NPA Boss Warns of Fuel Prices Swing as Ghana Extends Fuel Stocks to 7 Weeks Amid Market Uncertainty
Ghana’s petroleum stock cover has increased to seven weeks, according to the Chief Executive of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe.
Damian Owusu 
Ghana’s petroleum stock cover has increased to seven weeks, according to the Chief Executive of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe.
Speaking in a radio interview, Mr. Tamakloe explained that the improvement follows ongoing efforts to replenish reserves, with vessels scheduled through April 19, 2026. He emphasized that while supply reliability remains stable, global fuel prices are unpredictable due to geopolitical developments.
Recent adjustments saw petrol prices rise by 15% to GH¢13.30 per litre, while diesel jumped 19% to GH¢17.10 per litre for the April 1–15 pricing window. The increases were linked to disruptions around the Strait of Hormuz, though a ceasefire between the U.S. and Iran could alter the outlook.
Mr. Tamakloe cautioned that a surge in global supply could drive prices down sharply, exposing traders who bought fuel at elevated prices to losses. He noted that diesel could return to pre-conflict levels of about $695 per metric tonne if supply conditions improve.
An emergency cabinet meeting is scheduled for April 9, 2026, to consider relief measures for consumers. Mr. Tamakloe confirmed he has not been invited but acknowledged that the executive retains discretion to call on officials when necessary.
While Ghana’s supply remains stable, other countries such as the Philippines have declared energy emergencies, with reports of rationing in parts of Asia. Mr. Tamakloe credited the relative strength of the cedi for cushioning local price shocks.
