Ghana’s Strategic Energy Stocks: A Policy Based Review

Abstract

This study sought to assess Ghana’s strategic stocks policy through the lens of the national energy policy and the realities and dynamics of the energy industry. Employing a theoretical policy appraisal approach and interviews with industry experts, the study established that strategic stock management faces challenges which primarily hinge on inadequate refinery and storage capacity, and inadequate strategic stock of petroleum and refined products. The study recommends nationwide strategic stock policy education, regulations to ensure order with the policy framework, and alternative models such as public-private partnerships (PPPs) to ensure a reliable supply of petroleum products, and to support the maintenance and upgrade of the storage infrastructure.