Global oil shock tests Ghana’s shift towards domestic fuel production

Ghana increased domestic petroleum-product production and reduced imports in the first half of 2026, even as a global oil shock drove up fuel prices and national consumption continued to rise, according to a report by the Chamber of Oil Marketing Companies (COMAC).“Ghana’s energy security strengthened as imports declined and domestic production expanded,” the report states.

The findings show progress in domestic production and fuel reserves, alongside a continuing dependence on imports and a heavy reliance on a single refinery for local output.