Measures put in place to stabilize petroleum prices – Energy Minister

Energy Minister Dr. Mathew Opoku Prempah has said the government will add more power generation capacity. He also said the government will locate power generation in the middle and northern sectors to improve grid stability.

Dr. Opoku Prempeh said these at a press conference in Accra on Wednesday, April 13.

“We have put in place measures to prevent petroleum product scarcity and also ensure price stability,” he added.

Petroleum (Local Content and Local Participation) (Amendment) Regulations, 2021. (L.I. 2435) has been passed to include channel
partnerships and strategic alliances in the petroleum upstream sector.

“Draft Regulation for Ghanaian Content and Ghanaian Participation for the downstream sector under review. Legislative Instrument (LI 2354) on Local Content and Local Participation in the Electricity Supply Industry was also passed in 2017.”

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