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Ghanaians brace for higher fuel prices as dollar shortage deepens

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Ghanaians have been asked to brace up to pay even higher prices for fuel as Bulk Oil Distributing Companies, BDCs continue to struggle to get the dollars they need to bring in products. 

The BDCs need between 350 and 450 million dollars every month to import finished petroleum products but the Bank of Ghana is only able to provide 40 percent of their needs, leaving them to use alternative ways to look for the dollar at a very high rate.

Chief Executive of the BDCs Dr Patrick Ofori says the dollar supply from the central bank would have to go up, or the situation will not get any better.

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Ghanaians brace for higher fuel prices as dollar shortage deepens

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