The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has held a high-level meeting with key petroleum industry stakeholders to evaluate the potential impact of the escalating Middle East crisis on Ghana’s fuel security.
The emergency engagement brought together representatives from the National Petroleum Authority, BOST, Ghana National Petroleum Corporation, Oil Marketing Companies (OMCs), and Bulk Import, Distribution and Export Companies (BIDECs), among other industry players.
The discussions centred on growing volatility in global oil markets, possible supply chain disruptions, fluctuations in freight costs, and the likely implications for domestic fuel prices and consumer welfare.
Addressing participants, Dr. Jinapor stressed the importance of proactive measures to safeguard Ghana’s energy stability amid the geopolitical tensions.
He underscored “the need to be proactive to safeguarding Ghana’s energy supply reliability,” adding that contingency measures are currently being reviewed and strengthened to cushion the country against any adverse fallout from the crisis.
The Minister further directed the National Petroleum Authority, as the downstream regulator, to intensify market surveillance and maintain close coordination with industry operators to ensure any anticipated supply disruptions are addressed “swiftly and effectively.”
He also tasked sector agencies with maintaining adequate strategic fuel reserves, enhancing monitoring of international developments, and ensuring stable nationwide distribution of petroleum products.
Government, through the Ministry, assured the public of its commitment to protecting the country’s energy supply security.
“All necessary measures are being explored to ensure sustained fuel availability and to mitigate undue hardship on consumers,” the Ministry stated, adding that it will continue to monitor developments closely and provide timely updates as the situation evolves.
Source: Starrfm.com.gh
