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Stakeholders seek options for maximising AfCFTA
With a growing population, huge energy demand and projected industrial and agricultural boom, cross-border infrastructural deficits, funding gaps, smuggling, and lack of harmonized taxes are critical bottlenecks limiting the growth of Africa’s downstream petroleum, stakeholders have said. x
Except the price differential challenge is addressed, energy experts have insisted that the gains of the African Continental Free Trade Area (AfCFTA) in the downstream sector of the continent’s petroleum industry may remain a mirage.
The experts, who gathered at the Ghana International Petroleum Conference stressed that challenges bedeviling local capacity and distribution of petroleum products across the continent may mar the gains of AfCFTA.
Graphic Online
BY: graphic.com.gh
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The fourth Ghana International Petroleum Conference (GhIPCON) will be held in Accra on March 10 and 11, 2021.
GhIPCON is Ghana’s foremost Petroleum Downstream Conference organised by the Chamber of Bulk Oil Distributors (CBOD) under the auspices of the Ministry of Energy and in partnership with the National Petroleum Authority (NPA) and the Association of Oil Marketing Companies (AOMCs).
The annual conference is designed to actively bring to the fore the petroleum industry’s perspective and guidance on issues of governmental and regulatory policy as well as best practices for the advancement of the industry not only in Ghana, but across the West African sub-region and beyond.