News Guide Africa

Tag: National Petroleum Authority (NPA)

  • LPG crisis looms as COMAC threatens to halt Atuabo deliveries over price disparity

    LPG crisis looms as COMAC threatens to halt Atuabo deliveries over price disparity

    The Chamber of LPG Marketing Companies (COMAC) has issued a stern warning to the National Petroleum Authority (NPA) and government officials, stating it may suspend Liquefied Petroleum Gas (LPG) deliveries from the Atuabo plant unless an urgent price gap is addressed.

    The chamber is demanding immediate intervention to resolve a nearly GH¢1.00 per kilogram price difference between Atuabo-based supplies and those from Tema-based suppliers.

    In a formal petition directed to the NPA, the Chief Executive Officer of COMAC, Dr. Riverson Oppong, revealed that Sage Petroleum in Atuabo is currently retailing LPG at GH¢12.65/kg. This figure stands in sharp contrast to Tema-based competitors such as Alpha, Matrix, and FuelTrade, all of whom are selling at approximately GH¢11.65/kg to GH¢11.66/kg.

    Dr. Oppong described the price gap as a “structural disadvantage” that is rapidly eroding the business viability of marketers operating within the Atuabo zone.

    “This is not a marginal difference,” the letter stated. “Continuing to absorb these losses is no longer sustainable. Trucks may be grounded, and deliveries suspended after the holiday period if no action is taken.”

    Proposed solutions

    To avert a potential shortage and protect the interests of marketing companies, COMAC has proposed two primary paths forward for the regulator:

    Price Alignment: Direct Sage Petroleum to align its pricing with the rates offered by Tema-based suppliers to ensure a level playing field.

    Zonal Flexibility: Should Sage Petroleum refuse to adjust its prices, COMAC requests that the NPA lift current “zonalization” restrictions. This would allow marketers within the Atuabo zone to bypass local supply and load cheaper LPG from Tema.

    Regulatory pressure

    The petition emphasizes that immediate regulatory action is required to maintain market fairness and preserve the integrity of the national LPG supply chain. COMAC argues that the current system unfairly burdens Atuabo-zone marketers, who are forced to buy at higher rates while trying to remain competitive at the pumps.

    The letter was also copied to the Ministry of Energy and Green Transition, Ghana National Gas Company Limited, and the leadership of various Oil and LPG Marketing Companies.

    As of early April, the NPA has yet to issue a definitive response, leaving the Atuabo LPG market in a state of uncertainty as the holiday period concluded.

     

     

     

     

  • NPA takes lead as Energy Ministry sets April 15 deadline for 24-hour economy roadmap

    NPA takes lead as Energy Ministry sets April 15 deadline for 24-hour economy roadmap

    By Humu Shaibu

    The Ministry for Energy and Green Transition has ramped up the implementation of the government’s 24-hour economy policy, directing all its subsidiary agencies to submit comprehensive operational roadmaps by April 15, 2026.

    The directive is aimed at transforming the energy sector into a round-the-clock operation to drive economic growth and bridge the unemployment gap.

    Speaking at a media engagement following the signing of a Memorandum of Understanding (MoU) between the National Petroleum Authority (NPA) and the 24-Hour Economy Authority, Deputy Minister Richard Gyan-Mensah confirmed that formal letters have been dispatched to all relevant heads of agencies.

    “The Minister has directed all agencies to submit their roadmap because we strongly support the 24-hour economy and its implementation,” Gyan-Mensah stated. “We deem it fit that all agencies, not just the NPA, come out with a plan to deliver not just economic transformation, but significant job creation.”

    Petroleum sector leading the charge

    The National Petroleum Authority (NPA) is expected to be a primary driver of this initiative. Under the new MoU, the downstream petroleum sector will expand its continuous operations, ensuring that fuel supply, distribution, and administrative oversight remain active 24/7.

    According to the Ministry, several key entities including the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company (BOST) are already well advanced in their internal preparations to transition to the new model.

    Economic impact and job growth

    The Deputy Minister noted that moving to a 24-hour cycle in the energy sector would create a “multiplier effect” on the economy. By operating through the night, the sector is expected to create thousands of direct jobs for shift workers, security personnel, and logistics experts, while also supporting indirect jobs in the transport and manufacturing industries that rely on a constant energy supply.

    “Most of [the agencies] are actually far advanced with their processes. We want to have these plans officially submitted to us by the middle of next month so we can enforce implementation and identify any gaps,” Gyan-Mensah added.

    The April 15 deadline will allow the Ministry to assess the readiness of the various agencies and provide the necessary regulatory support to ensure the transition is seamless and sustainable. Industry experts believe that if successful, the petroleum sector’s move to a 24-hour model could serve as a blueprint for other critical sectors of the Ghanaian economy.

     

     

     

  • Fuel prices to surge as NPA sets new price floors for April 1 window

    Fuel prices to surge as NPA sets new price floors for April 1 window

    By Adnan Adams Mohammed

    Ghanaian consumers are bracing for a significant increase in fuel prices starting Wednesday, April 1, after the National Petroleum Authority (NPA) announced new minimum price floors for petroleum products.

     

    ​The revised pricing structure, which covers the April 1–15 pricing window, signals an upward adjustment across all major fuel types. According to the NPA’s directive, the minimum price floor for petrol (PMS) will rise from GHS 11.57 to GHS 13.30 per litre, representing an increase of GHS 1.73.

     

    ​Diesel (AGO) will see an even steeper jump, with the price floor climbing from GHS 14.35 to GHS 17.10 per litre a sharp increase of GHS 2.75 in just two weeks.

     

    Liquefied Petroleum Gas (LPG) also recorded a marginal rise, moving from GHS 10.67 to GHS 10.71 per kilogramme.

     

    ​In a notice issued to Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs), the Authority mandated strict adherence to these new price floors, in accordance with the Petroleum Products Pricing Guidelines (PPPG).

     

    ​The NPA clarified that these figures represent the absolute minimum “floor” and do not include additional costs such as:

     

    ​Premiums charged by International Oil Trading Companies (IOTCs)

    ​Margins for Bulk Import, Distribution, and Export Companies (BIDECs)

    ​Operational margins for marketers and dealers

    ​Because these additional levies and industry margins are determined independently by players in the sector, the actual price consumers see at the pump is expected to be significantly higher than the announced floors.

     

    ​Under the new directive, no OMC or LPGMC is permitted to sell products below these approved minimums. Companies currently offering fuel at lower rates will be required to adjust their prices upward effective immediately at the start of the April window.

     

    ​This latest adjustment is expected to put further pressure on transport fares and the general cost of living, as businesses and commuters grapple with the rising cost of energy.

    ​

  • NPA hikes fuel price floors as analysts warn of GH¢17 per litre

    NPA hikes fuel price floors as analysts warn of GH¢17 per litre

    By Adnan Adams Mohammed

    Consumers and motorists across the country are bracing for a massive hit to their wallets as the National Petroleum Authority (NPA) announced a sharp upward revision of the minimum price floors for petroleum products.

    Effective from the March 16–31 pricing window, the new directive ensures that no Oil Marketing Company (OMC) can sell fuel below the government-mandated “floor,” effectively killing off the deep discounts some motorists have relied on.

    The new price floors: a sharp leap

    The adjustment represents one of the steepest single-window movements in recent history, particularly for diesel.

    Product -Old Floor (GH¢)- New Floor (GH¢) Change

    Petrol (Litre)  -10.46  – 11.57  – +10.6%

    Diesel (Litre) – 11.42  -14.35  – +25.6%

    LPG (Kilogram) – 9.38  -10.67  – +13.7%

    The NPA’s notice to OMCs was clear: compliance is mandatory. Companies currently selling below these rates must raise their pump prices by Monday to meet the new legal minimums.

    Why pump prices will go higher

    It is crucial to note that the GH¢11.57 for petrol and GH¢14.35 for diesel are “floors”—the absolute lowest price allowed. These figures exclude several critical costs that are added before the fuel reaches your tank, including:

    ● International Oil Trading Company (IOTC) premiums.

    ● Bulk Import and Distribution (BIDEC) margins.

    ● OMC and dealer margins.

    ● Government levies and taxes.

    When these factors are added, industry experts warn the actual price at the pump will be much higher.

    Industry leaders are painting a grim picture for the coming weeks. Dr. Riverson Oppong, Chief Executive of the Chamber of Bulk Oil Distributors, warned that given the current geopolitical volatility in the Middle East, a litre of fuel could realistically hit GH¢17.

    Echoing this concern, Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), projected on March 12 that prices would likely oscillate between GH¢14 and GH¢16 per litre once all margins are factored in.

    “The new benchmark offers an indication of expected pump prices… consumers are expected to pay significantly more,” industry observers noted.

    The discounting directive

    For years, competition among OMCs allowed savvy drivers to shop around for lower prices. However, with the NPA setting a higher floor, that competitive “cushion” has effectively vanished. OMCs now have very little room to absorb costs or offer discounts, as they are legally barred from selling below the NPA’s threshold.

    As the March 16 window approaches, the ripple effect of these costs is expected to touch every corner of the economy, from transport fares to the price of basic food items, further straining the cost of living for the average Ghanaian.

     

     

     

     

     

     

  • NPA moves to end “selective discounts” in fuel market overhaul

    NPA moves to end “selective discounts” in fuel market overhaul

    In a major regulatory pivot aimed at stabilizing the downstream petroleum sector, the National Petroleum Authority (NPA) has officially scrapped discounted fuel pricing, ordering all Oil Marketing Companies (OMCs) to implement uniform pump prices across their respective retail networks.

    The directive, which takes effect on March 16, 2026, effectively ends the “price war” strategies used by major players like Star Oil and state-owned GOIL PLC, who had previously offered selective discounts at specific high-traffic locations to undercut competitors.

    “Competition yes, chaos no”

    Defending the move, Abass Ibrahim Tasunti, Director of Economic Regulation and Planning at the NPA, explained that while Ghana’s market is deregulated, it must not become “disorderly.” Speaking on Joy News’ PM Express, Tasunti emphasized that healthy competition should not “kill the industry.”

    “We are trying to make sure that competition is promoted, but it must be healthy,” Tasunti stated. “Nothing stops OMCs from being competitive, but they must maintain a uniform price across their retail outlets.”

    The role of the Unified Petroleum Price Fund (UPPF)

    The core of the NPA’s argument for uniform pricing lies in the Unified Petroleum Price Fund.. This mechanism ensures that the cost of transporting fuel from depots to distant regions is equalized.

    Because the fund not the individual OMC covers transportation costs, the regulator insists that a consumer in Wa or Akokobi should pay exactly the same price as a consumer in Accra or Tema for the same brand of fuel.

    “Oil marketing companies do not pay for that transportation cost out of pocket; they submit claims for us to pay,” Tasunti explained. “Therefore, an OMC cannot justify charging different prices within the same network.”

    Daily flexibility, but no more “selective” cuts

    The new guidelines do not return Ghana to fixed pricing. Under reforms introduced in 2024, OMCs remain free to adjust their prices on a daily basis rather than waiting for the end of a two-week pricing window.

    However, the “catch” is two-fold:

    1. Uniformity: If a company cuts its price, that cut must apply to every station under its brand nationwide.

    2. Transparency: Companies must notify the NPA 24 hours in advance before any price revision.

    Industry reaction: A level playing field?

    The move is expected to hit “low-cost” leaders like Star Oil the hardest. Under the previous 2024 guidelines, stations were allowed to offer discounts of up to 2% off the prevailing ex-pump price. Sources at Star Oil indicated that while they have performed well under both regimes, there are concerns about whether smaller, lesser-known OMCs will follow the rules or continue to “price-cheat” at remote locations.

    The NPA has warned of severe sanctions for any operator found violating the revised guidelines after the March 16 deadline. A high-level meeting between the regulator and industry players is scheduled for Wednesday, March 11, to iron out implementation hurdles.

    The New Fuel Pricing Rules (Effective March 16, 2026)

    Feature Previous Regime (2024) New Framework (2026)

    Discounting Selective (up to 2% allowed) Banned; Uniform pump prices only

    Pricing Logic Location-based allowed Network-wide uniformity required

    Adjustment Frequency Daily (with notification) Daily (with notification)

    Enforcement Market-led Regulatory sanctions & monitoring

    Industry pushback and compliance concerns

    Major players like Star Oil, which had successfully used selective discounts as a growth strategy, are reportedly unfazed by the shift in profitability but wary of enforcement. Sources within the industry expressed concern that “lesser-known OMCs” might continue to ignore the guidelines, as they did under previous regimes.

    The NPA has fired a warning shot at potential violators, promising severe sanctions for any company found applying location-based discounts or failing to follow the new pricing formula.

    The New Fuel Pricing Framework (Effective March 16)

    Feature Old Practice New Directive

    Price Consistency Discounts allowed at specific stations Uniform price across all brand outlets

    Price Revisions Fixed for the 2-week window Daily revisions allowed (with notice)

    Transportation Subsidized by UPPF Subsidized by UPPF (strictly enforced)

    Selective Discounts Up to 2% allowed Scrapped entirely

     

     

     

     

     

     

     

     

     

     

     

  • NPA allays fuel shortage fears amid global volatility …as Govt reviews contingency plans

    NPA allays fuel shortage fears amid global volatility …as Govt reviews contingency plans

    By Adnan Adams Mohammed

    The National Petroleum Authority (NPA) has moved to reassure the Ghanaian public of a stable fuel supply, downplaying fears of a potential shortage despite escalating geopolitical tensions in the Middle East and increased volatility in global oil markets.

    Speaking on JoyNews’ The Probe on Sunday, March 1, 2026, the Director of Economic Regulation and Planning at the NPA, Abass Ibrahim Tasunti, confirmed that the country holds a robust buffer of petroleum products, capable of cushioning consumers for several weeks.

    National Stock Levels: A Seven-Week Safety Net

    According to the latest monitoring data from the NPA, Ghana’s current fuel reserves are at a comfortable level:

    ● Petrol: Approximately 6.8 weeks of supply.

    ● Diesel: Over 5.3 weeks of supply.

    Mr. Tasunti emphasized that these reserves are not a panicked reaction to recent regional conflicts including the blockade of the Strait of Hormuz but are the result of the NPA’s routine mandate to ensure energy security.

    “We have a plan where almost every day, petroleum products are being discharged,” Mr. Tasunti explained. He further noted that the Sentuo Oil Refinery, which has been operational since June 2025, and the Atuabo Gas Processing Plant are consistently adding to domestic stocks, reducing total reliance on international imports.

    Contingency Plans and the “Mindset Shift”

    The NPA’s assurance comes as the government initiates a broader review of its economic contingency plans. A key pillar of this strategy involves a proposed revision to the Ghana Petroleum Funds (GPF) investment policy.

    Under the “Resetting for Growth” agenda, the administration is seeking to move away from “passive savings” in offshore accounts toward “productive investment” in domestic energy infrastructure. This shift aims to create a more resilient energy sector that can better withstand price shocks and supply disruptions.

    Price vs. Availability: The Reality for Consumers

    While the NPA has guaranteed availability, it warned that as a net importer, Ghana remains a “price taker” on the global stage.

    Global crude prices recently surged past $91 per barrel, and the NPA has already adjusted price floors for the first window of March 2026. Industry experts, including Duncan Amoah of the Chamber of Petroleum Consumers (COPEC), have cautioned that while the pumps may not run dry, consumers should prepare for marginal price increases as private traders factor in the rising cost of future cargoes.

    Strategic Resilience

    To further stabilize the market, the NPA is stepping up its monitoring of Oil Marketing Companies (OMCs) to ensure that pump prices reflect approved regulatory guidelines rather than speculative hikes.

    As of early March, several vessels carrying fresh petrol and diesel cargoes were already at the Tema anchorage awaiting discharge, with more imports scheduled through April. The government maintains that these proactive measures will ensure the “wheels of the economy” continue to turn, even as global uncertainties persist.

     

     

     

     

  • NPA and stakeholders chart path for 24-hour petroleum operations

    NPA and stakeholders chart path for 24-hour petroleum operations

    By Adnan Adams Mohammed

    In a landmark move to modernize Ghana’s energy sector, the National Petroleum Authority (NPA) has convened a strategic consultative meeting with the 24-Hour Economy Authority to finalize the pilot implementation of the 24-hour economy programme within the downstream petroleum industry.

    The meeting, held last week, marks a significant milestone in the government’s “Reset Agenda,” aimed at boosting national productivity and job creation through extended operational hours.

    A unified strategic approach

    The session was chaired by the NPA Chief Executive, Mr. Godwin Kudzo Tameklo, Esq., who underscored the authority’s unwavering commitment to the initiative. He noted that the petroleum sector is a critical engine of the economy and its transition to a 24-hour cycle will have a positive ripple effect across transport, manufacturing, and retail.

    Supporting the Chief Executive were key members of the NPA management, including: Dr. Sheila Addo and Dr. Dramani Bukari (Deputy Chief Executives); Mrs. Sedinam Afua Charity Mammara (HR Director); Mrs. Maria Edith Oquaye (Corporate Affairs Director); Mrs. Eunice Budu-Nyarko (Director of Consumer Services) and; Abass Tasunti (Director of Economic Regulation & Planning)

    Industry alignment and participation

    The pilot programme is being designed in close collaboration with the private sector. Representatives from the Chamber of Oil Marketing Companies (COMAC), the Chamber of Bulk Oil Distributors (CBOD), and the Bulk Oil Storage and Transportation Company Limited (BOST) contributed to the roadmap.

    Discussions focused on the logistical requirements for 24-hour fuel loading and discharge, the introduction of night-shift labor frameworks, and the financial incentives necessary to support businesses transitioning to the new model.

    “We are leaving no stone unturned,” Mr. Tameklo told stakeholders. “Every necessary measure from regulatory adjustments to operational support is being taken to guarantee that the downstream petroleum sector leads the way in this national transformation.”

    Safety and national security

    A 24-hour economy requires a robust security architecture. To address this, high-ranking officials from the Ghana Police Service and National Security participated in the deliberations. The strategy includes:

    ● Enhanced Patrols: Increased visibility of security personnel at fuel depots and retail outlets during late-night hours.

    ● Smart Surveillance: Deployment of advanced monitoring systems to ensure the safe transit of bulk petroleum products.

    ● Worker Safety: Specialized protocols to protect employees working on night shifts.

    The pilot phase

    The upcoming pilot implementation will test the feasibility of round-the-clock fuel station operations and depot services in select metropolitan areas before a nationwide rollout. This move is expected to drastically reduce daytime traffic congestion caused by heavy tankers and provide more flexible refueling options for consumers and commercial drivers.

    With the 24-Hour Economy Authority now operational, the NPA’s proactive stance signals a new era for Ghana’s energy landscape—one that never sleeps.

     

     

     

  • NPA Boss projects Ghana’s regulatory strength at 2026 Nigeria Energy Summit

    NPA Boss projects Ghana’s regulatory strength at 2026 Nigeria Energy Summit

    By Adnan Adams Mohammed

    The Chief Executive of the National Petroleum Authority (NPA), Mr. Godwin Kudzo Tameklo (Esq.), has positioned Ghana as a model for disciplined petroleum regulation during the 2026 Nigeria International Energy Summit (NIES).

    ​Speaking as a lead panelist at Africa’s premier energy forum, Mr. Tameklo underscored that the Authority’s firm oversight, fair pricing mechanisms, and consistent enforcement are the primary engines driving stability and investor confidence in Ghana’s downstream sector.

     

    ​Participating in a high-level discussion themed “Driving Domestic Value: Transforming Downstream Markets and Refining,” Mr. Tameklo challenged the traditional view of regulation as mere control.

    ​”Ghana’s experience shows that regulation must go beyond control and instead serve as a market-shaping tool,” he told an audience of global leaders and industry experts. “A stable regulatory environment gives investors the clarity they need while simultaneously ensuring fair pricing and product availability for the consumer.”

    ​He drew a direct link between sound policy and tangible outcomes, highlighting how the NPA’s disciplined approach has:

    ​Strengthened domestic refining capacity by creating a predictable investment climate.

    ​Improved distribution efficiency through transparent frameworks.

    ​Safeguarded supply security in an increasingly volatile global energy market.

    ​The Push for “African Value”

    ​The 2026 summit, held under the theme “Energy for Peace and Prosperity: Securing our Shared Future,” focused heavily on the urgent need for African nations to refine, utilize, and retain more of their petroleum value within their own borders.

    ​Mr. Tameklo aligned with continental calls for increased domestic processing, arguing that strong regulatory institutions are the bedrock of sustainable industrialization. He noted that predictable rules are essential for attracting “responsible investment” that seeks long-term growth rather than short-term extraction.

    ​A Regional Blueprint

    ​The NPA’s contribution at the summit was widely seen as a blueprint for other African regulators. Delegates noted that Ghana’s ability to balance commercial viability with consumer protection has turned its downstream industry into a classroom for the sub-region.

    ​”Our approach is anchored on consistency and transparency,” Tameklo added. “By ensuring that every player from the largest refiner to the smallest distributor operates under the same disciplined regimen, we create a market that works for everyone.”

    ​The NIES 2026, endorsed by the Federal Government of Nigeria, continues to serve as a critical platform for strategic policy dialogue, bringing together the voices necessary to forge a unified African energy future.

  • Stability Over Volatility: NPA’s bold move to secure Ghana’s fuel future hailed

    Stability Over Volatility: NPA’s bold move to secure Ghana’s fuel future hailed

    By Adnan Adams Mohammed

    In a move widely seen as a masterstroke for market stability, the National Petroleum Authority (NPA) has announced a strategic upward adjustment of the petroleum price floor for the first pricing window of February 2026.

    By pegging the minimum price of petrol at GH¢9.99 and diesel at GH¢10.95, the regulator is not merely adjusting numbers; it is reinforcing a “safety net” designed to protect the very backbone of Ghana’s downstream petroleum sector.

    The February 1–15 directive ensures that no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) can sell below these approved levels. While “price floors” often sound technical to the average motorist, industry experts argue they are the ultimate safeguard against predatory pricing, a destructive practice where larger entities slash prices to unsustainable levels to drive smaller, indigenous competitors out of business.

    “The policy was introduced to prevent price distortions and promote market stability,” the NPA stated. “It ensures transparency, sustainability, and fairness, creating a predictable structure that ultimately protects the consumer from future monopolies.”

    Industry Leaders Rally Behind the Regulator

    The Chamber of Oil Marketing Companies (COMAC) has stood firmly behind the NPA, describing the mechanism as essential to prevent the industry from “collapsing.” Following an emergency board meeting, the majority of COMAC members voted to support the program, recognizing that a “race to the bottom” in pricing would lead to fiscal leakages, unpaid bank loans, and eventual fuel shortages.

    Product   New Price Floor       PreviousPriceFloor

    Petrol (PMS)   GH¢9.99                            GH¢9.80

    Diesel (AGO)   GH¢10.95                          GH¢10.47

    LPG                  GH¢9.05 per kg –

    Efficiency Without Compromise

    Critics of the policy, such as those advocating for total deregulation, argue it limits competition. However, the NPA and the Institute for Energy Security (IES) maintain that the floor price forces OMCs to compete on service quality, innovation, and efficiency rather than just “slashing pesewas” at the expense of operational safety.

    Major players like GOIL PLC have already aligned with the new directive, matching the GH¢9.99 petrol floor while continuing to offer targeted discounts across 200 outlets. This demonstrates that under the NPA’s guidance, OMCs can remain compliant while still offering value to the public.

    The Long-Term Vision

    By ensuring that fuel prices reflect realistic import costs and sustainable margins, the NPA is securing the long-term viability of the sector. The move prevented the “destructive undercutting” that threatened to turn the Ghanaian fuel market into an oligopoly.

    As the February window unfolds, the NPA’s proactive stance stands as a testament to its commitment to a balanced economy—one where businesses can thrive, and consumers are protected from the long-term price hikes that always follow a market collapse.

     

     

     

     

     

  • OSP Seizes Fuel Stations, Luxury Apartments, and Millions in GH¢291m NPA Extortion Case

    OSP Seizes Fuel Stations, Luxury Apartments, and Millions in GH¢291m NPA Extortion Case

    The Office of the Special Prosecutor (OSP) has taken control of a massive portfolio of high-value assets, including fuel stations, luxury apartments, and nearly GH¢1 million in cash, linked to the prosecution of former National Petroleum Authority (NPA) Chief Executive Officer, Dr. Mustapha Abdul-Hamid, and nine others.

     

    The seizures were detailed in the OSP’s 2025 Half-Yearly Report, signed by Special Prosecutor Kissi Agyebeng. The assets are currently being managed by the Office as exhibits in the high-profile case The Republic v. Mustapha Abdul-Hamid & Nine Others (CR/0603/2025), pending before the Criminal High Court in Accra.

     

    Fuel Stations and Prime Real Estate

     

    The OSP’s asset-tracing operation has resulted in the seizure of four operational fuel stations located in strategic areas of the capital:

     

    ● Opeikuma

     

    ● Dansoman

     

    ● Abeka Lapaz

     

    ● Millennium City

     

    Beyond the petroleum infrastructure, the Office has frozen several parcels of land and luxury residential properties. These include a GH¢12.7 million two-storey building in East Legon, a GH¢10 million residential block in Agbogba, and high-end apartments in some of Accra’s most expensive developments, such as The Signature, The Lennox, and The Address.

     

    Land seizures also span the country, including a GH¢9.93 million plot in Tamale and a GH¢4.76 million property in Danyame, Kumasi.

     

    Luxury Fleet Seized in Separate MIIF Probe

     

    In a separate but equally significant disclosure, the OSP revealed it is managing a fleet of luxury vehicles valued at GH¢18.6 million in relation to an investigation into the Minerals Income Investment Fund (MIIF).

     

    The confiscated fleet includes:

     

    ● Rolls-Royce Mansory Phantom

     

    ● Mercedes-Benz Maybach S680

     

    ● Mercedes-Benz Brabus 800

     

    ● Toyota Land Cruiser LC300 & Lexus LX600

     

    ● Two Fiat bullion vans

     

    The Allegations: A GH¢291m Extortion Scheme

     

    The criminal charges against Dr. Abdul-Hamid and his co-accused involve a staggering alleged conspiracy to extort over GH¢291 million and US$332,407 from bulk oil transporters and oil marketing companies.

     

    According to the prosecution, the group operated an illegal scheme between December 2022 and December 2024, using their official positions at the NPA to demand unauthorized payments. The OSP alleges these funds were then laundered through private companies Propnest Limited, KEL Logistics Limited, and Kings Energy Limited to acquire the very assets now under state management.

     

    Accused Persons at a Glance

     

    Dr. Mustapha Abdul-Hamid – Former CEO, National Petroleum Authority (NPA)

     

    Jacob Kwamina Amuah –  Former Coordinator, UPPF

     

    Wendy Newman – NPA Audit Staff

     

    Albert Ankrah – Private Sector / Director

     

    Bright Bediako-Mensah – CEO, Kel Logistics

     

    While Dr. Abdul-Hamid has previously dismissed the case as “useless” and politically motivated, the OSP maintains that the seizures are backed by “robust documentary, banking, and transaction evidence.”

     

    The High Court recently adjusted the bail reporting conditions for the accused from weekly to once monthly, effective March 2026, though the trial is set to intensify with multiple hearing dates scheduled throughout February.