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Ghana has six weeks of petroleum reserves; no imminent fuel Shortage – President Mahama assures

April 5, 2026
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President John Dramani Mahama has assured Ghanaians that there would be no fuel shortage despite the ongoing conflict in Iran.
He noted that the country has sufficient petroleum reserves to last six weeks.

He said this at the 2026 Kwahu Business Forum in Mpraeso in the Eastern Region, on April 4, 2026.
He noted that Ghana is in no danger of running out of fuel, adding that the government is actively working to secure additional supplies.

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According to him, the government is working assiduously to cushion Ghanaians from the effects of the global shock.

“As we have always said, shocks will come and you cannot always predict these external events. However, you must build an economy that is resilient enough to withstand them,” he stated. “I know Iran and Israel are fighting, but so far, our economy has shown remarkable resilience.”
President Mahama added: “We have six months of export cover and six weeks of petroleum stocks, so there is no danger of us running out of petroleum products. Even as we utilise the reserve stock, we are simultaneously replenishing it.”

“I have called for this emergency cabinet meeting to decide on specific measures we can take to cushion petroleum prices while we hope the conflict comes to an end. There are adjustments we can make, particularly in the margins, to help maintain relatively stable prices as we pray for the war to cease.”

“The government remains fully committed to easing the burden on citizens. The cabinet will examine various aspects of the fuel price build-up and consider interventions to provide relief.”
He additionally stated that his government has adopted measures to build a resilient economy capable of withstanding external shocks such as the Middle East conflict.
“I can confidently tell you that the economy will not collapse because of the war in Iran,” he added.

By: Rainbowradioonline.com/Ghana

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