Flor Media

Top Menu

Main Menu

  • Home
  • News & Trends
  • Society
  • Sports
  • Gossip
  • celebrity
  • Crime
  • Contact Us

logo

Flor Media

  • Home
  • News & Trends
  • Society
  • Sports
  • Gossip
  • celebrity
  • Crime
  • Contact Us
  • Lagos Govt To End 50% Reduction In Bus Fares April 1

  • 8 ways to maintain healthy spine

  • “Done and dusted” — Regina Daniels’ mother, Rita Daniels celebrates as she bags law degree

  • Cash crunch may linger for another two weeks’

Foreign News.News & Trends
Home›Foreign News.›Ghana removes fuel subsidy

Ghana removes fuel subsidy

By Flor Media
March 15, 2023
17
0
Share:

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country.

The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector.

The Chief Executive Officer of NPA, Abdul Hamid, said this during a presentation 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.

“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.

He disclosed the plans were implemented in response to the global oil and gas market volatility caused by the Russian-Ukraine war and energy transition-related policies.

See also  Ghana’s Sports Minister summons Ghana Football Association over disgraceful AFCON exit

“For the first time in 30 years, we have installed fuel caps as a measure to intervene and to control market instability,” he disclosed.

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.

 

Facebook Comments Box
TagsFuelFuel subsidyGhanapetrol
Previous Article

Travis Greene Reacts As House On The ...

Next Article

Davido deletes all but three social media ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • ahmed musa
    FootballSportsTrendingUncategorized

    Nigeria Vs Ghana: Ahmed Musa Makes Demand From Super Eagles Ahead Of World Cup Playoff

    March 24, 2022
    By Flor Media
  • images 15 2022 02 08t204151.781
    Family & SocietyTrendingUncategorized

    FG Confirms Supply Of Adulterated Fuel

    February 9, 2022
    By Flor Media
  • jordan ayew and president nana
    FootballSports

    Ghana striker Jordan Ayew visits President Nana in London

    April 8, 2022
    By flor01
  • 272115036 1121555501944840 5291382781247127805 n
    Uncategorized

    Ghana’s Sports Minister summons Ghana Football Association over disgraceful AFCON exit

    January 20, 2022
    By flor01
  • petrol e1624900109321
    Family & SocietyGossipTrendingUncategorized

    Fuel Crisis To End Next Week – NNPC Assures NEC

    February 18, 2022
    By Flor Media
  • fuel scarcity (1)
    Trending

    Why Queues Returned To Abuja Filling Stations — NNPC

    May 9, 2022
    By Flor Media

Leave a reply Cancel reply

  • footballSportsUncategorized

    Paris Saint German Sack Head Coach Despite Recent Win

  • Rooney ferguson
    FootballSports

    Alex Ferguson Kicked Me Out of His Office Over Ronaldo and Tevez – Rooney

  • footballSports

    Hazard Celebrates First 2021 Goal For Real Madrid

Latest Stories

Uncategorized

How to online real money casino paypal Play Free Casino Slots The best way to play free slots at casinos is to sign-up on a casino’s website. They offer a ...
  • Lagos Govt To End 50% Reduction In Bus Fares April 1

    By Flor Media
    March 30, 2023
  • 8 ways to maintain healthy spine

    By Flor Media
    March 30, 2023
  • “Done and dusted” — Regina Daniels’ mother, Rita Daniels celebrates as she bags law degree

    By Flor Media
    March 30, 2023
  • Cash crunch may linger for another two weeks’

    By Flor Media
    March 30, 2023

Find us on Facebook

  • Popular Posts

  • Meet ‘Ogbonna’ The Professional Nigerian Footballer Who Plays with One Eye {PHOTOS}

    By floramediasports
    October 3, 2020
  • Redeemed church excommunicates pastor over attempt to sleep with woman

    By Flor Media
    July 10, 2020
  • football premier league 26 december 2022 fixtures

    Premier League Last Fixtures: Teams that need to win Today

    By flor01
    May 22, 2022
  • osimhen

    Osimhen To Be Out Of Action for 3 Months, To Miss African Nation’s Cup

    By flor01
    November 24, 2021
  • shatu.garko 269315252 178655607769901 5996400587513465835 n

    18-Year-Old Hijab Wearing Model from Kano is Winner Of 2021 Miss Nigeria (Her Pictures)

    By flor01
    December 21, 2021

Categories

  • News & Trends
  • Foreign News.
  • Crime
  • Health & Wellness
  • Sports
  • Politics
  • Family & Society

Follow us

CONTACT US

Email: flormedia0@gmail.com
info@flormedia.com

Lagos. Nigeria

  • Home
  • Family & Society
  • Privacy
  • Fashion
  • Health
  • News
  • Sports
  • Entertainment
  • Food Recipes
  • Contact
Copyright Flor Media 2021 | Site by Clays Concept