The National Petroleum Authority (NPA) has taken measures to ensure uninterrupted importation and supply of petroleum products in Ghana.
The measures put in place by the NPA had saved the country from experiencing fuel shortages as experienced in other countries, including Nigeria, Kenya, and Zambia.
Speaking at a media engagement in Cape Coast on Wednesday, the head of planning at NPA, Dominic Aboagye, said the interventions include management of storage depots, the laycan allocation programme and stock monitoring and reporting.
Besides, he said, the Gold for Oil policy, the Bank of Ghana forex support to Bulk Oil Distribution Companies and the granting of a Special International Oil Trading License were key to preventing any risk of fuel supply disruption.
Aboagye noted that the Russia-Ukraine war caused disruption to the fuel supply in the world adding that 80 percent of the country’s fuel consumption was dependent on imports.
He said local production of fuel by Akwaaba Oil Refinery and the Platon Gas Oil Refinery was supporting the sector.
The head of planning at NPA said the local fuel refinery would be ramped up with the expected start of operation by the Tema Oil Refinery (TOR) and the completion of the Sentuo refinery.
The first phase of the Sentuo refinery would produce 40,000 barrels per day, which would be increased to 100,000 barrels per day.
Aboagye noted that the country’s daily fuel demand was about 110,000 metric tonnes of fuel per day.
Therefore, he said that the completion of the Sentuo refinery would ensure local fuel sufficiency.
