Ghana’s petroleum downstream regulator, the National Petroleum Authority (NPA), has inaugurated a Steering Committee to spearhead the implementation of the government’s flagship 24-Hour Economy initiative in the petroleum downstream sector.
The committee, comprising NPA staff and industry stakeholders, will be chaired by the Chief Executive Officer of NPA, Godwin Kudzo Tameklo Esq.
Speaking at the brief ceremony on Friday, July 25, 2025, Mr. Godwin Edudzi Tameklo Esq. emphasized the centrality of the petroleum sector in achieving the 24-Hour Economy vision.
“Energy is the lifeblood of any continuous production economy. Our ability to ensure the availability and reliability of petroleum products day and night will be a game-changer,” he stated.
The committee is expected to develop a regulatory and operational framework to support the seamless delivery of petroleum services across retail, storage, transportation, and distribution networks. This includes setting clear strategies and timelines for transitioning the sector to 24/7 functionality.
In his remarks on behalf of the Presidential Advisor on the 24-Hour Economy, Ing. Roland Azuvugu outlined the initiative’s eight strategic pillars.
These include addressing infrastructure bottlenecks, ensuring capital access, improving human resource development, enhancing safety and security, and embracing digitalization—all aimed at enabling businesses across sectors to operate continuously.
Industry stakeholders, including the Chamber of Bulk Oil Distributors (CBOD) and the Chamber of Oil Marketing Companies (COMAC), welcomed the move.
They called for urgent upgrades to critical infrastructure, such as tank farms, loading gantries, and real-time tracking systems, as well as stronger security around key petroleum installations, to support uninterrupted service delivery.
The newly launched committee is expected to begin consultations with players across the value chain to ensure inclusive planning and coordinated implementation. The 24-Hour Economy and accelerated export development policy of the government aims to expand job creation, boost national output, and increase access to essential services through the promotion of continuous business operations.
Source: https://energynewsafrica.com
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