Presidential candidate of the opposition National Democratic Congress (NDC), John Dramani, has opined that the governing New Patriotic Party (NPP) has eroded investor confidence in the energy sector.
He asserts that the Nana Addo-led administration has rolled out a series of opaque deals that have affected the sector.
The former president said he left behind significant oil revenues, but the government has pushed the energy sector to the brink of collapse.
He made the remarks while addressing stakeholders in the petroleum ecosystem in Accra on Friday, September 13, 2024.
“Crude oil production has dropped by over 30% and regulatory failures such as the ENI unitisation dispute have damaged our international reputation as an oil and gas nation.
“Corruption scandals like the sale of contaminated fuel and the lease of TOR to Torentco in opaque circumstances have further eroded investor confidence in the sector.”
“It is sad to know that most of the major oil companies are abandoning Ghana and are relocating to our neighbour Côte d’Ivoire,” he added.
By: Rainbowradioonline.com/Ghana