The Petroleum Commission on Friday hosted a delegation from the Bank of Tanzania on a study visit aimed at deepening understanding of Ghana’s upstream petroleum governance framework and operational systems.
The visit provided an opportunity for the Tanzanian team to examine Ghana’s regulatory architecture, fiscal regime and institutional coordination model within the upstream petroleum industry.
Officials of the Commission delivered comprehensive presentations on ongoing petroleum projects, production performance and future development plans across the country’s oil fields.
Discussions centred on Ghana’s legal and regulatory framework, including the statutory mandates that guide exploration and production activities. The delegation also engaged technical staff on how compliance is monitored and enforced to ensure that operators adhere to national standards and contractual obligations.
Particular attention was given to Ghana’s fiscal regime and revenue management systems. The visiting team explored how petroleum revenues are assessed and accounted for, and how collaboration among state institutions supports transparency and prudent resource governance.
Welcoming the delegation, Ag. Chief Executive Officer, Ms. Emeafa Hardcastle described the engagement as a reflection of growing cooperation among African institutions.
“We are delighted to receive our colleagues from the Bank of Tanzania. Ghana’s upstream sector has evolved through deliberate policy choices and strong institutional development. Sharing our journey is part of our commitment to promoting sound resource governance across the continent,” she said.
She added that sustained dialogue between regulators and financial institutions strengthens public confidence and enhances the effective management of petroleum revenues.
In his closing remarks, the Ag. Deputy Chief Executive Officer, Nasir Alfa Mohammed Esq., highlighted the importance of peer learning in building resilient extractive industries.
“Exchanges like this reinforce the value of collaboration. When institutions share practical experiences on regulation, fiscal design and project oversight, we collectively raise standards. We remain open to continued partnership with the Bank of Tanzania,” he said.
The visit concluded with interactive sessions and a mutual commitment to deepen technical cooperation in areas of shared interest.