The second shipment of petroleum delivered to Ghana under the "gold for oil" policy has been received.

On Sunday, February 19, 2023, the 40,000 metric tonnes of oil arrived at the port in Tema. The entire amount of fuel obtained under the policy now stands at 80,000 tonnes.

Ghana will receive four different gasoline cargoes by the end of February, according to Edwin Provencal, managing director of Bulk Oil Storage and Transportation Limited (BOST), who made the announcement last week.

In addition to the initial cargo of 40,000 tons of oil, the shipments will total 155,000 tonnes of fuel.

“The next shipment will arrive on Sunday [February 19th]. It’s 35,000 tons of gasoline. The following week, another 40,000 tons will arrive, followed by another 40,000 tons that same week, and then another 40,000 tons in the last week of February. So, God willing, there will be four by the end of February,” he said.

Energy Minister, Dr Matthew Opoku Prempeh on Friday assured that his ministry will keenly monitor every step in the Gold for Oil programme value chain from the ship that brings the oil, through delivery to the BDCs, to the OMCs and to the pumps.

This, according to Dr. Opoku Prempeh will ensure that the purposes for which the programme was birthed, which are stable prices, lower prices and removing the foreign exchange conundrum are not defeated by the defects in the system.