Vice President of the Republic of Ghana, Dr. Mahammudu Bawumia says the government is taking steps to ensure that the the West African country’s Bulk Oil Storage & Transportation Company Limited (BOST) is adequately resourced to lead the transformation of the petroleum product distribution system.
This, he said, is because petroleum downstream sector is a critical component in meeting the energy requirements of the country.
He added that an efficient and effective petroleum products distribution system is important and essential to the economic growth of the country.
In view of this, Dr Bawumia said the government is committed to improving the movement of petroleum products within the country by developing other modes of transport such as rail, water and pipeline to enhance the effectiveness and efficiency of petroleum products distribution in the country.
The Vice President was speaking at the launching of Electronic Cargo System and National Command Centre established by the National Petroleum Authority (NPA) to monitor movement of Bulk Road Vehicles (BRVs), which transport petroleum products across the West African nation.
On his part, Deputy Minister for energy in charge of Petroleum, Dr Mohammed Amin Adam noted that the West African nation has limited capacity in the transportation of petroleum products via the Volta Lake to the northern part of the country.
“Our capacity in pipeline transportation is next to nothing while we currently have no capacity in transporting petroleum products by rail,” he observed.
Dr Mohammed Amin Adam assured the industry players of the government’s determination to address the capacity challenges facing the Bulk Oil Storage and Transportation Company and the Volta Lake Transport Company in the distribution of petroleum products, indicating that the 98 percent of all petroleum products transported by road was on the high side.