The high cost of greed: Government’s profit motive in liquid fuel procurement is crippling Ghana’s energy sector

The answer is unsettling. The government's preference for liquid fuels stems not from necessity or energy security concerns, but from its ability to profit from the importation of these fuels. Unlike natural gas, whose pricing is more stable and often determined by long-term contracts, liquid fuels are purchased on the international market, where prices fluctuate frequently. This volatility creates opportunities for markups, commissions, and profit margins at various points along the procurement chain. By exploiting these price differences, the government can cash in on procurement deals, earning excessive gains at the cost of the energy sector’s financial health.

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The high cost of greed: Government’s profit motive in liquid fuel procurement is crippling Ghana’s energy sector

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