Business News of Thursday, 9 April 2026Source: www.ghanaweb.comAn economist, Professor Peter Quartey, has appealed to the government to renew investment strategies in the country’s petroleum sector, as crude oil production continues to perform poorly for six consecutive years. Professor Quartey noted that global shifts towards renewable energy are making it harder to attract investors into fossil fuel industries, including oil and gas. As a result, he believes Ghana must create more attractive conditions to draw investment into the sector. And as a country, it shouldn’t just be external foreign investors. The continued decline in crude oil output is also raising concerns about its impact on government revenue and foreign exchange earnings, as the petroleum sector remains a key contributor to the economy.

Source: GhanaWeb April 09, 2026 15:28 UTC