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Ghana Wants to Import Barrels of Petroleum Products From Dangote

Nigeria will always have an ally in Ghana.
Credit: Atabas

Ghana promises to source refined petroleum products from the 650,000-barrel-per-day Dangote Refinery in Lagos, citing growing petrol demand and limited local refining capacity. 

According to Dangote, the plant can serve all of Nigeria’s demands as well as those of other African nations, bolstering Nigeria’s expanding position as the energy centre of the continent.

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Ghana’s National Petroleum Authority (NPA) CEO, Godwin Tameklo, spoke about the important role Nigeria plays as a regional energy hub at the Nigerian International Energy Summit (NIES) in Abuja. 

Ghana’s National Petroleum Authority (NPA) CEO, Godwin Tameklo. Credit: NewsGhana

He said that leveraging Nigeria’s refined petroleum, especially from the Dangote Refinery, could significantly lower fuel costs in Ghana, where the domestic refining capacity is inadequate, with only minimal production from two small refineries, estimated at 5,000 to 6,000 barrels per day. 

To Tameklo, it is important to create a unified regulatory framework between Nigeria and Ghana, stating that such alignment would enhance the sub-regional energy market and promote deeper economic cooperation. 

He sang praises for Dangote, speaking on the value of partnerships with the refinery which guarantee quality products while assuring that Ghana remains a reliable market for Nigerian refined goods.

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Tameklo also cautioned against regulatory pricing in the oil marketing sector, warning it could undermine market players. According to him, the NPA is committed to ensuring Ghanaians have access to affordable, quality petroleum products. 

Ghana is positioning itself as a significant offtake market from Nigeria, and this will certainly strengthen business relations between the two countries. 

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