Ghana’s fuel market is built for turbulence – NPA’s Edudzi Tamakloe explains why
The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, says Ghana’s dependence on imported refined petroleum products makes turbulence in the fuel market inevitable.
Godwin Edudzi Tamakloe, CEO of Ghana's National Petroleum Authority (NPA), discusses the inherent turbulence in the country's fuel market. He attributes this instability to Ghana's heavy reliance on imported refined petroleum products. In an interview with Joy News' PM Express Business Edition, Mr. Tamakloe explained that as the Chief Executive Officer of the downstream petroleum sector, he is acutely aware of the impact external developments can have on the industry.
He stated, "As it were, I've always been ready for the potential for turbulence." The Ghanaian petroleum industry's vulnerability to external factors becomes evident in how changes in global prices are directly reflected in pump prices. Mr. Tamakloe emphasized that leadership must respond to both positive and adverse periods, as the NPA has been doing since February.
He expressed satisfaction with the NPA's management of the sector so far, noting that they have been effectively managing the turbulence.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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