{"id":255588,"date":"2023-03-15T11:01:06","date_gmt":"2023-03-15T10:01:06","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=255588"},"modified":"2023-03-15T11:01:07","modified_gmt":"2023-03-15T10:01:07","slug":"ghana-removes-fuel-subsidy","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/03\/15\/ghana-removes-fuel-subsidy\/","title":{"rendered":"Ghana removes fuel subsidy"},"content":{"rendered":"

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country.<\/p>\n

The removal of the subsidy<\/a> is part of the country\u2019s implemented regulatory measures to ensure stability across its downstream sector.<\/p>\n

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.<\/p>\n

Hamid said the Ghanaian government, through the NPA, has also removed energy subsidies.<\/p>\n

\u201cWe 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.<\/p>\n

\u201cWe are ensuring affordability and security for the vulnerable consumers through the removal of energy subsidies,\u201d he said while speaking on more reforms implemented in the NPA.<\/p>\n

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.<\/p>\n

\u201cFor the first time in 30 years, we have installed fuel caps as a measure to intervene and to control market instability,\u201d he disclosed.<\/p>\n

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\u2019s growing demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy is part of the country\u2019s 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 […]<\/p>\n","protected":false},"author":13,"featured_media":197787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[38],"tags":[2571,788,6655,1131],"class_list":["post-255588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","tag-fuel-subsidy","tag-ghana","tag-npa","tag-petroleum"],"yoast_head":"\nGhana removes fuel subsidy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/03\/15\/ghana-removes-fuel-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana removes fuel subsidy\" \/>\n<meta property=\"og:description\" content=\"The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. 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