
The country’s National Petroleum Authority (NPA) has recently signed agreements with Senegal and The Gambia to import petroleum products from Ghana, adding to an existing network that includes Mali, Niger, Burkina Faso, Cote d’Ivoire, and Togo.
In 2023, Ghana re-exported and transited over 385 million liters of petroleum products to these countries. This success is attributed to the NPA’s efforts to curb illicit fuel activities within Ghana, according to Dr. Mustapha Abdul-Hamid, CEO of the NPA.
The industry now boasts over 3,000 service providers, with high local participation, delivering over four million tonnes of petroleum products annually for both domestic consumption and regional export.
“We estimate that the sector had a monetary value of over Ghc 71 billion [Ghanaian Cedi] (approximately $4.58 billion), representing about 84% of the country’s 2023 GDP. In the past seven years, the industry returned an average annual value of over Ghc 35 billion (approximately $2.26 billion),” the NPA head said.
The official added that, recognizing the dynamic nature of the downstream petroleum industry, NPA is committed to using technology and innovation to maintain its position as a regional leader.
This includes implementing innovative strategies and policies to ensure efficiency, profitability, and consumer value.
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