The Government has revealed that it has little control in the consistent price rise in petroleum products, despite recent measures put in place yielding some results.
The Government recently announced Oil Marketing Companies (OMCs) will be provided forex by the Bank of Ghana as a way of mitigating the effect of the free-falling cedi in price build-up.
Speaking on Plan BFM Ebaanosen with Bohyeba Afriyie, Mr sampson Addae head of pricing and Research COPEC
stated that the Ghanaian government is actually running from the main solution to the the rapid increase of fuel prices which is Renovating Tema Oil Refinery and Also lifting some levies of petroleum product.
He added that the Government of Ghana is not ready to learn because there’s been several publications on how to control the consistent increase of fuel prices but there’s none they have applied.
He concluded that the Government must invest in TOR and forever solve the petroleum problems in Ghana
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