The Acting Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig A. Apanga, has cautioned that growing speculation about a potential rise in fuel prices could lead to artificial shortages if businesses begin hoarding products in anticipation.

Speaking on Breakfast Daily on Channel One TV on Tuesday, March 10, Mr. Apanga warned that public discussions about possible fuel price adjustments risk creating unnecessary anxiety in the market.

He explained that such speculation may encourage traders and suppliers to withhold products, waiting for prices to rise before releasing them to consumers.

“What worries me is that it appears we are raising anxiety and whipping up public sentiment about a likely increase. If we are not careful, people who have goods to sell may hoard them now and only release them when prices go up,” he said.

Mr. Apanga added that this behaviour could create shortages driven by perception rather than actual supply issues.

His remarks come as the Chamber of Oil Marketing Companies (COMAC) indicated that Ghana could see fuel price adjustments in the next pricing window, starting March 16.