Public Agenda NewsPaperPublic Agenda NewsPaper
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Font ResizerAa
Public Agenda NewsPaperPublic Agenda NewsPaper
Font ResizerAa
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Search
  • General News
  • Politics
  • Business
  • Health
  • Development Agenda
  • World News
  • Features & Opinions
  • Election watch
  • Editorial
Follow US
Breaking NewsBusinesstop stories

No need to panic over fuel shortage concerns – Senyo Hosi

Suleman
Last updated: June 22, 2022 12:10 pm
Suleman
Share
2 Min Read
SHARE

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has said Ghana has enough fuel stock to last a month amid fuel shortage concerns.

Speaking on the Citi Breakfast Show, Mr. Hosi said there was no need to panic.

“We have enough stock to keep us stable and actually buy us enough time to fix the problem,” he said.

More Read

Eliminating Intra-African Trade Barriers no Longer Optional – AfCFTA Scribe
Judge reverses Trump administration’s cuts of billions of dollars to Harvard University
I’ll hold you to the June 2026 deadline – Mahama to Ofankor–Nsawam road contractor
Draft report on review of Constitution to be ready by October – CRC
GRNMA apologises to Health Minister over attacks

Mr. Hosi also said some stakeholders have been “engaging all the international traders since yesterday when the story broke to give them assurances that things are being done.”

Beyond this, he said there will be more supplies beyond the one-month fuel stock in Ghana.

“It is a very resolvable situation. It is not something that panics me at all. It is something that we have been dealing with, and we have clarity on how to resolve it,” he said.

Mr. Hosi was responding to a report from Bloomberg which claimed that Ghana faces a looming fuel shortage because the Bank of Ghana is rationing dollars.

This follows a surge in oil prices in the wake of the Russian invasion of Ukraine.

Ghana’s monthly fuel import bill stood at $450 million in May, up from $250 million in January.

The cedi has also weakened 22 percent against the dollar this year, making it the worst performance among African currencies tracked by Bloomberg.

Ghana’s inflation rate also jumped to 27.6 percent in May, continuing the record highs in the last 18 years.

The Bank of Ghana is yet to respond to the report.

Source:CNR

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

Latest News

Shadows of Empire: The CIA, Kwame Nkrumah, and the Struggle for Ghanaian Sovereignty
September 3, 2025
Empowering Rural Women through environmental justice: GAGGA grantees convene in Accra
September 3, 2025
Birim North District Unveils Medium -Term Development Plan and More…
September 2, 2025
Chief Justice Getrude Torkornoo removed
September 1, 2025
ABANTU Engages Unsuccessful Women Parliamentary Candidates to Strengthen Political Participation in Ghana
August 28, 2025
Pakistan unveils 7-point plan for Gaza peace at OIC summit
August 26, 2025
Bagre Dam Spillage claims life of farmer
August 26, 2025

You Might Also Like

Breaking NewsBusinesstop stories

Ghana and Nigeria explore electricity for gas barter agreement

August 26, 2025
Breaking NewsGeneral Newstop stories

Ghana drops to 61st in 2025 Global Peace Index

August 26, 2025
Breaking NewsDevelopment AgendaElection watch

Charles Abugre Chairs MiDA Board

August 22, 2025
Breaking NewsBusinesstop stories

Ghana cedi is world’s best-performing currency – Mahama tells investors in Japan

August 20, 2025

About Us

Public Agenda is fou­nded and owned by Pu­blic Agenda Communic­ations.

Public Agenda was founded as a public interest Me­dia entity. Its Visi­on is to contribute to building a well-i­nformed society where accurate informati­on dissemination is the cornerstone of a democratic, just and equitable society.

Its mission is to inform, guide and bui­ld responsible citiz­enship and accountab­le decision making and strive for excell­ence in the media in­dustry. Public Agenda Communications is managed by a Board of Directors.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?