Group hints of possible fuel shortage in the coming months
The National Chairperson of the General Transport Petroleum and Chemical Workers Union, Bernard Owusu, has disclosed that the country may face a possible fuel shortage in the coming months.
He noted that the said shortage in the commodity is due to the fact that the current fuel buffer in the country can only last up to six weeks.
According to him, given the impending situation, government will have to mobilise more revenue to address the challenge.
“As we speak now, if we don’t take time, we might be experiencing petroleum shortage in the country because of this war that is coming from Ukraine and Russia.
“Because most of our products are from these countries, so it’s a very difficult situation for the country and at the same time for Ghanaians as well”, he revealed.
Touching on what his outfit is doing locally to avert the looming danger, he stated that the country’s buffer is ready to be used in case of a shortage.
He however stated that, the reserves can only last for six weeks, and therefore the need for government to mobilise more money, and support the BDC and fuel traders.
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“There was this discussion that government will like to bring in products through the international traders. Which if that comes through, then it’s going to help us”, he added.
He further disclosed that, countries like Senegal and Kenya do not have such buffer systems, and therefore, they are more likely to feel the brunt of the global fuel shortages.
He further noted that, even though Ghana has a buffer which can last up to six weeks, there is the need for the country to prepare to compete for the commodity, which has now become a heavily sought after commodity on the global market.
Meanwhile, President Akufo-Addo has revealed that government is rehabilitating the Tema Oil Refinery.
According to him, this is part of efforts to stabilise petroleum prices in the country.
The President made this revelation, while addressing workers on the occasion of this year’s Labour Day celebration.
“Intense efforts are being made to rehabilitate the Tema Oil Refinery, to enable it contribute to stabilizing petroleum prices, which should see the light of day very soon,” he said.
President Akufo-Addo also stressed the need for private companies to venture into the arena and assist with the establishment of refineries across the country.
