David Ampofo, the Chief Executive Officer of the Ghana Upstream Petroleum Chamber, has raised alarm regarding the declining state of the oil and gas industry, highlighting that significant potential benefits for Ghanaians are jeopardized by a troubling decrease in production over the past years.
According to Ampofo, the sector has witnessed a staggering "32% decline in production", which poses a serious threat to the country's economic growth and energy security.
To shed light on this pressing issue, the Chamber has released its 2024 report on the state of the industry, now available for public review. "The time for action is now," Ampofo urged.
Mr David Ampofo (Left) He made these statements at the annual Oil and Gas Conference of the Ghana Upstream Petroleum Chamber held at Marriott Hotel, Accra on September 25.