The resumption of full operations at the Tema Oil Refinery (TOR) could significantly improve fuel supply stability in Ghana and help moderate rising pump prices, according to the refinery’s Technical Advisor, Nana Amoasi VII.
His remarks come amid renewed volatility in global oil markets triggered by escalating tensions linked to the Israel–Hamas war in the Middle East. The developments have already begun influencing domestic fuel prices in Ghana, raising concerns about supply security and affordability.
Speaking in an interview, Nana Amoasi VII explained that the refinery’s return to full capacity would strengthen the country’s domestic fuel supply by injecting refined petroleum products directly into the market.
“In a market where demand exceeds supply, prices tend to rise. “When TOR begins full operations, it will improve supply security and stability because the refinery will be adding about 45,000 barrels per stream day into the market.” - Nana Amoasi VII
Impact expected within days
According to the technical advisor, the refinery’s contribution to the local market could become visible shortly after the delivery of crude oil for processing.
“Once TOR receives its first batch of crude, refined products can reach the market within days. “Within about a week, we could begin to see the refinery’s contribution reflected in the Ghanaian fuel market.” - Nana Amoasi VII
Industry analysts say the development could provide a timely boost to Ghana’s energy sector, particularly at a time when global supply disruptions are pushing oil prices higher.
Reducing dependence on imports
Observers also believe the refinery’s restart could help reduce Ghana’s reliance on imported refined petroleum products while improving supply reliability.
Increased local refining capacity is expected to strengthen the country’s energy resilience and cushion consumers from some of the shocks associated with fluctuating global crude oil prices.
If sustained, the improved domestic output from TOR could play an important role in stabilizing Ghana’s fuel market and supporting longer-term energy security.
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