{"id":217551,"date":"2024-09-14T11:22:06","date_gmt":"2024-09-14T11:22:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/14\/mahama-accuses-npp-govt-of-eroding-investor-confidence-in-energy-sector\/"},"modified":"2024-09-14T11:22:06","modified_gmt":"2024-09-14T11:22:06","slug":"mahama-accuses-npp-govt-of-eroding-investor-confidence-in-energy-sector","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/14\/mahama-accuses-npp-govt-of-eroding-investor-confidence-in-energy-sector\/","title":{"rendered":"Mahama accuses NPP govt of eroding investor confidence in energy sector"},"content":{"rendered":"<p><\/p>\n<div>\n<p>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.<\/p>\n<p>Mahama argues that despite inheriting significant oil revenues, the government has pushed the energy sector to the brink of collapse.<\/p>\n<p>Addressing players in the petroleum ecosystem in Accra on Friday, Mahama vowed to transform the sector in his next administration.<\/p>\n<p>\u201cCrude 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.<\/p>\n<p>\u201cCorruption 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.\u201d<\/p>\n<p>\u201cIt is sad to know that most of the major oil companies are abandoning Ghana and are relocating to our neighbour C\u00f4te d\u2019Ivoire,\u201d he stated.<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the\u00a0\u00a0<span class=\"google-anno-t\">Citi Newsroom<\/span>\u00a0channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":161670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-217551","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mahama accuses NPP govt of eroding investor confidence in energy sector - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/14\/mahama-accuses-npp-govt-of-eroding-investor-confidence-in-energy-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mahama accuses NPP govt of eroding investor confidence in energy sector - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"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. 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