19th February 2025 3:12:35 PM
2 mins readThe National Petroleum Authority (NPA) is examining the possibility of introducing automated fuel dispensers at selected retail outlets as part of efforts to modernize the downstream petroleum sector.
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This initiative forms part of a broader strategy to implement a 24-hour operational model within the industry.
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According to the Chief Executive of the NPA, Mr. Godwin Kudzo Tameklo, the authority is working on a phased approach that will also include measures to ensure the continuous operation of bulk storage facilities and depots, among other initiatives.
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Speaking at the Downstream Dialogue 2025, organized by the Chamber of Oil Marketing Companies (COMAC) in Accra, Mr. Tameklo emphasized that this move aligns with President John Dramani Mahama’s vision of establishing a 24-hour economy to drive growth and job creation.
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“Since assuming office, I have emphasized the importance of affordability, quality, and reliability in the supply of petroleum products to Ghanaians.
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“Our commitment is to ensure fair pricing and strict adherence to industry standards, in alignment with the vision of His Excellency, President John Dramani Mahama, to reset and transform the sector while also rolling out 24-hour economy solutions,” he stated.
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The two-day event, themed “Ghana’s Downstream Oil and Gas Sector: Challenges and Opportunities,” brings together industry players to discuss key issues, share insights, and propose strategies for sustaining and advancing the sector. Discussions cover a range of topics, including local content participation, regulatory reforms, and navigating the energy transition.
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Mr. Tameklo highlighted the need for strong collaboration among industry stakeholders, government agencies, and international partners to achieve the set objectives.
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“We must strive to reaffirm our commitment to excellence, transparency, and innovation. Together, we can overcome challenges and seize opportunities to ensure that Ghana’s petroleum downstream industry remains an efficient and significant contributor to our nation’s prosperity,” he added.
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Reflecting on the industry’s progress over the past two decades, Mr. Tameklo noted that significant regulatory frameworks had been established to enhance pricing, supply, quality, and infrastructure development.
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“Ghana’s petroleum downstream plays a pivotal role in providing assurance for our nation’s energy security while driving economic growth,” he remarked.
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However, he acknowledged that some policies had led to unintended consequences, including illegal fuel imports, distribution inefficiencies, and infrastructure challenges.
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Beyond these issues, the industry is also adapting to global energy transition demands and the potential risks associated with stranded fossil fuel assets.
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Mr. Tameklo stressed the need to strike a balance between ensuring energy security—through product availability, accessibility, and affordability—while positioning the sector to respond effectively to the shifting global energy landscape.
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