Ghana presently has a month's worth of crude oil in storage, according to the National Petroleum Authority (NPA).
However, because they have the goods accessible for purchase by the general public, the Authority is telling the citizenry that there is no need for concern.
The disclosure comes after Bloomberg's forecast that Ghana could soon face a gasoline scarcity due to the central bank's currency rationing in the wake of a spike in oil prices brought on by Russia's invasion of Ukraine.
Ghana's monthly gasoline import cost increased from $250 million in January to $450 million in May.
The Central Bank's monthly foreign exchange auctions only give roughly $100 million, making it difficult for the oil marketing corporations to obtain funds.
However, Kudus Mohammed, the NPA's Director of Communications, claims
"We don't need to provide permission to too many vessels that may transport the goods, making it difficult for you to decide where to store them. As a result, there is a set schedule that ensures that everyone delivers what at the right time, and the Planning Department can determine at any one moment what the public's needs are, what is readily accessible nationwide, and who should be given a permit.
"Diesel is becoming a very rare item on the market, in particular. Therefore, access to it and the regular quantity that should be provided to consumers are of the utmost importance.
Duncan Amoah, the Chamber of Petroleum Consumers' executive secretary, has nevertheless blamed poor planning for the oil industry's current predicament.
If quick action is not taken to stock up, he cautioned that there may be shortages in August.
"A full-scale war would be declared if, when we awaken in August, Russia decided it was sick of Ukraine and turned its attention to larger countries. Cargoes cannot move, and private finance may only deliver crude oil for one month at a time.
Should the nation come to a complete standstill in four weeks? The situation is extremely unstable, and we have no plans," he said.
The head of the Chamber of Bulk Oil Distributors claims that despite the nation's complaints about the growing price of petrol at the pump, the nation is not paying a fair price for the goods.
Senyo Hosi claims that the circumstance is causing the chamber to suffer enormous losses.