The Chief Executive of the National Petroleum Authority (NPA), Godwin Kudzo Tameklo, has underscored the Authority’s disciplined regulatory regime as a key driver of stability and growth in Ghana’s downstream petroleum sector.
He said firm oversight, fair pricing mechanisms and consistent enforcement are creating a market environment that works for investors, operators and consumers alike.
Mr Tameklo made these remarks while serving as a panellist at the 2026 Nigeria International Energy Summit (NIES), during a discussion on “Driving Domestic Value: Transforming Downstream Markets and Refining.”
The session brought together industry leaders and policymakers to examine strategies for strengthening Africa’s downstream petroleum value chain.
According to the NPA Chief Executive, disciplined regulation is central to building confidence in the downstream sector, noting that predictable rules and transparent pricing frameworks are essential for attracting responsible investment.
He explained that the Authority’s approach balances commercial viability with consumer protection and national energy security.
Mr Tameklo further highlighted how effective regulation can enhance refining capacity, improve distribution networks and safeguard supply reliability.
He stressed that consistent regulatory practice links policy intent to real-world outcomes, ensuring that reforms translate into measurable improvements across the petroleum value chain.
The panel discussion also reflected on Africa’s broader downstream potential, with participants emphasising the urgent need for the continent to refine more of its crude oil locally.
Mr Tameklo aligned with calls for African countries to retain greater petroleum value within their economies, arguing that strong regulatory institutions are critical to achieving sustainable industrialisation and energy self-sufficiency.
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Source: www.myjoyonline.com