I’ll make NPA financially viable – Mustapha Hamid

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, says 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. 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.

Source: 3news.com

It a big lie, nothing different,same old story. It’s just rhetorics. I. This year alone,the price of fule has gone up like 5 times.

Nothing will change if Mr. Hamid is there. You must not be surprise when he leaves office and there’s a judgement debt

Hon. Mustapha Hamid was the spoke person for the president when they were in opposition. He told so much lies that his credibility and reputation is at stake when they came to power. Now, he is adding to his repository of lies by saying he will make the agency financially viable. Well, let’s see what happens.

He thinks we don’t know , he sparks with such zeal and at the end will do nothing. All these lies and you still here making promises hm