NPA assures constant supply of LPG

The National Petroleum Authority (NPA) is assuring consumers of LPG that it has put in place measures to ensure constant supply of the product.

This follows report of a looming shortage come next week. Industry players reportedly said unless government releases monies owed bulk distributors of the product to aid importation, things will go bad.

Joy Business gathered that government owes the distributors about 500 million Ghana cedis.

This, according to sources, is making it difficult for the distributors to secure credits from the commercial banks to import gas.

The country over the past years has had challenges with the storage of LPG, because of limited depots for the product. Ghana can currently store about 5,000 metric tonnes of Liquefied Petroleum Gas, which should last for one week.

Meanwhile, Chief Executive of the NPA, Alex Mould, admitted to Joy Business the government owes the distributors, but had financial arrangement to pay, “and this has been done quite periodically to them”.

He, therefore, ruled out any issue of LPG shortage in the coming week.