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
-
The Chief Justice is not a Touring Minister: Baffoe-Bonnie’s SOE visits are unconstitutional officiousness
10 minutes -
Enforcing environmental laws carries political cost, while offenders go unpunished – Frimpong-Boateng
17 minutes -
Galamsey fight collapsed after safeguards introduced in 2018 were abandoned – Prof Frimpong-Boateng
22 minutes -
Jail officials who approve projects in wetlands and forest reserves – Prof Frimpong-Boateng
33 minutes -
Ghana needs $21bn to restore lands damaged by illegal mining – Frimpong-Boateng
40 minutes -
Law student killed in hit-and-run on Tema Motorway; family offers GH¢50,000 bounty
48 minutes -
Gas explosion near Larteh school contained after fire outbreak
51 minutes -
Nigerian-British businessman dies after penis enlargement procedure in Thailand
1 hour -
CHEAP JUSTICE? – Occasional Kwatriot Kwesi Yankah writes
1 hour -
WASSCE 2026: English performance decline requires urgent action – EduWatch
2 hours -
Old Tafo MCE pledges action as residents raise alarm over faulty drainage systems
2 hours -
Abossey Okai dealers reject spare parts cost as justification for 30% transport fare hike
3 hours -
NPP to hold balloting for national elections on September 9
3 hours -
DirectAid concludes flood relief distribution across Greater Accra, Kasoa
4 hours -
Volcano eruption leaves 150,000 passengers stranded in Indonesia
4 hours