President John Dramani Mahama has pledged to revitalise the economy of Sekondi-Takoradi and the Western Region, following the mass layoffs and business closures that have hit the area due to the decline in Ghana's petroleum sector.
Speaking during his State of the Nation Address on Thursday, February 27, Mahama acknowledged the devastating impact of reduced upstream oil and gas activity on the twin cities, which were once a hub for fabrication, logistics, and related services. "Hundreds of workers have been laid off and left unemployed.
I wish to assure the people of Sekondi-Takoradi and indeed the whole Western Region that we will breathe life back into the area," he stated.
He attributed the downturn to excessive political interference, a hostile business environment, and the exit of major oil companies, which have stalled upstream activities and led to a 32% decline in crude oil production.
