We are ready for the turbulence – NPA boss on Ghana’s fuel crisis
The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, says the Authority is prepared to address turbulence in Ghana’s downstream petroleum sector as international market pressures continue to drive up fuel prices.
Mr. Godwin Edudzi Tamakloe, CEO of the National Petroleum Authority (NPA) in Ghana, has stated that his organization is ready to tackle turbulence in the country's petroleum sector as international market forces continue to push fuel prices upward. This comes amid renewed pressure on Ghana's fuel market, driven by higher global prices for oil and refined products.
On September 16, the NPA raised the price floor for petrol to GH¢16 per litre and diesel to GH¢16.77 per litre. Some Oil Marketing Companies followed suit, with Star Oil charging GH¢16.77 and GH¢17.77 per litre for petrol and diesel respectively. Speaking on Joy News' PM Express Business Edition, Mr. Tamakloe revealed that he has been prepared for potential disruptions in the petroleum market since assuming his role.
With Ghana heavily reliant on imported refined petroleum products, the sector is particularly vulnerable to external shocks, according to the NPA boss. "I've always been, you know, let me say, ready for the potential for turbulence," Mr. Tamakloe said, emphasizing that effective leadership involves responding to both favorable and challenging circumstances.
The NPA has been addressing the current turbulence since February, and the boss acknowledged the pressure faced by the sector. However, he noted that the response to date has been positive, stating, "The management so far has not been bad at all."
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
