According to Godwin Edudzi Tameklo, the National Petroleum Authority’s (NPA) acting CEO, Ghana has enough gasoline reserves to last more than two months.
He stated that there were 150 million liters of diesel and more than 200 million liters of gasoline available at the moment.
“I can assure the good people of Ghana that we have enough stock to last us beyond two months and with all efforts we are confident that we will not have any problem with supply disruption at all,” he stated.
He was giving a briefing on the NPA’s operations to the Parliamentary Select Committee on Energy members in Senchi on Saturday.
“The excess fuel we have can last the country for a long time and the government is confident in preventing supply disruption.”
“We have already vessel in our waters and Dangote in Nigeria is producing so much petrol and diesel and we can manage it,” he said.
Under the direction of Emmanuel Kwasi Bedzrah, the 17-member committee was meeting with all organizations involved in the energy sector to look into and ask questions about their operations.
It gave the organizations the opportunity to describe their goals, strategy, finances, and operational difficulties.
In response to the inquiry regarding the suspension of the GH₵1 fuel fee, Mr. Tameklo referenced the Ghana Revenue Authority and the Ministry of Finance, which stated that the government was keeping an eye on world developments and would provide an answer within the following day.
According to him, the NPA would like to investigate the extent of the Israel-Iran conflict’s interruption and its effects on freight costs and the Strait of Hormuz, which is traversed by the majority of commercial boats.
“It does not look like there had been any serious disruption within that sphere and so we are very confident that when all things are being equal the government would announce to good people of Ghana when the implementation will start.”
Mr. Tameklo stated that the government would engage the Chamber of Oil Marketing Companies sufficiently before making such an announcement.
“The people who raised concern was Chamber of Bulk Oil Distributors and the generous intervention from the Finance Minister which delayed the policy which we should have started on June 16, 2025.
“And now that we are monitoring event and hopeful that the situation will stabilise in the coming few days or months, we confident that we will get the policy rolled out soon,” he said.
The CEO disagreed with the minority’s demand that the government remove the ESLA fee.
He believed that the Minority had not yet offered a substitute way to generate the money required for liquid fuel in order to prevent a potential fuel shortfall that would have kept the lights on.
“We still need liquid fuel for the purposes of getting our lights on but if an alternative is provided by the Minority, I know President John Dramani Mahama is a listening president consider any doable alternative.”
“President Mahama has the mandate of the people to find solution to their problem and he is looking within to ensure that we keep the lights on for industries, households and many others,” he said.
He explained that today’s nearly GH₵4 drop in petroleum prices was the outcome of the President’s directive to the Ministry of Finance to first concentrate on the currency rate.
“And so the conversation is that with that GH₵4 is a saving to the consumer,” he said.
“It does appear that the people who decide global affairs are all involved in conversation in getting the key actors for possible negotiation, among others, “ he said.
The CEO stated that there is no reason to be concerned about the effects of the Israeli-Iranian war just now.
That being said, he stated that the severity of the battle was felt during the initial days.
Source: newsthemegh.com