• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Ghana Commences Downstream Oil Sector Deregulation, Removes Petrol Subsidy

by Chika Izuora
2 years ago
in Business
ghana
Share on WhatsAppShare on FacebookShare on XTelegram

The government of Ghana has, in a major downstream oil sector review, jettisoned fuel subsidy, to ensure stability across its downstream sector. 

Advertisement

The chief executive officer of Ghana National Petroleum Authority (NPA), Abdul Hamid, stated this during a presentation at the ongoing Africa Refiners and Distributers (ARDA) week 2023, in Cape Town, South Africa. 

Abdul explained that the regulatory measure was in response to the global oil and gas market volatility caused by the Russian-Ukraine war and energy transition-related policies. 

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

The cable reports that Abdul also spoke about the ‘gold-for-oil’ program, in which the country is leveraging its vast gold resources to buy petroleum from international markets. 

RELATED

CBN Intervention Funds Boost Non-oil Export Earnings

Banking Stocks Plummet On CBN’s Directive To Suspend Dividends, Bonuses

6 hours ago
Dangote Refinery Offers Transport-free PMS, Diesel, Aviation Fuel Deliveries To All Marketers, Dealers

Retailers Warn Against Dangote Refinery’s Downstream Monopoly, Say Job Losses Loom

6 hours ago

“We exchange gold directly for petroleum products from international firms. We buy the gold directly from large and small mining firms and exchange it with petroleum. This has stabilised our industry and kept energy prices affordable,” he said. 

The chief executive said the NPA has also created a special fund to help boost the capacity of refineries to meet the country’s growing demand. 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Apathy, Vandalism, Energy Theft Challenge Power Supply – Kaduna Electric

Next Post

Address Fuel Scarcity To Tame Rising Inflation, ACCI Urges Federal Govt

Chika Izuora

Chika Izuora

You May Like

CBN Intervention Funds Boost Non-oil Export Earnings
Business

Banking Stocks Plummet On CBN’s Directive To Suspend Dividends, Bonuses

2025/06/17
Dangote Refinery Offers Transport-free PMS, Diesel, Aviation Fuel Deliveries To All Marketers, Dealers
Business

Retailers Warn Against Dangote Refinery’s Downstream Monopoly, Say Job Losses Loom

2025/06/17
Customs Recovers N72.4m From Importers At Lagos Seaports
Business

Apapa Customs, NRC Meet On Evacuation Of Cargo By Rail

2025/06/17
JUST-IN: Inflation Rises To 28.20%
Business

Nigeria’s Inflation Rate Drops To 22.97% In May

2025/06/17
Nestle Appoints Samer Chedid As CEO For Central, West Africa
Business

Nestle Appoints Samer Chedid As CEO For Central, West Africa

2025/06/17
Interswitch Processes 1.2bn Transactions In March
Business

Interswitch Eases Pension Remittance With PensionRemit Launch

2025/06/17
Leadership Conference advertisement

LATEST

‘I Lost 20 Family Members In 1 Night’, Survivor Recounts Horror Of Benue Massacre

CAC Jerks Up Service Fees From August 1

Tinubu Commissions Mabushi Bus Terminal, Says It ‘ll End Transport Chaos In Abuja

Federal Gov’t Restates Commitment To Free, Vibrant Press

Davido Begins Countdown Amid White Wedding Speculation

China Tells Citizens To Flee Iran, Israel Amid Rising Conflict

EFCC Arraigns Company Director Over Alleged N13.8bn Ponzi Scheme

Kenya’s Deputy Police Chief Resigns Amid Outcry Over Blogger’s Death In Custody

Gunmen Kill 4 Local Security Guards, Farmers In Katsina

Activist Demands Commission Of Inquiry On Ogoni 9

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.