Ghana Upstream Petroleum Chamber calls for collaboration in COVID-19 recovery

BY: Graphic.com.gh
Ghana Upstream Petroleum Chamber calls for collaboration in COVID-19 recovery
David Ampofo - Chief Executive Officer the chamber

The Ghana Upstream Petroleum Chamber (GUPC) has called for closer collaboration between the government and industry in trying to recover from the effects of COVID-19.

According to the Chief Executive Officer the chamber, Mr David Ampofo, the upstream petroleum chamber has three main concerns.

"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.

He highlighted the tendency to overlook existing investors, whilst trying to attract new investments.

"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," he said.

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.

Mr Ampofo’s interview with the Business and Financial Times newspaper came at a time when various industries were grappling with the realities of a post-covid world.

He indicated that, "the Chamber will work hard to synthesize the best ideas from among its membership to promote the industry in Ghana.”