Towards an Inclusive Energy Future: Ghana’s NPA Chief Executive to Deliver Keynote at AEW 2023

  • Home
  • News
  • News
  • Towards an Inclusive Energy Future: Ghana’s NPA Chief Executive to Deliver Keynote at AEW 2023

Mustapha Abdul-Hamid, Chief Executive of Ghana’s National Petroleum Authority, will speak at African Energy Week on the role regulatory and monitoring activities play in driving sustainable operations in Ghana’s downstream sector.

Ghana’s National Petroleum Authority (NPA) recognizes the critical role deregulation plays in increasing private participation and investment while opening up the downstream market to the local population. The company is advancing with the deregulation of petroleum processes by easing restrictions on the establishment and operations of facilities as well as the importation of crude oil and petroleum products under efforts to improve sustainable and competitive opportunities. In light of this, the African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce that the NPA’s Chief Executive, Mustapha Abdul-Hamid, will speak at this year’s African Energy Week (AEW) conference and exhibition, taking place from October 16–20 in Cape Town.

Abdul-Hamid’s remarkable career spanning journalism, academia and politics makes him an invaluable addition to AEW. As the newly appointed Chief Executive of the NPA, he brings a wealth of knowledge to the table. Having held key governmental roles, such as Minister of State responsible for Information and Government Communications and Deputy National Campaign Manager for the New Patriotic Party, Abdul-Hamid represents both an important speaker at AEW 2023 and instrumental figurehead at the NPA.

Since its establishment, the NPA has overseen the deregulation process in the petroleum downstream industry. By facilitating the removal of restrictions and allowing private importers, distributors and retailers to set ex-refinery and ex-pump prices without government intervention, the industry has become more competitive and market-driven. This move ensures fair pricing and encourages efficiency and innovation among market players, enabling Ghanian companies and entrepreneurs to both participate in and lead the expansion of one of the country’s most promising sectors.

Currently in Ghana’s downstream sector, there are plans for the construction of the Prestea gas processing plant with an estimated cost of $210 million and an expected capacity of 200 million cubic feet per day. Ningo Oil Refinery Ltd., a wholly owned Ghanaian refinery developer, has proposed the establishment of two refineries in the Greater Accra area, with a capacity to produce 100 million barrels per day (bpd) and 5 million bpd, respectively. As the regulatory authority for Ghana’s petroleum downstream sector, the NPA plays a vital role in overseeing and facilitating the development of these projects. The NPA ensures compliance with regulations, assesses feasibility, and collaborates with other stakeholders to streamline permitting and approvals, contributing to the growth and sustainability of Ghana’s petroleum industry.

Additionally, to raise standards for the petroleum downstream business, the NPA has opened a tanker parking terminal in Kpone, Greater Accra Region. This project demonstrates the NPA’s commitment to mitigating the safety concerns brought on by tankers parked along the route leading to the Tema Oil Refinery and other depots in Tema.

Meanwhile, a planned cylinder recirculation project by the Ghanaian government through the NPA will introduce significant sustainability and local content benefits. It will create over 4,500 jobs, enhance safety measures, improve access to cleaner Liquefied Petroleum Gas (LPG), and ensure efficient resource management. This initiative will transform high-risk fuel stations into distribution outlets for filled cylinders, allowing customers to exchange their empties with a deposit for a filled one. Under this system, consumers will not own gas cylinders but instead access them at certified points. New users will also be required to pay a deposit for the filled cylinders. The NPA plans to establish bottling plants, each with a workforce of at least 40 employees, and LPG cylinder trucks will transport filled cylinders to improve accessibility. This initiative aligns with sustainability objectives, fostering economic growth and environmental protection for a more sustainable energy future in Ghana.

“Through its progressive regulations and market-driven approach, Ghana’s NPA is playing a pivotal role in boosting investments in the energy sector. The NPA’s commitment to fostering a competitive and sustainable market has led to increased private-sector participation and innovative solutions. The NPA’s operations not only drive economic growth but also contribute to sustainability by promoting cleaner energy alternatives and ensuring efficient resource management. Its dedication to responsible practices and environmental and social protection sets a remarkable example for the industry, making Ghana a leading player in the global energy arena,” states NJ Ayuk, Chairman of the AEC.

During AEW 2023, Abdul-Hamid is expected to provide insight into these developments while showcasing the role deregulation, private participation and investment plays in advancing opportunities for the local population. Through various panel discussions and investors forums, Abdul-Hamid will showcase the success of the NPA’s local content agenda, making a strong case for an open-market approach for Africa’s downstream industry.

AEW is the AEC’s annual energy conference and exhibition uniting African energy policymakers and companies with global investors to discuss the future of Africa’s energy sector. For more information about attendance, sponsorship and partnership opportunities, visit www.aecweek.com