The Executive Director of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on government to urgently re-strategise Ghana's energy policy in the face of rising global tensions that threaten to spike fuel prices.
Speaking on Channel One Newsroom on Saturday, June 14, Amoah warned that Ghana's continued dependence on imported refined petroleum products leaves the economy dangerously exposed to external shocks-especially amid escalating conflicts such as the ongoing missile exchanges between Israel and Iran. "There's a lot of geopolitical tension.
We cannot continue to be price seekers or global observers," he said. "International oil companies extract our crude, refine it abroad, and we spend over $400 million every month to import it back.
That strategy must change." He called on Energy Minister John Jinapor to lead a bold restructuring of Ghana's petroleum strategy and push for greater energy self-sufficiency. "If anyone can fix it, it should be him.
