Group Chief Executive Officer (CEO) of GOIL, Edward Bawa says Ghana’s oil production has significantly declined.
According to him, structural challenges in the industry were responsible for the decline.
Speaking at an oil and gas forum in Accra on Wednesday April 16, Bawa said Ghana’s oil production decline was over 25 percent.
“Let’s not deny or maybe pretend that the story in Ghana as we speak today is not good. It’s not good because if we were to look from 2019 up to now, production has slammed about 25%.
“This has been because of various factors under investment because you have situations who even people who hold licenses are not actual.
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