The Member of Parliament (MP) for Ellembelle and Deputy Minority Leader in the House of Parliament, Emmanuel Armah Kofi Buah, has accused the Akufo-Addo Bawumia government of mismanaging the country’s energy sector for the last seven and a half years.
He indicated that for the last seven and a half years that the government has been in power, Ghana’s energy sector has been “a complete failure.”
“One area that has been a complete failure under this government is the energy sector,” he said.
Big investors in the energy sector, according to the Ellembelle Legislator, have all deserted Ghana to neighbouring countries.
Speaking to journalists at Nkroful, the Legislator, Armah Kofi Buah, who is a former Energy Minister under the erstwhile John Mahama administration, explained that the reason big investors in the energy sector have deserted the country was because of corruption.
“Their message is simple and clear – they will not come back to Ghana to invest because Ghana is too corrupt under this government.
“ENI went to the next-door neighbouring country to invest billions of dollars when it has resources here to develop,” he noted.
The Public Interest Accountability Committee (PIAC) report for 2023 on the management and use of petroleum revenues indicates that the last petroleum agreement was signed in 2018.
For the year 2023, there was no petroleum agreement signed, leaving Jubilee partners, made up of Sankofa Gye Nyame (SGN), Jubille Field Production and Tweneboa-Enyenra-Ntomme (TEN).
The former Energy Minister, however, maintained that the NDC government, under John Mahama, gained the trust of investors in the energy sector. This was manifested in the big investments that big investors made in the country’s energy sector.
For instance, he mentioned that the NDC government alone invested about over $7 billion in the Ellembelle District and across the Western region, in both the mining and the energy sectors.
But these investments have all collapsed under what he described as a corrupt Akufo-Addo Bawumia government.
