The Acting Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has assured Ghanaians that the country has enough fuel reserves to last beyond two months, despite ongoing global uncertainties.

Speaking during a briefing with the Parliamentary Select Committee on Energy at Senchi on Saturday, Mr. Tameklo disclosed that Ghana currently has over 200 million litres of petrol and 150 million litres of diesel in reserve.

“I can assure the good people of Ghana that we have enough stock to last us beyond two months, and with all the ongoing efforts, we are confident that there will be no supply disruptions,” he stated.

He further indicated that vessels loaded with petroleum products were already in Ghanaian waters and that Nigeria’s Dangote refinery was producing substantial volumes of petrol and diesel, which would further support national demand.

The 17-member Energy Committee, chaired by Emmanuel Kwasi Bedzrah, is on a sector-wide engagement to assess the operations, challenges, and plans of key players in the energy industry.

Addressing concerns about the GH₵1 fuel levy, Mr. Tameklo noted that the Ministry of Finance and the Ghana Revenue Authority were closely monitoring global developments before making a decision.

He explained that the government was assessing the potential impact of the Israel-Iran conflict, particularly in the Strait of Hormuz, a critical global shipping route.

“At this stage, there is no significant disruption in the Strait of Hormuz.

We are confident that if conditions remain stable, the government will communicate a decision on the levy’s implementation soon,” he added.

Tameklo clarified that initial plans to roll out the policy on June 16, 2025, were delayed due to consultations with stakeholders, including the Chamber of Bulk Oil Distributors and a last-minute intervention by the Minister of Finance.

He emphasised that the Chamber of Oil Marketing Companies would be engaged before the policy is rolled out to ensure transparency and consensus.

Responding to calls by the Minority in Parliament for the repeal of the Energy Sector Levies Act (ESLA), Mr. Tameklo said the demand lacked a viable alternative to fund essential liquid fuel supplies.

“We still need liquid fuel to keep our lights on. If the Minority has a workable alternative, I believe President John Dramani Mahama, a listening president, would consider it,” he said.

He emphasised that the President was committed to ensuring energy stability, noting that recent interventions, including efforts to stabilise the exchange rate, had already resulted in a GH₵4 drop in petroleum prices — a direct benefit to consumers.

On the ongoing Israel-Iran conflict, Mr. Tameklo maintained that while initial tensions were high, global diplomatic efforts were underway to de-escalate the situation.

“It’s early days yet, but the major powers involved in global diplomacy are engaging the key actors.

There is optimism that negotiations will prevail,” he said.

Mr. Tameklo reaffirmed the government’s commitment to maintaining a stable fuel supply, controlling prices, and keeping industries and homes powered as the country monitors international developments