The Ghana Chamber of Bulk Oil Distributors (CBOD) has dismissed reports suggesting that the country is on the brink of a fuel shortage.

Speaking to Citi News, the Chief Executive Officer of CBOD, Dr. Patrick Ofori, assured the public that there are sufficient fuel reserves at the port, with additional supplies expected to arrive soon to prevent any disruptions.

“Currently, most of the Bulk Distribution Companies (BDCs) have products at anchorage, with vessels actively discharging petrol,” Dr. Ofori explained.

“Additionally, over the next week or two, approximately 100,000 metric tonnes of petrol are expected to arrive in the country. There is no cause for alarm, as our members are not facing any capacity or financial constraints," Citi News quoted him as saying.

Dr. Ofori highlighted that the Gold-for-Oil policy implemented by the previous administration had skewed imports to favour the Bulk Oil Storage and Transportation Company (BOST), impacting other stakeholders.

Despite this, he called on the current Akufo-Addo administration to maintain the Bank of Ghana’s foreign exchange initiative to help stabilize the currency and ensure smooth operations in the petroleum sector.

Contrary to the reassurances from CBOD, the Chamber of Oil Marketing Companies (OMCs) has raised concerns about a possible fuel shortage in the coming days.

According to the OMCs, the suspension of the Gold-for-Oil programme and the operational halt of Sentuo Oil’s refining activities have disrupted the petroleum supply chain.

AM/KA

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