John Dramani Mahama, a former president, has charged the Akufo-Addo administration with failing to make any attempts over the previous seven years to increase the nation's oil production in the upstream sector.

He claims that the current administration has been consumed by greed and incompetence working against the interests of the country, which has prevented the growth of the oil and gas industry.

John Mahama condemned the development as "wasted years" in a tweet from February 6, 2023, despite the fact that his [NDC] administration had given the Akufo-Addo administration two new oil fields in 2017—TEN and Sankofa.

“Wasted years! We bequeathed to the Akufo-Addo government two new oil fields, TEN and Sankofa. Greed and ineptitude as against national interest means a sad reality of no additional production activity in our upstream oil sector in the last 7 years,” John Mahama wrote.

Meanwhile, the Public Interest Accountability Committee (PIAC) in a recent assessment report on Ghana’s petroleum revenue management spanning a 10-year period showed that an amount of US$31.22 billion in value was generated from three producing oil fields between 2011 and 2022.

PIAC’s report which was released on March 1, 2022, said the generation comprises both entitlements due to the contracting parties and the Ghana Group.

The Ghana Group, according to the report earned US$6.55 billion in total petroleum receipts between 2011 and 2020.