Ghana petroleum supply remains relatively stable despite concerns over limited stock levels, according to the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Dr Patrick Ofori.
Speaking on the country’s fuel security outlook, Dr Ofori said Ghana is in a comparatively better position than several other African countries, even though its storage capacity remains constrained.
He pointed to countries such as Kenya and South Africa as examples of markets currently experiencing tighter petroleum supply conditions.
Storage limitations remain a key issue
Dr Ofori explained that Ghana’s challenge is not necessarily an immediate supply crisis, but rather the lack of infrastructure needed to hold significantly larger volumes of petroleum products.
“We don’t have the facilities to stock beyond about three months. Even if a large vessel is made available, we would struggle to discharge and store the products.” - Dr Patrick Ofori
According to him, Ghana’s petroleum distribution system has historically operated within similar stock levels, even during periods of international disruption such as the Russia-Ukraine war and other supply shocks.
Call for stronger long-term energy security
While acknowledging public concern over the number of weeks of fuel cover available, Dr Ofori stressed that the bigger issue is the need to strengthen the country’s petroleum infrastructure.
He said improving storage, discharge and distribution capacity would better position Ghana to withstand future supply disruptions and enhance long-term energy security.
His comments come at a time of heightened attention on global energy markets and their impact on local fuel supply and pricing.
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