Ghana’s petroleum downstream regulator, the National Petroleum Authority (NPA) and its counterpart in Lesotho, the Petroleum Fund, are collaborating to improve efficiency in the petroleum downstream in both countries.
In furtherance of the collaboration, a team from the Petroleum Fund, led by its Chief Executive Officer, Mr. Thato Mohasoa, paid a courtesy call on the Chief Executive of the NPA, Dr. Mustapha Abdul-Hamid, in Accra, the capital of Ghana.
The partnership between the two entities will, among other things, share experiences of mutual benefit in the petroleum downstream industry, especially in the management of the Unified Petroleum Price Fund (UPPF) which ensures that prices of petroleum products are the same across the country.
The team is in Ghana to also understudy Liquefied Petroleum Gas (LPG) regulation in Ghana.
Welcoming the delegation, the CEO of the NPA said he was elated to host his guests to study the downstream regulations of LPG.
“It is important that Africans go to each other for solutions to Africa’s problems rather than travelling abroad to seek solutions which are not feasible,” Dr. Abdul-Hamid added.
On his part, the Petroleum Fund CEO of Lesotho, Thato Mohasoa, said he was happy about the warm welcome and that the team was in anticipation to learn about the successes of the NPA’s Unified Petroleum Price Fund and “the groundbreaking role of the downstream sector of Ghana has achieved in regulating LPG.”
The four-member team from Lesotho also included Mohloko Lepamo; Finance Manager of PF, Lebohang Makhoali; Operations Manager of PF and Thato Kolisang; Corporate Affairs Manager.
The team also visited the Ghana National Gas Company and the Tema Oil Refinery as part of their working visit.