A Review of the Nigerian Energy Industry

Fuel shortage in Ghana

Fuel-dispencer25 June 2014, Accra — Some parts of the Ghana capital, Accra, are facing fuel shortages amid reports oil distributors were protesting non payment by government.

The shortage comes in the wake of threats by the Bulk Oil Distribution Companies (BDCs) of an imminent fuel shortage that will rock the country.

The government had not paid members of the Chamber of Bulk Oil Distribution Companies (BDCs) which it owed them an amount of GHC 1.5billion in subsidies.

The Chief Executive Officer of the Chamber of BDCs, Senyo Hosi, had said there was stock of fuel in Ghana but it was on hold until government settles a GH₵1.5 billion it owes the chamber .

“There is stock available on the market, on the shores of Ghana; but it is just that it is on a financial hold. You pay you get financial access to it from the international suppliers,” he told an Accra-based radio station.

Hosi noted that the BDCs cannot buy because the banks were not ready to make credits available because they [BDCs] were “heavily indebted” to them.

He stated the situation can be resolved when the debts are paid them to allow the BDCs pay the international suppliers.

Meanwhile, several fuel stations in Accra have run dry as attendants turn away motorists.

Some fuel stations located in Adabraka, Ridge, Osu, Kokomlemle, Tesano and along the Ring Road have attendants waving the “No Petrol” signs. – CAJ News

– CajNewsAfrica

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