Ghana has enough fuel reserves to last beyond two months -  NPA acting CEO

The acting Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has said Ghana has sufficient fuel reserves to last beyond two months.

He said currently there was over 200 million litres of petrol and 150 million litres of diesel available. 

“I can assure the good people of Ghana that we have enough stock to last us beyond two months and with all efforts we are confident that we will not have any problem with supply disruption at all,” he said.

No supply disruption 

He was briefing the members of the Parliamentary Select Committee on Energy at Senchi  on Saturday on the operations of the NPA.

“The excess fuel we have can last the country for a long time and the government is confident in preventing supply disruption.

“We have already vessel in our waters and Dangote in Nigeria is producing so much petrol and diesel and we can manage it,” he said.  

The 17-member committee, chaired by Emmanuel Kwasi Bedzrah, was meeting all bodies operating in the energy sector to investigate and enquire into their activities

It allowed the institutions to explain their objectives, workplan, financials and challenges facing their operations.

Suspension of fuel levy

Addressing the question on suspension of the GH₵1 fuel levy, Mr Tameklo cited the Ministry of Finance and the Ghana Revenue Authority which had claimed that the government was monitoring global events and would respond in the next foreseeable day.

He said the NPA would want to study the level of disruption of the Israel-Iran war and its impact on the Strait of Hormuz, where most shipping vessels passed and freight costs. 

“It does not look like there had been any serious disruption within that sphere and so we are very confident that when all things are being equal the government would announce to good people of Ghana when the implementation will start.

Prior to such announcement, Mr Tameklo said the government would undertake adequate consultation with the Chamber of Oil Marketing Companies before the role out.

“The people who raised concern was Chamber of Bulk Oil Distributors and the generous intervention from the Finance Minister which delayed the policy which we should have started on June 16, 2025.

“And now that we are monitoring event and hopeful that the situation will stabilise in the coming few days or months, we confident that we will get the policy rolled out soon,” he said.

On the call by the Minority for the government to repeal the ESLA levy, the CEO disagreement.

He considered that the Minority had not yet provided any alternative solution for raising necessary f und for liquid fuel to curb any possible fuel shortage to keep the lights on.

“We still need liquid fuel for the purposes of getting our lights on but if an alternative is provided by the Minority, I know President John Dramani Mahama is a listening president consider any doable alternative.

“President Mahama has the mandate of the people to find solution to their problem and he is looking within to ensure that we keep the lights on for industries, households and many others,” he said.

He indicated how the President had instructed the Ministry of Finance to first work on the exchange rate right, which today had resulted in almost GH₵4 reduction in petroleum prices. 

“And so the conversation is that with that GH₵4 is a saving to the consumer,” he said.

On the impact of the Israeli-Iran conflict, the CEO said it was too early days to be worried.

He, however, said in terms of the intensity of the war, he said the intensity was felt in the first few days.

“It does appear that the people who decide global affairs are all involved in conversation in getting the key actors for possible negotiation, among others, “ he said.