The National Petroleum Authority (NPA) has expressed confidence that the introduction of a 24-hour petroleum economy in Ghana’s downstream sector will generate thousands of both direct and indirect jobs.
Chief Executive Officer of the NPA, Godwin Edudzi Tameklo, made this known during the signing of a Memorandum of Understanding (MoU) between the 24-Hour Economy Authority and the NPA, a move seen as a major step toward implementing round-the-clock operations in the sector.
He emphasised the critical role of the downstream petroleum industry in driving Ghana’s economy, particularly in supporting transportation, industrial activities and commercial operations.
Mr Tameklo noted that current operational constraints have resulted in inefficiencies and lost opportunities, which the proposed 24-hour system aims to resolve.
He explained that extending operations across the sector will unlock its full potential, improving service delivery and strengthening supply chains.
The initiative, he said, will enhance the availability and accessibility of petroleum products across the country, improve efficiency and reliability in distribution, create employment opportunities, and boost government revenue while stimulating economic growth.
He also stressed the need to prioritise safety and security as the sector transitions to a 24-hour model, adding that collaboration with national security agencies and emergency services will be crucial to protect infrastructure and personnel.
Key industry players, including oil marketing companies, bulk distributors, depot operators and transporters, are expected to play a vital role in the rollout through increased investment and operational preparedness.
The MoU marks the beginning of coordinated efforts between the NPA and the 24-Hour Economy Authority to transform Ghana’s downstream petroleum sector into a more efficient, resilient and inclusive industry operating around the clock.
