News:
June 23, 2025
The Minority in Parliament has expressed concern over the impact of the Israel-Iran conflict on Ghana’s petroleum industry.
The caucus states that the escalating tensions have led to a rise in crude oil prices and the withdrawal of some investors from the operations of the Ghana National Petroleum Corporation (GNPC).
Speaking to journalists during a meeting between Parliament’s Energy Committee and agencies in the energy sector, the Deputy Ranking Member on the Committee, Collins Adomako Mensah, called on the government to adopt pragmatic measures to prevent a possible fuel crisis.
Meanwhile, the National Petroleum Authority (NPA) has announced plans to seek a review of penalties imposed on individuals who establish unauthorized fuel stations in the country.
The Authority says the current fine which is pegged at less than 20,000 Ghana Cedis is not punitive enough to deter offenders.
The NPA noted that the increasing number of unlicensed fuel stations has led to several explosions, some of which have resulted in loss of lives.
Speaking at a meeting with Parliament’s Energy Committee, the Chief Executive Officer of the NPA, Godwin Tamakloe assured of the Authority’s commitment to curbing such tragic incidents and ensuring stricter enforcement of safety regulations.
The National Petroleum Authority (NPA) has pushed back against calls for a total repeal of the Energy Sector Levy Amendment Act which sought to increase fuel prices by One Ghana Cedi per liter.
Although the government suspended its implementation, the Minority in Parliament has called on the Finance Minister to appear before the house next week to repeal the Act.
In an interaction with journalists after a meeting with the Energy Committee of Parliament, the NPA CEO, Godwin Tamakloe asked the Minority to propose an alternative solution instead of demanding a repeal of the levy.
Ghanammps.com