NPA CEO: Ghana remains confident in its fuel pricing policy framework and supply security arrangements

Chief Executive Officer of the National Petroleum Authority, Godwin Edudzi Tameklo, has assured stakeholders in Ghana’s downstream petroleum sector that government remains committed to maintaining fuel supply stability despite ongoing geopolitical tensions affecting global energy markets.

Speaking at an exclusive breakfast meeting hosted by the National Petroleum Authority (NPA) in Accra on Tuesday, Mr Tameklo acknowledged that conflicts and political instability in several parts of the world continue to create uncertainty within the international oil and gas market.

According to him, these global developments have contributed to fluctuations in crude oil prices and broader energy supply concerns across many economies.

Despite these challenges, the NPA boss expressed confidence in Ghana’s fuel pricing policy framework and the country’s supply security measures, assuring petroleum industry players that government interventions have been carefully designed to protect both businesses and consumers.

“Government interventions over the past two pricing windows — GHS2.00 per litre on diesel and GHp36 per litre on petrol — as well as the next two windows involving GHS1.07 per litre on diesel, were well thought through, with the risks to your businesses very well considered,” Mr Tameklo stated.

The breakfast meeting brought together chief executives and key stakeholders within Ghana’s downstream petroleum industry to strengthen collaboration between regulators and industry operators.

The engagement also focused on improving the country’s petroleum regulatory regime, enhancing stakeholder participation, and encouraging networking aimed at promoting long-term growth and sustainability in the sector.

Among the high-profile government officials present at the event was John Abdulai Jinapor, Ghana’s Minister of Energy and Green Transition, alongside Deputy Minister Richard Gyan-Mensah.

Also in attendance were Deputy Chief Executive of the NPA, Sheila Addo, as well as members of the Authority’s Executive Committee.

Addressing participants at the meeting, Dr Jinapor reaffirmed government’s commitment to ensuring uninterrupted supply and distribution of petroleum products across the country.

He stressed that maintaining a stable and efficient fuel supply chain remains essential to sustaining economic growth, supporting businesses, and protecting consumers from major supply disruptions.

Industry stakeholders at the meeting also discussed several strategic measures aimed at strengthening Ghana’s downstream petroleum sector and improving operational efficiency within the industry.

At the end of the engagement, participants agreed on a number of actions expected to support the growth, sustainability, and long-term resilience of the petroleum sector in Ghana.

The meeting forms part of ongoing efforts by the National Petroleum Authority to deepen engagement with industry players while responding proactively to evolving global energy market conditions.