President John Mahama has raised concerns over what he describes as a "toxic environment" inherited from the previous administration in Ghana's oil and gas sector, which he claims led to significant disinvestment and a steady decline in production.
Speaking at the Africa CEO Forum Annual Summit in Côte d'Ivoire, under the theme Oil and Renewable Energy - A Dual Bet for Ghana's Future, President Mahama said the mismanagement of key relationships within the oil industry contributed to an average 7 per cent annual drop in production. "I think the environment got a bit toxic.
I don't know for what reason.
The government didn't seem to prioritise the sector," he noted. "So there was a lot of disinvestment.
