Ghana regulator says fuel reserves will last six weeks — MyJoyOnline
Ghana’s National Petroleum Authority (NPA) said the country has fuel reserves sufficient for at least six weeks. The agency’s Chief Executive, Godwin Edudzi Tamakloe, said that available stocks together with cargoes on vessels at sea create a reserve for the domestic market, MyJoyOnline reports.
Reserves and cargoes at sea
Tamakloe stressed that the reserves would last “no less than six weeks.” Answering a question about whether that volume was sufficient, he also pointed to the significant number of vessels at sea carrying petroleum products.
According to the NPA head, his main concern is not the physical availability of fuel, but the possible impact of the situation on the international market on prices. Asked about potential supply problems over the next month, he answered in the negative.
Prices and exports
The statement came amid reports of restrictions on global oil supplies and reduced fuel exports to certain countries in the subregion. The International Energy Agency had warned of a significant decline in global oil supplies in 2026, while petroleum product stocks had also come under pressure.
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Tamakloe said that exporting countries are adjusting their strategies due to changes on the international market. He also mentioned Nigeria’s Dangote refinery as a factor that should ease supply concerns.
From September 16, the NPA’s minimum price floor is 16 Ghanaian cedis per litre of petrol and 16.77 cedis per litre of diesel fuel. For liquefied gas, the figure was set at 10.97 cedis per kilogram.
BOSTenergies said that the reduction in fuel exports to Burkina Faso and Mali does not indicate an imminent shortage in Ghana. According to the company, this is mainly linked to repair work at the Bolgatanga depot.
The NPA head also defended the petroleum products market model focused on private-sector participation. He acknowledged the risk of private operators putting pressure on the government, but said safeguards were in place to prevent a repeat of the events of 2014–2015.
