The Chief Executive Officer of the National Petroleum Authority (NPA), Lawyer Godwin Edudzi Tamakloe, calmed public anxiety over fuel availability in the wake of rising tensions in the Middle East, declaring that Ghana has enough reserves to avert any potential supply crisis.
Speaking at a parliamentary retreat hosted by the Energy Committee at the Royal Senchi Hotel in the Eastern Region, Lawyer Tamakloe assured Ghanaians and revealed that the country currently holds more than 200 million litres of petrol and over 150 million litres of diesel – quantities he said are adequate to support national demand for over two months.
“I can assure the good people of Ghana that, as we speak, we have enough stock or reserves to last us beyond two months. With ongoing efforts and sustained monitoring, we are confident we won’t face any supply disruptions,” he stated.
The NPA boss’s remarks come against the backdrop of growing geopolitical instability in the Middle East, particularly the escalating conflict between Iran and Israel. The region’s volatility has triggered global concerns, particularly over potential disruptions to crude oil shipments through the Strait of Hormuz, one of the most strategic and heavily trafficked maritime oil corridors in the world.
Lawyer Tamakloe emphasised that the NPA is working proactively with relevant partners and institutions to cushion Ghana’s petroleum sector against any external shocks.
“The Middle East remains a fragile but influential region in global oil dynamics. Any prolonged tension could affect shipping routes and pricing. That is why we are taking no chances. Our strategic stockholding levels and timely interventions are designed to insulate the Ghanaian market,” he explained.
The assurance comes at a time when fuel security and price stability are top concerns for both businesses and consumers. Recent spikes in global crude prices, driven by fears of supply chain instability, have left many economies scrambling to shore up reserves or diversify supply sources.
But in Ghana’s case, Lawyer Tamakloe believes proactive planning and firm oversight have positioned the country to ride out any immediate threats.
He further reiterated the NPA’s commitment to transparency and timely communication in the event of any significant market developments.
“The public deserves to know where we stand, especially in uncertain times. That is why we are committed to not just regulating but also informing and protecting the national interest,” he said.
The NPA continues to engage with the Ministry of Energy, Bulk Oil Storage and Transportation Company Limited (BOST), and the Chamber of Bulk Oil Distributors to ensure supply continuity and market confidence.