Government says it is carrying out a comprehensive review of regulations in the downstream petroleum sector, including plans to introduce a new National Petroleum Authority (NPA) Act to reflect changing market conditions.
John Jinapor, Minister for Energy and Green Transition speaking at the 20th anniversary celebration of the NPA, said the reforms are necessary as global energy systems shift toward renewables. He noted that an updated legal framework will help enhance consumer protection and support the country’s transition efforts.
“As we celebrate our past, we must prepare for the future. The global energy landscape is rapidly shifting towards renewables, which is why the government is undertaking comprehensive reviews and reforms within the downstream petroleum sector, including the reenactment of a new NPA Act,” he said.
Mr. Jinapor explained that the new Act will enable the NPA to promote cleaner and alternative fuels, improve transparency, and ensure a fair pricing structure.
“My objective as minister is simple: to position the NPA as a regulator for the future—responsive, innovative, digitally enabled and environmentally aligned with our national development goals,” he added.
NPA Chief Executive Godwin Edudzi Tamakloe expressed gratitude to former President John Agyekum Kufuor for initiating the establishment of the Authority. He also acknowledged the contributions of past and current board members, management and staff.
Mr. Tamakloe reaffirmed the Authority’s commitment to safeguarding the country’s petroleum security and maintaining strict oversight of the downstream sector.
“The Authority’s vision is to become a catalyst for transformation, with a mission to regulate, oversee and monitor the petroleum downstream in Ghana for efficiency, growth and stakeholder satisfaction,” he said.
The anniversary was held on the theme: “20 Years of Fueling Ghana’s Progress: The Journey, the Legacy and the Future.”
