The Minister for Energy, John Jinapor, has warned that the energy sector is "bleeding" and urgent action must be taken to resolve the ongoing crisis.

He stressed that immediate and decisive measures are crucial to prevent further deterioration and restore stability to the sector.

Speaking to the Presidential Press Corps on Friday, 7th March, at Jubilee House following President John Mahama’s second cabinet meeting, Mr. Jinapor detailed the pressing issues affecting the sector and the government's commitment to tackling them head-on.

He explained that the country’s energy infrastructure is under immense pressure, and the situation is unsustainable if left unaddressed.

"The energy sector is bleeding, and something needs to be done to curtail this bleeding," he said, stressing that tough but necessary decisions must be made.

One of the key measures the government is implementing is the construction of a second mooring system in Tema, known as the CBM (Cargo Berthing Mooring), he said.

At present, Ghana relies on just one mooring system to discharge both petrol and diesel, which has become inadequate due to a significant increase in demand.

Since 2006, demand for petroleum products has risen by 186%, placing an overwhelming strain on the existing infrastructure.

"Currently, we only have one CBM, and this has led to major operational inefficiencies, including significant demurrage costs and unreliable fuel supply," said Mr. Jinapor.

Recognising the urgency of the situation, Mr. Jinapor explained that Cabinet had approved the construction of the second CBM to help alleviate the pressure.

"This decision is crucial to ensuring that Ghana’s energy supply remains reliable and efficient. Any legal or financial challenges that arise will be addressed through discussions with all relevant parties," he assured.

In addition to the new mooring system, Mr. Jinapor also revealed plans to expand tank storage in the western region, particularly around Takoradi.

This expansion will provide much-needed flexibility, ensuring a more reliable fuel supply and better serving the growing demand for energy across the country.

"The expansion of tank storage in Takoradi will enhance our ability to meet the needs of the people of Ghana," he added.

These measures are part of a broader strategy by the government to strengthen the energy sector, improve supply security, and meet the increasing demand for energy as the country continues to grow.

"Cabinet is also committed to ensuring that we involve private sector participation, at the downstream distribution, sector" he concluded.