The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor (MP), has convened a high-level meeting with key stakeholders across Ghana’s petroleum upstream and downstream sectors.
This was to assess the potential impact of the ongoing crisis in the Middle East on the country’s fuel security.
The engagement brought together representatives from the National Petroleum Authority (NPA), BOSTenergies, Ghana National Petroleum Corporation (GNPC), Oil Marketing Companies (OMCs), Bulk Import, Distribution and Export Companies (BIDECs) and other industry players.
In a statement, the ministry said, discussions focused on heightened global oil market volatility, potential supply chain disruptions, freight cost fluctuations, and the possible implications for domestic pricing and consumer welfare.
The sector minister, Dr. Jinapor underscored the need to be proactive to safeguarding Ghana’s energy supply reliability.
He emphasized that contingency measures are being reviewed and strengthened to minimise any potential adverse effects on the country arising from the current geopolitical tensions.
He directed the National Petroleum Authority, as the downstream sector regulator, to intensify its market surveillance and continue close coordination with industry stakeholders to ensure that anticipated supply disruptions are mitigated swiftly and effectively.
He further charged all sector agencies to maintain adequate strategic fuel stocks, enhance monitoring of international developments, and ensure stable nationwide distribution.
“Government assures the public that it remains fully committed to protecting Ghana’s energy supply security. All necessary measures are been explored to ensure sustained fuel availability and to mitigate undue hardship on consumers.”
The Ministry noted that it will continue to monitor developments closely and provide timely updates as the situation evolves.
