Ghana gov’t to remove fuel subsidy
![]() |
| Dr. Dufuor, Finance & Economy |
Petroleum prices are likely to be increased by the end of the month or in January, because of the growing expenditure on fuel subsidy by the government, industry experts have said.
Jan. 10 (GIN) – As feared, Ghana’s oil facilities are being sold to the highest bidder following the discovery of the precious substance over the past decade. This week it was reported that a Floating Production Storage Offloading vessel – named Kwame Nkrumah – was sold to a consortium of oil dealers, mostly American.