The Energy Media has introduced a maiden monthly magazine into the Ghanaian market; the magazine will provide complete information about petroleum sector.
The launch has drawn the experts from energy sector to prevent shortage, direct subsidies into productive initiatives and avert indebtedness.
The experts were engaged in debate on introduction of full price petroleum deregulation.
Head of Editorial Committee of the Energy Ghana Magazine Dr Joe Asamoah, revealed that Ghana is a net importer of fuel products.
He stated that taxes, margins and exchange rate were the important factors that controlled the petroleum products prices.
Further he said government would allow subsidies to improve the investments and other productive projects which are very necessary for a country’s development.
It would help to control huge debts and prevent from shortages in the market.
The deregulation from petroleum prices would increase quality services and also provide the advantages to the consumer to explore for their betterment.
He said undoing the control of government from petroleum prices could be fire from hell, it depends on how the process managed.
To explore high benefits from the policy government used to improve petroleum regulation for full price deregulation. He said.
He said that oil marketing companies should be dependent to decide their prices as they deemed fit.
Mr Kweku Boateng, Director of Special Services at the Petroleum Commission has expressed hope about magazine that it would offer the public education to fulfill the expectation about petroleum field activities. In every country there is need for government control to achieve full deregulation.
Private sector support is needed to save the currency
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