The Ghanaian government has removed fuel subsidy in a bid to stabilise its downstream sector and reduce funding pressure on authorities.
This was revealed on Wednesday by the Chief Executive Officer of Ghana National Petroleum Authority (NPA), Abdul Hamid, who said the government was finding it difficult to raise capital meant for funding subsidies.
Speaking during a presentation at the Africa Refiners and Distributers week 2023, in Cape Town, South Africa, Hamid said industries are shutting down due to a lack of subsidy funds.
