Panways Ghana signs joint Venture Agreement with ASIC Group

Takoradi, Feb. 9, GNA – Panways Ghana, a subsidiary of Panways Srl Group, has signed a joint venture agreement with Africa Strategic Investment Consulting Group (ASIC) Paris.

ASIC GROUP is a global investment firm with wide experience in Project Financing and Turn around Investment Pitching of Bankable projects in the area of Mining, Real Estates, Civil Works, Hydrocarbon, Agriculture, Tourism, Education and Human capital Development.

Panway Ghana, on the other hand, is a wholly-owned Ghanaian Company incorporated in 2014, following the discovery of oil and gas in commercial quantities off Ghana’s coast with a diverse team of dedicated professionals of experience and expertise in their various fields.

Its business model centred around the provision of unique industrial consultancy services across the various sectors of the Oil and Gas and Mining industry.

With the signing of the agreement, the two companies are hoping to augment the national agenda of creating jobs as well as providing greater financing opportunities for the youth of Ghana.

In a statement issued and signed by Mr Patrick Kwesie, Chief Operating Officer of Panways Srl, and copied to the Ghana News Agency (GNA) in Takoradi.

The statement said Panways Ghana realised the need for wealth creation through value addition to various resources for national development.

“We are willing to meet various stakeholders in the various quarters to add value to all bankable proposals that will aid the Government’s dream of making Ghana a country beyond aid and finance-driven economy,” the statement said.

It added that Panways Ghana had been providing its members with a comprehensive range of response, consultancy and training services for 30 years.

In Ghana, Panways had ten years of direct involvement in Ghana providing local support, equipment hires, maintenance services, training, and Tier 2 Aerial Surveillance and Dispersant Spraying Services to Ghana National Gas Company and Saipem of Eni.

By combining their expertise with the significant Ghanaian market presence of Panways Ghana, the statement said the joint venture would provide clients with the experience, knowledge and resources needed to manage any requirement.

It said both companies had a strong reputation for health and safety, ensuring that projects were delivered safely, without incident, on time and to the highest industry standards.

“ASIC GROUP is one of the largest international industry-funded cooperatives. It exists to respond to investment financing wherever in the world, providing preparedness, response and intervention services”, the statement said

“ASIC is wholly owned by most of the environmentally responsible finance companies around the globe, and its membership represents the majority of the world’s finance production”, it added.

The statement said Panways Ghana had a high interest in the Natural gas development and the Government-backed proposed Petroleum Pub in the Jomoro Municipality.

It expressed satisfaction about the progress of the joint venture in the area of equity and concessional Financing.

GNA