Audio By Carbonatix
Petroleum consumers eagerly awaiting the arrival of affordable fuel from the United Arab Emirates would have to wait a bit longer.
Despite assurances by the Deputy Energy Minister, Andrew Egyapa Mercer that the initial consignment will arrive this week, the Deputy Lands and Natural Resources Minister, Mireku Duker has pushed the arrival date a week farther.
Mr. Duker said this after a meeting with the Chamber of Mines on Tuesday at which the Gold for oil deal was discussed.
Answering a question by journalists on when the first consignment is expected to arrive in the country, he said "we are thinking of next week if I'm not exaggerating ."
The volume of the low cost fuel he noted is yet to be determined.
This cheaper fuel is under the new policy dubbed Oil for Gold which will see government acquire petroleum products using the nation’s gold as payment.
This is geared at minimising the pressure on the Ghana cedi as well as ensuring the sale of affordable fuel at the various pumps.
Deputy Energy Minister, Andrew Egyapa Mercer had earlier told JoyNews in an interview that the first consignment of the fuel could arrive "on the 10th, 11th and 12th of January."
He said the necessary agreement had already been completed for the arrival of the fuel.
Latest Stories
-
Ghana Impact Project donates $20k to restore mobility for children
17 minutes -
JoyNews’ Kwaku Asante named Best Radio and TV Journalist in Parliamentary Reporting
1 hour -
Education Ministry updates EMIS indicators to strengthen ICT integration in schools
2 hours -
Interior Ministry declares Christmas, Boxing Day and New Year’s Day public holidays
2 hours -
President Mahama directs Finance Ministry to disburse $78m for completion of Takoradi–Agona-Nkwanta road
2 hours -
Interior Minister lauds NIA staff for dedication, pledges continued government support
2 hours -
First Atlantic Bank will run a “proper and decent business” to protect shareholder value – CEO
3 hours -
First Atlantic Bank targets African expansion as IPO strengthens capital, governance
3 hours -
First Atlantic Bank CEO attributes IPO and GSE listing decision to renewed confidence in Ghana’s economy
3 hours -
GPL 2025/26: Bechem United end All Blacks 6-game unbeaten run
3 hours -
Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day
4 hours -
Bankable energy: Why Africa’s downstream sector is the next global investment frontier
4 hours -
Working Capital Management: Do’s and don’ts to consider for 2026
5 hours -
Gold Fields Ghana Foundation empowers youth through education and skills training
5 hours -
Gov’t hid study showing lithium refining can’t be done in Ghana- Bright Simons
5 hours
