The National Petroleum Authority (NPA) has expanded its export operations to include Senegal and Gambia, further enhancing Ghana’s role as a key player in West Africa’s petroleum market.
This move follows agreements made at the Ghana International Petroleum Conference (GhiPCon), where NPA CEO Dr. Mustapha Abdul-Hamid highlighted the sector’s robust growth and its pivotal role in curbing illicit fuel activities.
In 2023 alone, Ghana re-exported and transited over 385 million liters of petroleum products to neighboring countries, solidifying its partnerships with Mali, Niger, Burkina Faso, Côte d’Ivoire, and Togo.
With over 3,000 registered service providers delivering more than four million metric tonnes of petroleum products annually, the sector significantly contributes to Ghana’s GDP, valued at over GH¢71 billion last year.
Dr. Abdul-Hamid emphasized the importance of leveraging technology and innovation to maintain the NPA’s relevance in the region.
He noted the implementation of transparent pricing reforms and stringent quality control measures, such as the petroleum marking scheme and electronic cargo tracking systems.
The Minister of Energy, representing Vice President Dr. Mahamudu Bawumia, commended the NPA’s strategic initiatives, including the “Gold for Oil” programme and the Cylinder Recirculation Model, which have strengthened investor confidence.
The Vice President urged continued investment in infrastructure and technology to secure Ghana’s energy future, stressing the need for robust, adaptable strategies in light of global geopolitical and environmental challenges.
