Ghana and Ivory Coast are considering putting in place rules for boosting the exploration of any future discovered resources that may overlap the boundaries of the two countries.
This was contained in a communiqué issued by the two countries after a meeting on the implementation of the ruling of the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS).
“Beside the seabed resources, this cooperation if well implemented will enhance maritime security, especially in the areas of illicit bunkering, piracy and hot pursuit as well as ensure the safety and peaceful co-existence of our fisherfolks,” it said.
Per the communique two countries agreed to continue working together towards the implementation of the ITLOS ruling as well as continue further engagements within the context of the Strategic Partnership Agreement (SPA) signed by the two Heads State on October 17, 2017.
The communiqué added that the implementation stage is very critical as it will assure the investor community of the security of their investment, as well as ensure that oil concession blocks can be given right up to the line.
“It will attract the major and super major to our deep waters environment to help make new discoveries that will increase oil output and ultimately revenue for our national development,” the statement said.
The Ghanaian delegation made up of 16 members, was chaired by Senior Minister Yaw Osafo-Maafo to oversee the implementation process.
The delegation visited Ivory Coast from May 14 – 15, 2018, to inform the Ivoirians of Ghana’s intention to officially deposit the coordinates given by the Special Chamber of ITLOS with relevant agencies of the United Nations.