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BOSTenergies has assured the public that Ghana is not facing an imminent fuel shortage, attributing the recent reduction in fuel exports to Burkina Faso and Mali to the ongoing rehabilitation of its Bolgatanga depot.
In a statement, the company said the decline in regional export volumes was primarily linked to the revamp of its northernmost depot, which serves as its gateway to the Sahelian market, alongside fluctuations in international fuel markets.
BOSTenergies rejected suggestions that it had reduced supplies to Burkina Faso and Mali to protect Ghana’s domestic fuel stock.
“There is no imminent fuel shortage in Ghana, and no cutting of supply has been implemented on this and any other basis,” the company stated.
According to BOSTenergies, the Bolgatanga depot is currently undergoing rehabilitation and is nearing completion.
The company said it has, however, continued supplying fuel to Burkina Faso and Mali through Bulk Road Vehicles (BRVs) transporting petroleum products from its coastal depot in Tema.
Under normal operating conditions, BOSTenergies explained, fuel is transported to the northern and regional markets through an integrated network of pipelines and barges linking its depots from southern Ghana to the north.
This system enables the company to supply neighbouring countries at competitive prices while maintaining its required profit margins.
BOSTenergies said full regional supply capacity will resume once the Bolgatanga depot rehabilitation is completed.
The company also dismissed suggestions that political, security or diplomatic considerations influenced the reduction in exports.
“No political, security, or diplomatic consideration played any role in this decision,” it stated.
The clarification follows media reports concerning comments by BOSTenergies Managing Director Afetsi Awoonor on the company’s fuel supply volumes to Burkina Faso and Mali.
BOSTenergies reaffirmed its commitment to regional fuel security and said it is working with government and regional partners to accelerate the completion of the Bolgatanga depot.