The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated the newly constituted board of the National Petroleum Authority (NPA) with a call on them to ensure fair competition among service providers and consistent availability of quality petroleum products at fair prices.
According to the Minister, the petroleum downstream sector is essential to national development, making effective regulation non-negotiable.
“Given the complexity of operations and the wide range of service providers involved, the regulator must be vigilant, proactive, and transparent.”
The Minister highlighted the sector’s vulnerability to global price fluctuations and malpractices such as smuggling, fuel adulteration, tax evasion, and dumping, emphasizing the need for constant oversight and active stakeholder engagement.
Hon. Jinapor acknowledged the progress made by the NPA in developing regulatory and compliance systems to address sector challenges.
He tasked the new Board to intensify efforts in dealing with issues like fuel dumping and illicit practices through strengthened enforcement measures.
“As a Board, your role is central to shaping the future of the NPA and Ghana’s petroleum downstream industry,” he said.
“You are expected to enhance institutional governance, promote transparency, ensure fair competition, and foster Ghanaian content and participation.”
The Minister announced the recent submission of the report by the Petroleum Downstream Sector Reforms Committee (PDSRC), which was inaugurated on March 14, 2025.
He assured that the Ministry would review the recommendations carefully, working closely with the NPA and industry stakeholders.
Urging the new Board to serve with professionalism and dedication, Hon. Jinapor emphasized the importance of embracing innovation and leveraging technology to adapt to changing market dynamics.
He reaffirmed the government’s commitment to building a robust, efficient, and investment-friendly downstream petroleum sector.
The Chairman of the newly inaugurated Board, Alhaji Huudu Yahya Iddrisu, expressed gratitude for the confidence reposed in the members.
“On behalf of my colleagues, I thank the President for appointing us to serve on the NPA Board. We are committed to ensuring the sector operates efficiently and effectively.”
Source: https://energynewsafrica.com
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