Ghana deepens petroleum trade ties with Mali

The National Pe­troleum Authority (NPA) has initiated moves to promote fuel trade and in­vestment between Ghana and Mali.

The NPA’s strategy is to contin­uously engage the Malian author­ities and importers to achieve the objective of increasing fuel supply to the Sahelian region.

Consequently, a delegation from the NPA led by a Deputy Chief Executive, Mrs. Linda Asante, paid a four-day working visit to Mali.

The team held meetings with key stakeholders including the regula­tors, Office Malien des Produits Petoliers (OMAP), the Malian Cus­toms, and the directorate in charge of trade – Direction Generale Commerce de la Consommation et de la Concurrence (DGCCC) and Malian petroleum importers operators.

Mrs Asante said the visit was part of NPA’s strategy to deepen economic relations between Ghana and Mali, and other countries in the sub-region, particularly in the area of fuel trade.

“It was also to discuss mat­ters on trade facilitation and the signing of a trade cooperation agreement between Ghana and Mali,” she added.

The Deputy Chief Executive stated that the idea was to collabo­rate with key Malian institutions to develop export protocols and sign trade cooperation agreements to promote fuel trade and invest­ments between the countries.

She also revealed that another key area of focus for the delega­tion was to strengthen the col­laboration between NPA and its counterpart in curbing illicit fuel activities associated with the fuel trade to ensure the tax revenues of both countries are protected, and also ensure that the Gha­na-Mali corridor is safeguarded to protect the economic interests of both countries.

The delegation also paid a cour­tesy call on Ghana’s Ambassador to Mali, Napoleon Abdulai.

Additionally, the visit presented an opportunity to initiate discus­sions to increase the supply of the fuels currently being supplied (Ga­soil, Gasoline and Jet-A1) to Mali and promote LPG imports into the Malian market from Ghana.

The team established a working relationship with the embassy on how to advance the economic in­terests of Ghana and facilitate the signing of the Trade Cooperation Agreement.