Mustapha Hamid Promises To Make NPA Financially Viable

Dr Mustapha Abdul-Hamid, CEO of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid, CEO of the National Petroleum Authority (NPA),

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), has disclosed that one of his major priorities, will be to ensure that NPA, regulator of the downstream petroleum sector, is financially viable.

Speaking at the opening of a management retreat in Ada, Dr Mustapha Abdul-Hamid, said the downstream sector is an important component of Ghana's economic success, but, if the right things are not done to ensure efficiency and robustness, the industry may struggle to contribute to the expected revenue targets for national development.

Alluding to the manner in which the banking sector suffered due to wholesale granting of licenses, Dr Abdul-Hamid, said the same approach should not be adopted by the downstream sector.

He said licenses for the establishment of petroleum retail outlets, should be given to those who are willing and prepared to do business, contribute the right amount of taxes into state coffers and ensure the nation benefits.

He added that third party activities in the industry, should not be encouraged since it undermines the integrity of the sector and the operations of those doing the right things.

Dr. Abdul-Hamid, also affirmed his commitment to improving efficiency of NPA's operations, improving staff morale, as well as building the capacity of staff to deliver on his mandate.

According to him, a united front and team work among staff, will ensure the objectives are achieved.

Dr. Abdul-Hamid, also said the Authority under his leadership, will deliver first class service to stakeholders in the petroleum downstream sector.

The retreat is part of the Authority's way to review its mid-year performance and expedite planned strategies to meet its target for the year.