Ghana has once again been hit by an acute fuel shortage.
Several pump stations around Osu, Adabraka, Labone and Kokomlemle displayed ‘no petrol’, ‘no diesel’ or both signs as attendants waved away patrons.
This time, the shortage affects both petrol and diesel.
In June this year, the country was faced with the same problem after government failed to pay what it owed the Bulk Oil Distribution Companies (BDCs).
Sources say the country has just about a week’s supply of the fuel
The BDCs are unable to secure bank loans because of government’s inability to clear its debts thus leading to the irregular supply.
Sources say government may use funds it secures from the International Monetary fund or the 1.5billion dollar Eurobond to offset the debt.
Meanwhile Ernst & Young’s audit of the exactly how much is owed the BDCs would soon be finalised.