Confirmed reports available to InsiderGH.com indicates that former Minister for Inner-City and Zongo Development, Hon. Dr. Mustapha Abdul-Hamid has been appointed by President Nana Addo Dankwa Akufo-Addo as the next Chief Executive Officer of National Petroleum Authority.
He will succeed Hassan Tampuli, the immediate past NPA chief executive, who was elected as the MP for Gushegu on the ticket of the New Patriotic Party in December 2020, and has since been nominated to serve as a deputy minister of transport.
Months ago, rumors were all over the internet, linking Dr. Mustapha Hamid as the next CEO of NPA, one of the most sought-after positions in government.
The NPA controls all operations in the multibillion-dollar downstream petroleum sector of Ghana.
The appointment of Hon. Mustapha Abdul-Hamid as CEO of NPA takes effect from 1 July 2021. The news was communicated in a letter dated 17 June.
Dr Hamid will champion the mission of the NPA, which is to regulate, oversee and monitor the downstream petroleum industry in Ghana “for efficiency, growth and stakeholder satisfaction” and to ensure that its vision, which is to be a “catalyst for economic transformation and growth in Ghana”, is achieved.
The NPA currently boasts over 5,000 service providers and, according to 2020 estimates, an annual sales value of between GHC24 billion and GHC28 billion (US$4-US$5 billion), which is roughly 7% of Ghana’s GDP. The industry works closely with international suppliers such as BP, Glencore, Vitol and Trafigura to supply approximately 80% of the petroleum products currently consumed in the country.
Mustapha Abdul-Hamid has worked in various capacities as a Strategy Planning Manager and Client Service Manager with various Advertising and Marketing Companies such as the Media Majique and Research Systems and Ghana Advertising and Marketing Company.
He also worked with and edited newspapers such as the defunct High Street Journal and the Daily Statesman. He was also the News Editor at Choice FM, a radio station based in Accra whose frequency was eventually sold to the Dr. Kwabena Duffuor media group and has now become Kasapa FM.
Hamid is a former minister for information. Before his appointment as minister for information in March 2017, he was a Lecturer at the Department of Religion and Human Values of the University of Cape Coast.