It is my singular honour and privilege, as Chairman of the Board of Governors, to warmly welcome you all to the 24th Ordinary Session of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID).
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The Chief Executive Officer of the National Petroleum Authority (NPA), Mr. Godwin Edudzi Tamakloe, has assured the public of Ghana’s fuel security, revealing that the country currently holds sufficient reserves to sustain consumption in the short to medium term.
According to him, Ghana has approximately eight weeks’ worth of diesel and about 6.8 weeks’ supply of petrol available. This, he explained, reflects the Authority’s ongoing efforts to ensure stability in the downstream petroleum sector and prevent any potential supply disruptions.
Mr. Tamakloe noted that the NPA continues to closely monitor global petroleum supply trends and local consumption patterns to maintain adequate stock levels at all times. He emphasized that maintaining strategic fuel reserves is critical, especially in the face of global market uncertainties and potential logistical challenges.
He further assured industry players and the general public that the Authority is working collaboratively with bulk oil distributors, oil marketing companies, and other stakeholders to guarantee uninterrupted fuel availability across the country.
The announcement is expected to boost public confidence, particularly amid concerns about global fuel supply fluctuations, as the NPA strengthens measures to ensure energy security and operational resilience within Ghana’s petroleum sector.
NPA, COMAC Champion Safety Excellence in Downstream Petroleum Sector with Launch of Safety Week 2026
The National Petroleum Authority (NPA), in collaboration with the Chamber of Oil Marketing Companies (COMAC), has officially launched Safety Week 2026, a four-day initiative designed to deepen collaboration and strengthen health, safety, security, and environmental (HSSE) standards within Ghana’s downstream petroleum sector.
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Ibrahim Mahama stands as a compelling example of what disciplined ambition, resilience, and vision can achieve in an environment often shaped by uncertainty.
The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has revealed that a total of US$434.55 million from Ghana’s petroleum revenue has been allocated through the Annual Budget Funding Amount (ABFA) to support the government’s flagship infrastructure initiative, the “Big Push” programme.
Nigeria’s Dangote refinery, the largest in Africa and one of the biggest single-train refineries globally, has significantly ramped up exports of gasoline and urea to African markets facing supply shortages triggered by the ongoing Iran war, according to its owner, Aliko Dangote.
BoG Gold Sale Generates $1.3 Billion Profit, Eases 2025 Loss Pressure
The Bank of Ghana (BoG)’s decision to sell more than half of its gold reserves in November and December 2025 may have delivered a significant accounting advantage beyond its stated reserve management objectives.
Oil prices extended gains on Tuesday as Donald Trump intensified his rhetoric against Iran, warning of stronger military action if the country fails to reopen the strategically critical Strait of Hormuz—a vital artery for global energy supplies.
The Chairman of the Ghana Airports Company Limited, James Agalga, has defended the government’s Airport Infrastructure Development Levy, describing it as a necessary measure to finance critical upgrades at Kotoka International Airport amid rising congestion and ageing infrastructure.
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Sachet water producers in Ghana have clarified that the recently announced GH¢15 price for a bag of sachet water is a maximum retail limit, not a mandatory uniform selling price across the market. The clarification comes amid public concerns that the new pricing could make sachet water universally more expensive.
The Bank of Ghana undertook a major shift in its reserve management strategy between November and December 2025, selling roughly half of its gold holdings in a move aimed at reducing risk and rebalancing the country’s international reserves.
The supply of onions into Ghana is facing a significant disruption after several trucks transporting the commodity from Niger through Nigeria were reportedly impounded, sparking concerns about potential shortages in local markets.
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President John Dramani Mahama has moved to reassure Ghanaians amid growing concerns over a possible fuel shortage triggered by the ongoing conflict in Iran, stating that the country has adequate petroleum reserves to last for at least six weeks.
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