Dr. John Jinapor, Minister of Energy and Green Transition with key industry players
The Minister of Energy and Green Transition, Dr. John Abdulai Jinapor, has hinted at the government’s plan to conduct a comprehensive review of the petroleum downstream sector to align it with modern trends and enhance operational efficiency, accountability, and sustainability.
Speaking at a stakeholder engagement with key industry players on February 4, 2025, John Jinapor explained that the review aims to streamline operations, improve regulatory oversight, and ensure long-term sectoral growth.
The sector minister also reiterated the government’s dedication to addressing challenges hindering the sector’s progress, including issues related to foreign exchange rates, the Gold-for-Oil Programme, local content policies, and refinery revitalization.
In a Facebook post shared by the ministry, it noted that, “The minister further mentioned that the government will establish a Renewable Energy Investment and Green Transition Fund to accelerate Ghana’s shift towards cleaner energy sources.”
The Fund has been designed to accelerate Ghana’s transition towards cleaner energy sources while maintaining a resilient petroleum supply chain.
The stakeholder meeting, held at the Ministry of Energy and Green Transition, brought together representatives from the Ghana Chamber of Bulk Oil Distributors (CBOD), the Chamber of Oil Marketing Companies (COMAC), the Tanker Owners Union, and the Tanker Drivers Union.
Industry players welcomed the government’s commitment to the reform process and expressed their readiness to support the initiative.
They acknowledged the importance of aligning the sector with global best practices and pledged to collaborate with the Ministry in achieving a more accountable and sustainable petroleum downstream industry.
MA
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