CBOD assures of adequate fuel supplies to last beyond the Christmas period - www.asempanews.com

The Ghana Chamber of Bulk Oil Distributors (CBOD) has assured the nation that there are sufficient stocks of all petroleum products to satisfy national demand well into the New Year.

“We have more than enough petroleum products at the depots and in the ports ready for discharge.

Ofori said the nation’s strategic fuel stocks have been maintained and replenished through policy intervention by the Bank of Ghana (BOG) and nationalistic “sacrifices” by the bulk oil distribution companies.

He explained that the BOG has allocated 120 million US dollars every month until the end of the year for the importation of all essential petroleum products into the country.

“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 forwards to meet the nation’s petroleum import bill,” Dr

Ofori also commended the bulk distribution companies for placing the national interest above their commercial interests to help ensure adequate petroleum supplies in the country.

He pledged the continuous support and co-operation of CBOD with all the relevant national agencies to ensure adequate supplies of petroleum products to keep the engines of the Ghanaian economy running.