Woo investors to petroleum sector

PIAC urges fresh investments in upstream petroleum sector

By Samuel SAM The Public Interest and Accountability Committee (PIAC) has urged Parliament to ensure that the Ministry of Energy and its agencies step up efforts to attract investment into Ghana’s upstream petroleum industry. PIAC warned that the sector is facing a downturn, with crude oil production declining for five consecutive years and challenges in securing fresh capital for exploration and production. It said the operationalisation of the…

Woo investors to petroleum sector

The Public Interest and Accountability Committee (PIAC) has urged the Min­istry of Energy to prioritise investor attraction in the petroleum sector, to sustain production levels despite Ghana’s long-term renewable ener­gy transition plans. Speaking on the committee’s 2024 petroleum revenue report on the management and use of petro­leum revenues in Ghana, during PIAC’s zonal media engagement on Friday, a member representing Think Tanks, Mr Samuel…