0
0 The Chief Executive of the National Petroleum Authority (NPA), Edudzi Tamakloe, has assured Ghanaians that the country has enough fuel reserves to last more than two months, despite concerns over potential global supply disruptions triggered by the ongoing conflict between Israel and Iran.
Speaking in an interview with JoyNews, Mr. Tamakloe disclosed that Ghana currently holds over 200 million litres of petrol and more than 150 million litres of diesel, quantities he described as sufficient to stabilize the market in the medium term.
“I can assure the good people of Ghana that currently, as we speak, we have enough stock or reserve to last us beyond two months,” he said.
“With all efforts, we are confident that we wouldn’t have any problem with supply disruptions at all.”
His comments come as geopolitical tensions in the Middle East raise fears of shipping disruptions along the Strait of Hormuz, a vital maritime route for global oil shipments.
On the suspension of the implementation of the Energy Sector Levy (Amendment) Act, which imposes a GHS1 per litre levy on petrol and diesel, Mr. Tamakloe stated that government is monitoring global developments and will decide on the rollout date in consultation with stakeholders.
“The government is always monitoring global events and will respond in the next foreseeable days. It doesn’t look like there has been any serious disruption… but there will be enough consultation with the Chamber of Oil Marketing Companies, among others, before the rollout will come,” he explained.
The new levy, originally scheduled to take effect on June 16, was suspended earlier this week pending further review, as announced by the Ghana Revenue Authority (GRA).
