Tema Shipyard and Drydock is being made available for the TEN Partners to upgrade the yard to a state which could be used to fabricate certain equipment for the TEN development.
The Takoradi Polytechnic has been upgraded to run courses that will supply the badly needed middle level manpower for the industry. A scheme to train SMEs about the various opportunities has also been established.
Oil revenues will be generated from a more diversified asset base with strong revenues over a much longer span of over 20 years. The new discoveries will resolve the challenge of dependence on Jubilee Field revenues alone. The broader revenue base will inject more sustainability into oil revenues as a significant additional source of revenue to support Ghana's annual budgeting and long-term developmental efforts.
Madam Speaker, beginning 2017, oil production is expected to double from the current 100,000 barrels per day to about 200,000 barrels per day, contributed to by the additional phases of Jubilee and the Tweneboa, Enyenra and Ntomme Field developments. The additional Mahogany, Teak and Akasa (MTA) discoveries will add another 25,000 barrels per day in 2017. By 2020, the integrated development of 5