Audio By Carbonatix
The Chief Executive Officer of the Ghana Upstream Petroleum Chamber has spoken about the industry's three main concerns in a world quickly trying to recover from Covid-19 and its effects.
David Ampofo spoke in affront-page interview with the Business and Financial Times.
"We are guided by a policy of win-win for both the government and the companies who form our membership. These include Exploration and Production Companies, International Service Companies and Ghanaian Service Companies,” Mr Ampofo said in the widely circulated conversation.
He highlighted the tendency to overlook existing investors, whilst trying to attract new investments. Mr. David Ampofo stated, "I think that whilst attracting new investment is a good thing, we tend to overlook the fact that there are already some major investors in the sector whom we must work with. It is not enough to simply invite investors in and not nurture them.”
“After all, it would be much easier for already existing investors to make further investments than entirely new investors."
When asked about the state of oil production in Ghana, the GUPC boss suggested that there is the need to bring on stream new oil-producing fields to address the current decline in oil production.
The interview comes at a time when various industries are grappling with the realities of a post-covid world.
Mr. David Ampofo indicated that, "The Chamber will work hard to synthesize the best ideas from among its membership to promote the industry in Ghana. As I like to say… “We are in this together”
Latest Stories
-
Akatsi North DCE warns PWD beneficiaries against selling livelihood support items
5 minutes -
Salaga South MP calls for unity and peace at Kulaw 2025 Youth Homecoming
2 hours -
GPL 2025/2026: Gold Stars triumph over Dreams in five-goal thriller
2 hours -
Ibrahim Mahama supports disability groups with Christmas donation
3 hours -
2025/26 GPL: Berekum Chelsea come from behind to beat XI Wonders 3-1
3 hours -
NACOC dismantles drug dens in Eastern and Greater Accra regions in ‘Operation White Ember’
3 hours -
GPL 2025/26: Aduana fight from two goals down to draw against Young Apostles
3 hours -
Emmanuel Dzivenu: The ‘stolen’ birthday
3 hours -
ECG announces technical challenge with MMS-compliant meters; says it’s being fixed
3 hours -
Less than 1% renewables: Dr. Richard Obeng Mensah calls for legal and policy reset
4 hours -
Galamsey operator sentenced for slashing student with blade
5 hours -
Creative Canvas 2025: Black Sherif — The cultural storyteller
5 hours -
PassionAir female pilot shares inspiring journey into aviation
6 hours -
Only shortlisted teachers with index numbers eligible for GES promotion exams
6 hours -
Sam George warns Ghanaians against assisting illegal acquisition of citizenship
6 hours
