{
  "id": 17191901,
  "title": "Turn economic stability into sustainable growth — Petrosol CEO",
  "url": "https://urgent.news/2026/10/30/turn-economic-stability-into-sustainable-growth-petrosol-ceo",
  "topic": "world",
  "section": "World",
  "published": "2026-10-30T07:00:31.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/turn-economic-stability-into-sustainable-growth-petrosol-ceo/"
  },
  "original_language": "en",
  "account": "The Chief Executive Officer of Petrosol Platinum Energy PLC, Michael Bozumbil, urged the government to stabilize Ghana's economy through consistent policies, prudent spending, and support for local businesses. Addressing the 50th Annual General Meeting of the Ghana National Chamber of Commerce and Industry, Bozumbil emphasized that while economic indicators suggest improvement, they do not indicate full recovery. He compared economic stability to a patient who has stabilized but still needs treatment. Bozumbil advocated for a predictable policy environment, realistic budgets, and financial reserves to handle future shocks. He praised the government's adoption of the IMF's Policy Coordination Instrument but cautioned against policies that could harm gains made before the 2028 election. Bozumbil emphasized the importance of local businesses, highlighting their understanding of Ghana's business challenges. He identified key principles for resilience: purpose, quality, credible relationships, financial discipline, and continuous improvement. Bozumbil encouraged businesses to manage cash flows, invest in staff training, strengthen balance sheets, and improve governance. He also supported diversification into renewable energy and electric-vehicle charging. Regarding human capital, he stressed nurturing young talent and women's leadership. Bozumbil proposed a capital-readiness program for SMEs and a standards support desk. He urged active participation of GNCCI members in shaping policies. Reflecting on his career, Bozumbil credited his employees' skills and commitment for Petrosol's success, reaffirming the company's commitment to quality, responsible business, and people development.",
  "summary": "The Chief Executive Officer of Petrosol Platinum Energy PLC, Michael Bozumbil, has urged the government to consolidate Ghana’s economic recovery through consistent policies, prudent public spending and deliberate support for indigenous businesses. Delivering the keynote address at the 50th Annual General Meeting (AGM) of the Ghana National Chamber of Commerce and Industry (GNCCI) in Accra … The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}