According to the Institute’s Executive Director, Nana Amoasi VII, any further delays in the unitization of the Afina and Sankofa oil fields could spell doom for the utilization of Ghana’s oil resources. In an interaction with Citi Business News monitored by GhanaWeb, the IES Director explained the move will adversely impact Ghana’s upstream sector which has barely witnessed growth over the past five years. And we should also note that as we speak, funding is being directed more at the green projects or renewables. Over the past five years clearly, we’ve not seen any growth in the upstream industry. The decision came after an independent study conducted by the Ghana National Petroleum Corporation (GNPC) showed that the two oil blocks were connected.

Source: GhanaWeb May 24, 2021 12:00 UTC