Global oil shock tests Ghana’s shift towards domestic fuel production
Ghana increased domestic petroleum-product production and reduced imports in the first half of 2026, even as a global oil shock drove up fuel prices and national consumption continued to rise, according to a report by the Chamber of Oil Marketing Companies (COMAC).
Ghana's shift towards domestic fuel production has been tested by a global oil shock in the first half of 2026. According to a report by the Chamber of Oil Marketing Companies (COMAC), domestic production surged by 350.7% to 878.33 million litres, while imports fell by 12.67% to 3.43 billion litres. National consumption, however, continued to rise by 12.24% to 4.06 billion litres.
The report, titled "Analysis of Petroleum Product Volumes, H1 2026," highlights that Sentuo Oil Refinery was the driving force behind the surge in domestic production, while imports remained the main supply source for Ghana, leaving it vulnerable to global supply disruptions. The report also warns that refined-product imports remain the country's primary supply source, exposing it to potential supply chain disruptions.
Despite the progress made in domestic production and fuel reserves, Ghana's dependence on imports and reliance on a single refinery for local output remains a significant concern. As the report points out, sustaining this growth will require industry players and policymakers to build a resilient industry.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
