The Deputy Minister of Energy, Dr. Mohammed Amin Adam says the changing trends in the global Petroleum sector calls for strategic partnership among industry players in the Sub-region to be able to stand in readiness to enjoy the benefits from the sector and also fight possible threats.
Addressing participants at the ongoing Ghana International Petroleum Conference in Accra, Dr. Amin Adam said Ghana is exploring the use of technology to improve activities in the industry.
He announced that the ministry is also collaborating with the various security agencies to address issues of cyber threats in the sector.
Dr. Amin Adam also outlined some other policies government has lined up to make the sector more vibrant.
In a related development, The Chief Executive Officer of the National Petroleum Authority, (NPA), Hassan Tampuli has disclosed that Ghana loses about two hundred million dollars annually in tax revenue due to nefarious activities of some industry players in the Petroleum downstream sector.
To address this, the NPA is collaborating with the Ghana Revenue Authority, the Army and other stakeholders to clamp down on those who smuggle or divert Petroleum products through unapproved routes into the country.
Hassan Tampuli made this known at the opening of the Ghana International Petroleum Conference in Accra.
He appealed to members in the Sub region region to help find solution to this problem which is common in the industry, Mr. Tampuli said government for its part will leverage on technology to block loopholes in the value chain process.