Audio By Carbonatix
Deputy Energy Minister Dr Kwabena Donkor has blamed the latest fuel shortages on the late arrival in Ghana of a fuel vessel last Saturday.
The minister said the Tema Oil Refinery (TOR) expected a delivery on Thursday but this was delayed for two days, resulting in the latest shortages.
Motorists in different parts of the country have been complaining about their inability to get fuel to refill their tanks.
While promising that supplies will be normalized by the close of the day, Dr Donkor said the financial strain on TOR coupled with the unwillingness of financial institutions to provide letters of credit to guarantee the importation of crude oil has made it difficult to store oil beyond three weeks.
Dr Donkor disclosed these at a press conference in Accra on Monday.
He hinted that government has struck a deal that would ensure the country has adequate supplies.
Dr Donkor also stressed that discrepancies in documentation covering the 90-day oil guarantee struck with Nigeria earlier this year has also been resolved.
This means Ghana will receive about 60,000 barrels of crude on a ninety-day credit basis in a short while.
Following the oil crisis that dogged the country during the first quarter of the year, President Mills travelled to Nigeria to strike a deal with President Yar'Adua to supply 60,000 barrels of crude oil to Ghana, on a ninety day credit basis.
Although the deal was supposed to be implemented a few weeks after President Mills’ visit, Ghana has yet to take delivery of its first supplies from Nigeria three months on, prompting fears that the deal had hit a snag.
Story by Fiifi Koomson/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Former Accra Mayor Blankson endorses Wontumi for NPP national chairmanship
19 minutes -
Eid festivals explained on Behind The Lens with Queen Liz
27 minutes -
Meet Emelia Naa Ayeley Aryee, the Ghanaian Gender Advocate helping couples overcome infertility stigma
53 minutes -
Oil pulls back as traders look for progress on US-Iran talks
2 hours -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
2 hours -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
2 hours -
One killed and others missing after chemical explosion at US paper mill
2 hours -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
2 hours -
Deliver or be questioned – Majority Chief Whip warns OSP
2 hours -
Crime is everywhere – Dafeamekpor slams OSP’s Accra-centred operations
3 hours -
Don’t be cocooned in Accra – Dafeamekpor pushes OSP to invade districts
3 hours -
Free sanitary pads and pad bank Initiative cut teenage pregnancy in Bosomtwe – Girl Child coordinator
3 hours -
Asunafo North Municipal Assembly deploys DL-Rev Software to tackle revenue shortfall
3 hours -
General Mosquito promised to ‘annihilate’ NPP – Dafeamekpor reveals details of earlier tour
4 hours -
Asiedu Nketia has been touring since 2021, not plotting new campaign, says Dafeamekpor
4 hours