According to Alex Mould, the former Chief Executive of the Ghana National Petroleum Corporation (GNPC), Ghana could face a fuel shortage crisis soon if care is not taken to prevent it.
In a post he shared on his Facebook page, the former GNPC Chief Executive stated the nation could soon experience a fuel shortage due to oil importing companies running out of the foreign exchange they need to enable them to import the fuel.
According to him, the oil importing companies were not getting the needed foreign exchange. This is because the Bank of Ghana itself was also running out of foreign exchange.
He revealed that one way the government could prevent this crisis was to speed up the process of acquiring an IMF bailout.
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