Audio By Carbonatix
Consumers of Petroleum products should by the end of this year be prepared to pay the real price of petroleum prices on the world market.
This is because government is working to completely remove subsidies on all petroleum products.
Government has already taken off subsidies on petrol, diesel and LPG, but is still subsidizing the other products, like Premix , Kerosene and marine gas oil.
Edward Bawa who speaks for the Energy Ministry said the subsidy removal has been necessitated because the targeted poor was not benefiting even though it had a huge impact on government expenditure.
"...Government realised that in still subsidising these products, all we were doing was that we were subsidising mostly commercial players."
He said government "could still find other ways of targeting [the poor]".
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Financial Stability Advisory Council holds final meeting for 2025
11 minutes -
Education in Review: 2025 marks turning point as Mahama resets Ghana’s education sector
18 minutes -
Nigeria AG orders fresh probe into alleged intimidation and assault of Sam Jonah’s River Park estate staff
24 minutes -
Concerned Small Scale Miners commend GoldBod’s efforts in addressing gold smuggling
34 minutes -
Haruna Mohammed claims Ghana Audit Service undermined
40 minutes -
5 members of notorious robbery syndicate in Tema, Accra arrested
41 minutes -
BoG, SEC and FIC hold Joint sensitisation workshop for Virtual Asset Service Providers
47 minutes -
How Nico Cantor became one of the top voices in American soccer
2 hours -
Ghana colorectal cancer patients face low survival rates, KNUST study finds
2 hours -
Police arrest suspect in GH₵ 7.5m daylight robbery at Adabraka
2 hours -
Armwrestling: The Golden Arms’ 2025 Triumph and an Era of Unprecedented Victories
2 hours -
Ghanaian researcher wins ASCE editors’ recognition for modular construction study
2 hours -
Corruption fight: I don’t think there’s political persecution or witch-hunting – Edem Senanu
2 hours -
Police deploys personnel to heighten security ahead of watchnight services
2 hours -
Education in Review: 2025 marks turning point as President Mahama resets Ghana’s education sector
2 hours
