The energy sector of the national economy has the Ministry of Energy as the governing body responsible for the formulation and implementation of policy, regulatory issues, and administration as well as coordination of all organizations necessary to achieve the government’s energy objectives.

The Energy Commission and Energy Foundation have been constituted to assist the Ministry of Energy. The various organisations in the petroleum sub-sector of the economy include Ghana National Petroleum Corporation (GNPC) for upstream activities.

The Tema Oil Refinery (TOR), Bulk Oil Storage and Transportation Company (BOST), the Ghana Oil Company (GOIL) and other private oil marketing companies are responsible for downstream activities of refining, marketing and distribution respectively.