The National Petroleum Authority (NPA) is exploring strategies within the downstream petroleum value chain to support the implementation of a 24-hour economy in the industry.
Speaking at the Downstream Dialogue 2025 organized by the Chamber of Oil Marketing Companies (COMAC) in Accra, NPA Chief Executive Godwin Kudzo Tameklo stated that the initial phase may include deploying automated dispensers at selected retail outlets and ensuring continuous operations at bulk storage facilities and depots.
He emphasized that the initiative aligns with President John Mahama’s vision of a 24-hour economy to drive economic growth and job creation.
“Since assuming office, I have stressed the importance of affordability, quality, and reliability in petroleum product supply. Our goal is to ensure fair pricing and strict adherence to industry standards while implementing 24-hour economy solutions,” he said.
Mr. Tameklo called for strong collaboration among industry players, government agencies, and international partners to transform the sector.
“We must reaffirm our commitment to excellence, transparency, and innovation. Together, we can address challenges and seize opportunities to make Ghana’s petroleum downstream industry a key contributor to national prosperity,” he added.
Reflecting on the NPA’s 20-year journey, he noted significant progress in pricing regulations, supply chain management, and infrastructure development. However, challenges such as illegal imports, credit opacity, distribution inefficiencies, and infrastructure surplus remain.
He also highlighted the need for the sector to adapt to global climate change mitigation efforts and the risk of fossil fuel asset stranding.
“The industry must strike a balance between ensuring energy security—availability, accessibility, and affordability—while aligning with the global energy transition,” he added.
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