We are largely import-dependent – NPA boss on Ghana’s fuel vulnerability
The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, says Ghana’s dependence on imported refined petroleum products leaves the country exposed to turbulence whenever external market conditions change.
National Petroleum Authority (NPA) CEO Godwin Edudzi Tamakloe has warned that Ghana's heavy reliance on imported refined petroleum products leaves the country vulnerable to market fluctuations. This vulnerability is on display now as international oil and refined-product prices remain high. In response, the NPA has raised the price floor for petrol and diesel in the second September pricing window.
BOST, Ghana's state-owned fuel distributor, has also cut exports to neighboring countries to ensure domestic supply. Tamakloe acknowledged the NPA's role in managing these external shocks, having been aware of the country's import dependence from the outset. He emphasized the need for preparedness to handle potential turbulence in the downstream petroleum sector.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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