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
-
Ponlok Group opens landmark complex in Tema, deepens West Africa footprint
3 minutes -
Coalition of unpaid teachers in Tamale issues 14-day ultimatum to gov’t
10 minutes -
Super Morning Show leads nationwide ‘Wellness Revolution’ throughout January
14 minutes -
Women’s FA Cup: Hasaacas, Ampem Darkoa and Jonina Ladies reach quarterfinals
16 minutes -
Edward Effah marks another year, celebrated as quiet force behind Ghana’s banking revolution
35 minutes -
NPP selects Baba Ali as candidate for Ayawaso East by-election
44 minutes -
Ghanaians have ‘spoilt politicians’ through sycophancy – Kwabena Agyepong
45 minutes -
Advocacy group backs UTAG-UG, demands GTEC boss’s removal over alleged cover-ups
1 hour -
Penalty fine for overloaded trucks to increase to GH¢50,000 from GH¢5,000 – Roads Minister
1 hour -
Majority blames NPP for economic distress, defends Mahama government’s recovery efforts
1 hour -
Abu Jinapor urges peaceful conduct ahead of NPP presidential primary
1 hour -
Today’s Front pages: Tuesday, January 27, 2026
1 hour -
Ghana highlights investment opportunities at US Business Forum
1 hour -
Kennedy Agyapong has urgency and courage to lead Ghana – Kwaku Kwarteng
1 hour -
Kwaku Kwarteng backs Kennedy Agyapong as best candidate to tackle unemployment
2 hours
