Gov't's ¢2 diesel relief is positive, but not sustainable - COPEC wants long-term fuel strategy
Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), stated on JoyNews' PM Express Business Edition on Thursday that the government's decision to cushion diesel prices with a ¢2-per-litre intervention is a welcome move, but "that is not enough." He insisted it falls short of addressing Ghana's long-term fuel price challenges.
Mr. Amoah argued that Ghana needs a permanent, sustainable mechanism to protect consumers from recurring fuel price shocks, rather than relying on periodic interventions. He suggested that a strategic fuel reserve programme should be the way forward. The government's ¢2 diesel cushioning followed fresh increases in petroleum prices and was aimed at easing the burden on commercial transport operators, businesses, and consumers. Mr. Amoah acknowledged the decision deserves credit, stating, "It is positive, but it is not sustainable."
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COPEC's Executive Secretary, Duncan Amoah, has commented on the government's recent ¢2-per-litre diesel intervention. He suggests that while
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