HFC Bank deepens affair with Ghana’s Oil and Gas sector

HFC Bank, a subsidiary of the Republic Financial Holdings Limited, has deepened its relationship with the Oil and Gas sector in Ghana.

Following a local content seminar in the Oil and Gas sector organized in February this year, HFC Bank continues to demonstrate its commitment to the sector by being one of the platinum sponsors of the Ghana Extractive Industry Safety Conference held in Takoradi.

The conference which was organized by the Sekondi-Takoradi Chamber of Commerce & Industry (STCCI) from 22nd to 23rd of June, 2016 was aimed at building partnership and developing competencies in occupational health and safety to achieve the local content targets in the sector.

Delivering his opening remarks at the conference, Robert Le Hunte, The Managing Director of HFC Bank Ghana Limited highlighted the success of Republic Bank in the development of the Oil and Gas sector in Trinidad and Tobago; a county that has produced Oil and Gas over a century.

“With a strong knowledge and competencies to leverage on from Republic Bank, and also backed by a $12 million balance sheet, HFC Bank is now poised to play a significant role in the development of the Oil and Gas sector in Ghana” he added.

Mr. Le Hunte also congratulated the organizers for their foresight in sensitizing all players in the sector on safety practices which is critical to the long-term sustainability of the industry.

HFC Bank's commitment to the development of the Oil and Gas sector in Ghana comes after a recently concluded visit of the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley to Ghana where he also pledged his government’s support for the development of the sector.

Mr. Le Hunte believes that with the financial support from HFC and the technical support from the Trinidad and Tobago government, the Oil and Gas industry in Ghana is well positioned for growth.