The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamaklo, has signalled that Ghana could see high-level intervention if fuel prices continue to surge, with discussions potentially escalating to the Presidency.
Speaking on PM Express on Joy News, he indicated that current market conditions are being closely monitored, but tougher decisions may be required if the situation worsens.
“Some of these decisions require broader conversation, possibly ministerial or Presidential level. What we have is a window to study how the market will generally react, which will inform some of the decisions.
“If this becomes more extended, that one, I know that there will be a bigger conversation, just that I do not have the authority to make some disclosures now.”
He explained that while authorities are observing trends, there is a clear threshold that could trigger firmer action.
His remarks suggest that while no immediate intervention has been announced, the possibility of action 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.”
