The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has made a passionate call for innovative financing solutions to sustain Ghana’s downstream oil and gas sector.
Speaking at the Downstream Dialogue 2025, a high-level two-day event themed “Ghana’s Downstream Oil and Gas Sector: Challenges and Opportunities,” he stressed the urgent need for collaboration between industry players and financial institutions to unlock funding opportunities.
“Unlocking financing and investment opportunities is essential to enhancing liquidity, fostering expansion, and ensuring the long-term viability of our sector,” Dr. Oppong stated. He added that COMAC plans to engage banks and consultants to develop customized funding mechanisms that fit the needs of businesses operating in the sector.
The event brought together policymakers, energy sector executives, and financial experts to deliberate on pressing financial constraints and explore alternative investment models. Discussions also turned to the future of energy, with Dr. Oppong urging industry players to shift focus towards renewable energy, e-mobility solutions, and regulatory reforms.
“It is imperative that we assess the challenges and opportunities presented by this shift,” he noted. “We must carefully examine it to ensure a balanced and strategic transition that meets our energy demands and safeguards jobs while committing to environmental stewardship.”
In a related development, the National Petroleum Authority (NPA) has announced plans to roll out automated fuel dispensers as part of its broader 24-hour economy strategy. This initiative is expected to enhance operational efficiency and ensure a consistent supply of petroleum products across the country.
Meanwhile, the Minister for Energy and Green Transition, John Jinapor, has disclosed plans to establish a stakeholder committee tasked with implementing comprehensive reforms in the downstream petroleum sector. The committee’s goal will be to stabilize fuel supply, address regulatory concerns, and improve overall industry performance.
