Ghana has committed to importing petroleum products from the Dangote Refinery in Lagos, Nigeria, marking a significant step towards strengthening regional energy ties. The move is expected to reduce Ghana’s reliance on costly European imports and lower fuel costs for consumers.
According to Godwin Kudzo Tameklo, CEO of Ghana’s National Petroleum Authority, the country’s two small refineries lack the capacity to meet domestic demand, making imports from Dangote Refinery a viable solution. The refinery has an installed capacity of 650,000 barrels per day and is currently operating at 85% capacity.
The partnership will see Ghana importing Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) from Nigeria, with the potential to reduce monthly fuel import expenses by $400 million. This development is expected to boost Ghana’s economic resilience and promote regional energy cooperation.
The move also highlights the growing importance of West African countries in the global energy market, with the Dangote Refinery positioning itself as a key player in the region’s energy landscape.
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