foreign firms

The Public Interest and Accountability Committee (PIAC) is advising the government to promote a very business-friendly regulatory environment in the upstream petroleum sector to attract foreign investors. According to PIAC, the unitisation case between Italian firm ENI and Ghanaian firm Springfield in which Springfield appears to have been favoured did not go down well with foreign firms. Speaking to Joy Business, Technical Manager at PIAC, Mark Agyemang said the government must ensure a level playing field, else the foreign investors that have the capacity to explore and produce oil will shun Ghana. “Ghana should be seen to be a business-friendly…