Accra, October 16, 2017//-Ghana’s National Petroleum Authority (NPA) – the institution mandated to regulate, oversee and monitor activities in the petroleum downstream industry – is pushing for stronger local players in the industry, even as it seeks to shut down operations of idle members.
Developments in both the domestic and global economic environment have forced Ghana’s government to slash key macroeconomic framework and targets in its 2015 budget.
A renowned Chartered Economist, Dr. John Gatsi, has warned that if the trend of the falling oil crude prices on the international market continues into the second quarter of this year, it will pose a challenge to the 2015 budget.
Ghana’s National Petroleum Authority (NPA) is lacing its boots to take a decision on the prices of fuel products in the country after several months of fall in international cruel prices.
THE drastic reduction of crude oil from $115 per barrel to about $80 on the world market has compelled the opposition New Patriotic Party (NPP) to urge the government to reduce fuel prices accordingly.
