The Chief Executive Officer of the National Petroleum Authority (NPA), Edudzi Tameklo, has described Ghana’s downstream petroleum sector as the “central nervous system” of the national economy, warning that even the slightest change in fuel prices can have immediate ripple effects across all sectors.
Speaking on Upside Down on Channel One TV on Sunday, April 26, Mr Tameklo stressed that the petroleum sector plays a critical role in shaping economic stability, particularly because fuel price movements directly influence the cost of living and doing business in the country.
He explained that the sensitivity of the sector demands a high level of caution and responsibility in regulatory decision-making, given its far-reaching impact on households, transport operators, and industries.
“The downstream petroleum, I call it the central nervous system of the entire economy. Because if you put one cedi or even one pesewa on a litre of petroleum product, the entire country feels it immediately.
“Having to handle an organisation that, for all intents and purposes, is the central nervous system of the entire economy requires that you approach your work with a lot of sensitivity,” he said.
