PRESS RELEASE 28.04.2025
- Tim El Abd
- Apr 28
- 2 min read
FOR IMMEDIATE RELEASE
28.04.2025
VANGUARD GLOBAL DEVELOPMENT & ESSIKADO ENERGY LTD. SIGN MOU TO DEVELOP OIL & GAS INFRASTRUCTURE PROJECT IN GHANA
Vanguard Global Development (VGD) has signed an MoU with Essikdo Energy Limited (EEL) in Ghana to develop an Oil and Gas infrastructure project in Accra, Ghana, the details of which will be released at a later date.
Essikado Energy Limited is a 100% Ghanaian owned indigenous company that is the concessionaire and co-developers of one of Africa’s first eco-friendly energy hubs that will include: The Bansu Solar Powered Storage Terminal, the largest tank farm in West Africa. Conceived in 2011, EEL was officially incorporated in 2022 by Eric Owiredu Akrofi and Christopher Samson Andoh. Alongside a consortium of business executives and professionals, The EEL team collectively has over 100 years of experience in Oil and Gas both in the upstream and downstream sectors.
Vanguard Global Development, a subsidiary of Vanguard Global Holding, creates and develops strategic investment opportunities in frontier and emerging markets and across multiple sectors. VGD is committed to high impact projects and investments designed to generate positive, measurable economic, social and environmental impact alongside financial return, with an impetus to value chain localisation.
VGD is sector agnostic, with diverse interests, spanning manufacturing, technology, agriculture, infrastructure, energy, transportation and more. VGD works with stakeholders as a strategic and reliable partner, be they public, private or institutional.
At VGD, we adopt a cross-sectoral & multi-stakeholder approach and our strategy is designed to;
Identify & create opportunity
Leverage innovation to turn problems into opportunities
Maximise stakeholder benefit & reward
Localise value chains & maximise local benefit
Appropriate and localise strategic and innovative technologies
Vertically integrate local industries
Develop circular economies
VGD works closely with governments as a strategic partner, leveraging critical expertise, financial resources and advanced technologies, with a focus on Public-Private-Partnerships. VGD is adept at leveraging its network and creating consortiums with a capacity to finance, design and execute large scale projects.
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