Petroleum Commission appeals for share of Ghana’s oil funds

The Petroleum Commission has asked the government to give it part of Ghana’s petroleum funds to help improve its operations and strengthen supervision of the oil and gas industry. Chief Executive Officer of the Commission, Emeafa Hardcastle, said the Commission needs more financial support to carry out its duties effectively and protect Ghana’s oil and gas resources. Speaking at the 2026 Local Content Conference and Exhibition in Takoradi, she appealed to President John Dramani Mahama and the Finance Minister to consider allocating some of the funds to the Commission. How a $25,000 loan helped start Fidelity Bank According to her, the money would help the Commission improve its systems, introduce more digital services and manage petroleum information and resources more effectively. She explained that the oil and gas industry is becoming more complex, making it necessary for the Commission to have the right equipment, skilled workers and financial resources to perform its duties. “As the regulator of the upstream petroleum sector, the Commission plays a pivotal role in safeguarding the nation’s petroleum resources, promoting efficient petroleum operations, facilitating investment, and maximising value for the people of Ghana,” she said. The CEO noted that regular financial support would also help the Commission create a stable and transparent environment that encourages investors to explore and produce oil and gas in Ghana. She stressed that a stronger Petroleum Commission would help ensure that Ghana’s petroleum resources are properly managed for the benefit of the country. Lower inflation means little when Ghanaians still struggle – Economist The appeal comes as the Petroleum Commission marks 15 years of regulating Ghana’s upstream petroleum industry. BoG Developing New Stablecoin Directive to Regulate Digital Assets in Ghana– Governor BoG Governor Gives Ghanaians Christmas Cedi Assurance | What He Promised Source: www.ghanaweb.com
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