The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country.
According to the Chief Executive Officer of NPA, Abdul Hamid, the removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector.
Speaking at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South Africa, Hamid said the Ghanaian government, through the NPA, has also removed energy subsidies.
Hamid added that the NPA has also created a special fund to assist refineries in boosting their capacity to 50 barrels of oil in order to meet the country’s growing demand.
