In July 2022, Tullow Ghana concluded a 10-month long supplier finance readiness programme designed to provide selected suppliers, impacted by the Covid-19 pandemic in the oil and gas industry in Ghana, financial and business advisory support to build financially resilient and sustainable businesses for the future.
The programme, which was implemented by Invest In Africa (IIA), a private sector-led initiative focused on growing local businesses, brought together individual participants and companies to undertake rigorous training in financial modelling, business plan preparation, financial management, corporate governance, and business risk management. The training also provided participants with important financial toolkits to enhance their interactions with lending institutions and strengthen their capacity and preparedness to access finance.
Overall, 151 suppliers gained knowledge of various funding options as well as insights
into financial restructuring opportunities, while 36 businesses received one-on-one business advisory
"Tullow Ghana will continue to support local capacity development through various targeted knowledge sharing interventions to equip local companies and increase their participation in the industry while making them globally competitive." - Wissam Al-Monthiry, Tullow Ghana Managing Director
Participating businesses were selected from Tullow’s supplier list and IIA’s African Partner Pool (APP) of companies operating in the oil and gas industry in Ghana.
More information about how Tullow is committed to encouraging and supporting local suppliers, either by working with them directly or through our own suppliers, is available here: https://www.tullowoil.com/suppliers/