Citi Business News investigations reveal the current fuel shortage in parts of the country may worsen in the coming days.
An acute shortage of petrol and diesel hit some parts of the Greater Accra Region and other Regions early this week.
A visit to some pump stations in Adabraka and the central business district of Accra revealed some stations do not have either petrol or diesel.
Citi Business News has gathered the country has just about a week’s stock of petroleum products available.
Ghana for some months now has seen irregular supply of petroleum products at fuel pumps across the country as a result of the Bulk Oil distribution companies (BDCs) inability to secure lines of credit from the banks.
Their inability to secure credit follows government’s high indebtedness to the BDCs which runs in hundreds of millions.
Citi Business News has learnt government may use funds it secures from the International Monetary fund or the 1.5billion dollar Eurobond to offset the debt.
Meanwhile Citi Business news has also learnt that Ernst & Young’s audit of the exactly how much is owed the BDCs would soon be finalised.
By: Anim Kwaku Boadu/citifmonline.com/Ghana
