ACEP urges incentives for private fuel storage as prices surge in Ghana

Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), has called on government and industry to incentivise in-country fuel storage and strategic reserves to cushion Ghana’s economy from shocks like recent international conflicts and rising pump prices. Speaking amid significant hikes in local fuel prices, with petrol now selling at around GH¢13.30 per litre and diesel at GH¢17.10 per litre at major stations, Boakye stressed that Ghana’s current stock levels may not be sufficient to withstand prolonged import disruptions.

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