Maritime negotiations between Ghana and Ivory Coast make headway
(29 April 2014)
Ghana and the Ivory Coast are working together through a ‘Joint Maritime and Boundary Commission’ to settle a dispute over oil-rich areas in the Gulf of Guinea.
After the Joint Negotiation Team’s eighth meeting in Accra there is optimism from both sides that a peaceful agreement will be reached by the end of June 2014.
Both Ghana and the Ivory Coast claim ownership of an area on the maritime border which experts say holds around 2 billion barrels of oil and 1.2 trillion cubic feet of natural gas.
Ghana was the first to strike oil and believed it had exclusive rights to the area on the maritime boundary until April last year when the Ivory Coast also struck oil, in an area adjacent to the Ghana field.
Ghana had initially considered taking the case to the Permanent Court of Arbitration to settle the matter, however the two countries agreed to establish a joint maritime and boundary commission in a conscious effort to settle the dispute peacefully without third party help.
A joint committee has visited the area to ascertain the geographic coordinates of the boundary post and meetings have been held in Ghana and Ivory Coast to go through the available options to help solve the matter amicably.
It is expected that technical discussion will finish by the end of May and reports will be ready in time for a final meeting between the heads of state and their delegations scheduled in June.
“Maritime Negotiations between Ghana-Ivory Coast in progress”, 25 April 2014, Ghana News – Spyghana.com http://www.spyghana.com/maritime-negotiations-between-ghana-ivory-coast-in-progress/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Spyghanacom+%28SpyGhana.com%29
Ghana-Ivory Coast Maritime dispute to be settled by June end”, 25 April 2014, Ghana News –spyghana.com http://www.spyghana.com/ghana-ivory-coast-maritime-dispute-settled-june-end/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Spyghanacom+%28SpyGhana.com%29