Godwin Edudzi Tamaklo, CEO of the National Petroleum Authority (NPA), has indicated that Ghana may require high-level intervention if fuel prices continue to rise, with discussions potentially escalating to the Presidency. Speaking on PM Express on Joy News, he noted that while current market trends are being closely monitored, more decisive measures could be necessary should conditions worsen.
“Some of these decisions require broader conversation, possibly at the ministerial or Presidential level. What we have now is a window to study how the market will generally react, which will inform some of the decisions. If this becomes more extended, I know there will be a bigger conversation, though I do not have the authority to make certain disclosures at this time,” he explained.
Tamaklo emphasised that while authorities are observing developments, there is a clear threshold that could trigger stronger action. His remarks suggest that although no immediate intervention has been announced, the option remains firmly on the table if global market pressures intensify.
The NPA boss’s comments come at a time when fuel price volatility is becoming a major concern for households and businesses, raising fears of broader economic strain if the trend continues unchecked. “Anything beyond maybe $120 per barrel for the world price of crude, then the conversations can be firmed up.”
The comments come amid growing concern about the direct impact of rising global oil prices on consumers. When pressed on whether such increases would ultimately be passed on to the public, Mr Tamaklo acknowledged the pressure on consumers but pointed to ongoing concern at the highest level of government.
“In the past few days, the President had been generally concerned about prices. He has been greatly concerned, that I can tell you. “And so, if there is anything in the rulebooks on how to mitigate the impact on the average Ghanaian, the President will not hesitate at all. I mean, his record is there.”
Source: myjoyonline.com
