LPG supplies in the country are set to stabilize next week with the resumption of production at the Atuabo Gas Processing Plant, according to Gabriel Kumi, Senior Vice Chair of the LPG Marketing Companies Association of Ghana (LPGMCs).
However, the recovery in supply will not be enough to prevent a forecasted 7% rise in LPG prices in October, driven by higher international market prices and the weakening of the cedi, Mr Kumi warned.
Speaking at an Energy Policy Town Hall hosted by the Chamber of Bulk Oil Distributors (CBOD), Mr Kumi pointed to rising global costs and local currency depreciation as key factors behind the price hike.
His comments come amid broader concerns over LPG shortages, as operational challenges at the Atuabo Gas Plant had constrained domestic supply, forcing reliance on imports.
The resumption of gas production at Atuabo was confirmed by NPP Vice Presidential Candidate, Dr. Matthew Opoku-Prempeh, during the same event.
While this development is expected to alleviate immediate supply concerns, Mr Kumi cautioned that it would not entirely offset the regulatory and logistical challenges facing the sector.
Earlier in the week, Mr Kumi in a statement had warned that Ghana’s LPG stockpile—currently at 10,000 metric tonnes—could be depleted within days, highlighting the fragile state of the supply chain.
The Atuabo plant, which normally accounts for 50% of national demand, has been out of operation for over a month, exacerbating the country’s reliance on imports.
Source:norvanreports.com