Ghana fuel security has come under renewed focus as the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, convened a high-level meeting with petroleum sector players to assess the potential impact of the escalating Middle East crisis.
According to a statement from the Ministry, the engagement brought together representatives from the National Petroleum Authority, BOST, Ghana National Petroleum Corporation, Oil Marketing Companies and Bulk Import, Distribution and Export Companies.
Discussions centered on heightened global oil market volatility, potential supply chain disruptions, freight cost fluctuations and the possible implications for domestic fuel pricing and consumer welfare.
Proactive Measures to Protect Supply
Dr. Jinapor stressed the importance of anticipating shocks rather than reacting to them. He underscored the need to be proactive in safeguarding the reliability of Ghana’s energy supply, noting that contingency measures are being reviewed and strengthened to minimise any adverse effects arising from the geopolitical tensions.
The Minister directed the National Petroleum Authority, as regulator of the downstream sector, to intensify market surveillance and maintain close coordination with industry players to swiftly mitigate any anticipated supply disruptions.He further instructed sector agencies to maintain adequate strategic fuel stocks, enhance monitoring of international developments and ensure stable nationwide distribution of petroleum products.
Government assured the public of its commitment to protecting Ghana’s energy supply security, stating that all necessary measures are being explored to guarantee sustained fuel availability and prevent undue hardship on consumers.
The Ministry indicated that it will continue to closely monitor developments in global oil markets and provide timely updates as the situation evolves, reinforcing efforts to shield the economy from external shocks.
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