Fuel relief talks likely if crude hits $120 - NPA boss Edudzi Tamakloe
Godwin Edudzi Tamakloe, CEO of the National Petroleum Authority (NPA), signalled that government may be forced to make major decisions if global crude oil prices rise to $120 per barrel. Speaking on PM Express on Joy News, he indicated that such a price level would trigger deeper policy discussions at the highest levels of government, saying, "Anything beyond maybe $120 per barrel for the world price of crude, then the conversations can be firmed up."
Mr. Tamakloe said authorities are currently observing how global markets react before taking any concrete decisions, stressing that some interventions require broader consultations. He said, "Some of these decisions require broader conversation, possibly ministerial or Presidential level." He also stated, "In the past few days, the President had been generally concerned about prices."
Mr. Tamakloe added that government would act within its mandate to cushion consumers if necessary. He said, "And so if there is anything within the rules books on how to mitigate the impact for the average Ghanaian, the President will not hesitate at all."
Quick Summary
NPA boss Edudzi Tamakloe hinted at potential government action regarding fuel prices. He suggests that rising global crude prices may force authorities to consider deeper policy discussions - but what could those be?
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