{"id":1013864,"date":"2022-03-07T23:04:31","date_gmt":"2022-03-07T23:04:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/03\/07\/npa-boss-courts-dubai-investors\/"},"modified":"2022-03-07T23:04:31","modified_gmt":"2022-03-07T23:04:31","slug":"npa-boss-courts-dubai-investors","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/03\/07\/npa-boss-courts-dubai-investors\/","title":{"rendered":"NPA Boss Courts Dubai Investors"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has invited oil investors in the United Arab Emirates (UAE) to take advantage of Ghana\u2019s favorable petroleum market environment and invest in infrastructure in the country.<\/p>\n<p>At an engagement with the Dubai investors, he mentioned oil jetties, pipeline and distribution infrastructure, refineries and gas processing plants, storage and loading gantries as areas for grab by investors.<\/p>\n<p>Dr. Abdul-Hamid who was speaking at an Energy Investment Forum organized by the Ministry of Energy on the sidelines of EXPO 2020 in Dubai, UAE, said the establishment of NPA removed restrictions on the establishment and operations of facilities, and importation of crude oil and petroleum products.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-357347\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/03\/IMG-20220307-WA0045-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\"  \/><\/p>\n<p>He mentioned that it has also created a reliable legislative and regulatory regime that has delivered for the country a downstream industry, whose contribution to the economy has grown more than four-fold, with private players \u2013 both local and international \u2013 forming a major part of the industry.<\/p>\n<p>Touching on why the need to invest in Ghana\u2019s petroleum downstream industry, the NPA boss said \u201cour unique geographical position along the coast of West Africa, democratic stability and security require that we provide leadership in building an integrated infrastructure to serve the sub-regional petroleum industry.\u201d<br \/>Charles Owusu, Chief Executive of Petroleum Hub Development Corporation, on his part said the government would provide both economic and regulatory incentives to investors such as corporate tax exemptions and waivers.<\/p>\n<p>\u201cThese waivers will cover import duties and taxes and levies on machinery and equipment\u201d he added.<\/p>\n<p>He also stated Ghana was ready to reduce the corporate tax rate from 35% to 15% after a 10-year tax holiday for petroleum sector investors.<\/p>\n<p><strong>\u2013 BY Daniel Bampoe<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has invited oil investors in the United Arab Emirates (UAE) to take advantage of Ghana\u2019s favorable petroleum market environment and invest in infrastructure in the country. At an engagement with the Dubai investors, he mentioned oil jetties, pipeline and distribution infrastructure, refineries and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1013865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[566,5756,5445,664,1146],"class_list":["post-1013864","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-boss","tag-courts","tag-dubai","tag-investors","tag-npa"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1013864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1013864"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1013864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1013864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1013864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1013864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}