Tullow has reached an agreement with 12 financial institutions in the country to facilitate access to finance for its local supplier community in Ghana.
Given the high capital-intensive nature of the energy sector, access to capital opportunities is critical, especially for local companies operating in the industry.
Over the years, financing channels have become difficult to navigate, especially in Ghana.
Under a programme called “Tullow Supplier Access to Finance,” the energy company aims to bridge the gap between local banks and its local suppliers; with Tullow playing the role of key facilitator.
At a recent ceremony to unveil the programme, 12 universal banks in Ghana, including Absa, Standard Chartered, UBA, Zenith and Ecobank, signed a Letter of Cooperation to commence the programme.
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