Tullow announces multi-year Agriventures partnership with Innohub Foundation in Ghana

Tullow Oil (“Tullow”) today announces the first multi-year Agriventures partnership under its new “Accelerating Progress Through Partnerships” community strategy with Innohub Foundation (“Innohub”) in Ghana.  

With young people (between 15 and 24 years of age) in Ghana accounting for nearly 40% of the population¹, close to one third are not in education, employment, or training². As the transformation of the global economy continues, the world of work requires significantly different expertise, experience, and skills. Young people are increasingly un- and under-employed, and businesses struggle to recruit and retain the right talent.

As part of its “Accelerating Progress Through Partnerships” community strategy, between 2024 and 2027, Tullow is partnering with local organisations to equip communities and economies with relevant expertise, experience, and skills. In the predominantly rural regions of Ghana economic diversification beyond subsistence agriculture can provide a sustainable livelihood for many.

Developed in close association with Tullow, Innohub will focus on launching and running the Tullow AgriVentures Programme (“TAP”) in 2024. Initially running as a two-year programme with a focus on agriculture, TAP will find and support entrepreneurs to set up and grow their businesses. TAP has an ambition to generate approximately 600 new agriculturally linked ventures and support 30 existing businesses to grow and create more than 1,500 jobs.

Nelson Amo, Chief Executive Officer, Innohub, said: “Our partnership with Tullow is an example of an innovative and long-term local economic development programme that truly delivers shared prosperity and with the support from Tullow, we can expand our reach across Ghana to enhance employability and entrepreneurship for young people; widen the talent pool needed for the growth of small businesses; and contribute to the expansion and development of the capacity and capabilities of local companies to generate higher levels of jobs, economic growth and prosperity.”

Julia Ross, Director, People & Sustainability, Tullow, said: “Reflecting our purpose of building a better future through responsible oil and gas development, we believe in the power of working together to achieve our goals. Our partnership with Innohub, will help us contribute to that better future for Ghana. The Tullow AgriVentures Programme, I believe, will be an example of a scalable and replicable model that can make Ghana the most innovative, diversified and thriving economy in West Africa.”

¹ Source: Government of Ghana: 2022 Budget Statement: “Building a Sustainable Entrepreneurial Nation: Fiscal Consolidation and Job Creation Prioritised for Youth”.  

²Source: Government of Ghana: 2022 Budget Statement: “Building a Sustainable Entrepreneurial Nation: Fiscal Consolidation and Job Creation Prioritised for Youth”.