The Ghana National Petroleum Authority says fuel subsidy has been removed in the country.
The NPA said the development was to ensure stability across Ghana’s downstream sector.
Making this known was the Chief Executive Officer of NPA, Abdul Hamid, who spoke during a presentation at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South Africa.
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According to Hamid the Ghanaian government, through the NPA, has also removed energy subsidies.
He said, “We have removed subsidies and deregulated our markets. Industries were shutting down because the government was finding it hard to find the money to provide subsidies and to this day industry is being powered by investments in the private sector and there are no complaints of supply.
“We are ensuring affordability and security for the vulnerable consumers through the removal of energy subsidies,” he said while speaking on more reforms implemented in the NPA”.