The Chamber for Bulk Oil Distributors(CBOD) has assured the general public of availability of fuel supplies through the year.
According CBOD, there are sufficient stocks of all petroleum products to satisfy national demand well into the New Year.
This is contained in press release issued by the chamber on September 26, 2022 allaying fears of shortage of fuel in the country.
Allaying fears of the general public, the CEO of CBOD, Dr. Patrick Ofori said “Concerns about a potential fuel shortage are unfounded.”
The statement added that, “We have more than enough petroleum products at the depots and in the ports ready for discharge. These products, ranging from petrol and diesel to kerosene, premix and aviation fuel, are available in sufficient quantities to meet national demand beyond the Christmas holidays.”
According to the CEO, Dr. Patrick Ofori, the Bank of Ghana (BOG) has allocated $120 million to replenish the national stock which he expressed their appreciation.
“For this we are very grateful to the Central Bank, which has been working with us to assist our members, the bulk distribution companies, to secure foreign exchange forward to meet the nation’s petroleum import bill.
He added that, “With the BOG’s intervention, the forex challenges we faced around the middle of the year have been stabilized to come extent and there is little, if any cause of alarm.”
Below is the press release.
source: theGhanaianvoice.com