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The Ghana National Petroleum Authority (NPA) says the country has implemented regulatory measures, including the removal of fuel subsidy, to ensure stability across its downstream sector.
Chief executive officer (CEO) of NPA, Abdul Hamid spoke during a presentation at the ongoing Africa Refiners and Distributers (ARDA) week 2023, in Cape Town, South Africa.
He said the measures were implemented in response to the global oil and gas market volatility caused by the Russian-Ukraine war and energy transition-related policies.
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“For the first time in 30 years, we have installed fuel caps as a measure to intervene and to control market instability,” he said.
