Atta Akyea attributes petroleum decline to dispute with Tullow Oil, GRA

Samuel Atta Akyea, former Chair of Ghana’s Mines and Energy Committee, has highlighted the negative impact of a tax dispute between Tullow Oil Ghana and the Ghana Revenue Authority (GRA) on the country’s petroleum production and investment climate.

He criticized the GRA’s approach, describing it as a “bad signal” to global investors, particularly as fossil fuel investment declines worldwide.

Atta Akyea argued that the conflict deters critical investment in Ghana’s energy sector and called for a collaborative policy framework to stabilize declining oil production.

The dispute, centered on disagreements over tax obligations and revenue assessments, has reportedly disrupted Tullow’s operations and plans.

Tullow, a major player in Ghana’s oil sector since 2010, has raised concerns over the unpredictability of the regulatory environment, urging clarity to maintain investor confidence.