The Chief Executive Officer of the National Petroleum Authority, Godwin Edudzi Tamakloe, has assured the public that Ghana has sufficient petroleum stock despite rising crude oil prices on the international market.
According to him, the country currently has about eight weeks of import cover for diesel and 6.8 weeks for petrol adding that prior to the US–Israel–Iran tensions, a metric ton of crude oil sold for nearly $700 but has now surged to over $1,300, contributing to increased fuel prices at the pumps.
Speaking at the Chamber of Oil Marketing Companies 2026 Safety Week here in Accra, Godwin Edudzi Tamakloe dismissed reports suggesting a possible fuel shortage in the country.
“We have 8 weeks of import cover for Diesel and 6.8 weeks for Petroleum in Ghana today…,” he said.
The NPA also raised concerns over the rising number of accidents involving tanker drivers.
As part of efforts to address the situation, the Authority said it is engaging the Tanker Drivers Association and the Driver and Vehicle Licensing Authority to strictly enforce key performance indicators before license renewals.
“The NPA is worried about the increasing accident involving tanker driver…it cost over $200,000 to buy a Tanker, why put your investments in the hands of an inexperienced tanker Driver…?” he quized.
On his part, the Chief Executive Officer of COMAC, Dr. Riverson Oppong revealed that over 8.4 billion litres of petroleum products were imported into Ghana in 2025, representing a 15% increase compared to 2024.
