Business News of Monday, 2 March 2026
Source: otecfmghana.com
The Energy Committee of Parliament has assured the country of a continuous supply of petroleum products despite ongoing tensions in the Middle East.
Deputy Ranking Member, Collins Adomako-Mensah, stated that while authorities have no control over fuel prices, measures can be implemented to ensure steady availability.
Speaking on OTEC FM’s Dwabrem show on Monday, March 2, 2026, Adomako-Mensah said the National Petroleum Authority (NPA) has confirmed that Ghana currently has seven weeks of fuel cover, adding that the committee is closely monitoring the situation.
“There will be no shortages,” he emphasised.
Adomako-Mensah noted that although prices may rise, the immediate priority is maintaining supply.
“At this stage, we are handicapped because we have no control over prices on the international market, but the good news is that we will not experience any shortage for now,” he said.
The committee’s assurance comes amid global market uncertainty triggered by the Middle East conflict.
Ghana’s fuel supply situation is being closely watched, given the country’s reliance on imported petroleum products.
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