The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has accused the ruling New Patriotic Party (NPP) government of eroding investor confidence in the energy sector with a series of what he describes as opaque deals.
Mahama argues that despite inheriting significant oil revenues, the government has pushed the energy sector to the brink of collapse.
Addressing players in the petroleum ecosystem in Accra on Friday, Mahama vowed to transform the sector in his next administration.
“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 stated.