Energy Minister Dr John Jinapor has emphasised that local refining and value addition remain central pillars of Ghana’s energy transition strategy.
He said that while the government continues to accelerate investments in renewable energy, energy efficiency and other green technologies, they also recognise that petroleum resources will continue to play an important role in supporting economic growth, industrialisation and energy security during the transition period.
He said their objective is therefore clear: to leverage today’s petroleum resources responsibly while investing in the cleaner energy systems of tomorrow.
“The two objectives are complementary and mutually reinforcing,” he said during the delivery of crude oil to Sentuo Oil refinery for local refining, on Monday June 8.
He expressed appreciation to all stakeholders whose cooperation and commitment made this initiative possible.
“In particular, I acknowledge GNPC and Explorco, Tullow Ghana, Kosmos Energy, PetroSA, Vitol Ghana, Sentuo Oil Refinery and all partners associated with the Jubilee and Sankofa fields for their constructive engagement and support,” he said.
Dr Jianpor also assured investors and industry participants that Government remains committed to promoting policies that encourage investment, support local value addition and strengthen collaboration across the entire petroleum value chain.
He said they will continue to provide the policy certainty and institutional support necessary to unlock the full potential of Ghana’s energy sector.
“As we celebrate this important milestone today, let us remain focused on the bigger objective before us: transforming Ghana from a producer of raw materials into a nation that increasingly processes, refines and adds value to its own resources.
“That is the pathway to industrial transformation, sustainable job creation, economic resilience and shared prosperity.
“Together, we can build an energy sector that not only powers our economy but also serves as a catalyst for national development and industrial growth,” he said.
