The Ghanaian government is revising its National Energy Policy - Energy Minister

Ghana’s Energy Minister, John Peter Amewu has disclosed that the government and key stakeholders in the petroleum upstream sector have started the process of revising the current National Energy Policy (NEP).

Minister for Energy John Peter Amewu

This according to Mr Amewu is to provide and ensure efficient petroleum activities in the sector.

Mr Amewu mentioned this during the 11th International Upstream Conference held in Accra. He explained that the revision is to ensure that petroleum resources are used to optimal benefits to the country.

The revision of the Policy would also ensure the necessary regulations and policies streamlined to take advantage of the emerging opportunities in the sector whiles ensuring minimal or no adverse consequences.

According to Ghana’s Vice President, Dr. Mahamadu Bawumia the government would be responsive to the changing technological needs of the petroleum industry by adopting contemporary and innovative technologies to maximise petroleum revenue to ensure utmost benefits to the State.

Speaking during the conference, Dr. Bawumia said the government is committed to putting in the strict and effective regulatory framework to protect investments in the sector.

“One of the anchor pillars is an accelerated oil and gas exploration development plan needed to ensure the promotion of fairness, transparency, and predictability in Ghana’s upstream petroleum sector.”

All this is coming at a time when several civil society institutions and experts in the sector have been advocating for the need to revise the National Energy Policy which would ensure that adequate regulatory framework and measures are put in place to fully utilize the petroleum revenues.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Rashid Abdalla's kids interrupt Citizen TV bulletin to wish him happy birthday [Video]

Rashid Abdalla's kids interrupt Citizen TV bulletin to wish him happy birthday [Video]

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court