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    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

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    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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LPG from Ghana Gas more expensive than imported product; COPEC insists

bycitibusinessnews
May 28, 2020
in Oil And Gas, Top Stories
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The Chamber of Petroleum Consumers, COPEC, insists that Liquefied Petroleum Gas supplied to Oil Marketing Companies by the Ghana National Gas Company is more expensive than imported LPG.

COPEC had earlier called on the Ministry of Energy to address the anomaly which it says had contributed to an increase in the price of LPG in some parts of the country.

COPEC said despite the price differentials, some Oil Marketing Companies are being compelled under a policy of zonalisation to buy the Atuabo Gas and sell to consumers.

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The Ghana National Gas Company Limited however debunked the claims, and described them as misleading and mischievous.

But the Executive Secretary COPEC, Duncan Amoah, has told Citi Business News Ghana Gas is not being honest.

“They said that they deliver relatively cheaper gas. Unfortunately, if you speak to the guys who buy from Atuabo, they are paying much more higher than imported gas, and that for every Ghanaian should be a source of worry especially when your local gas processor who should have been the game changer and work harder to drive prices down is rather charging much higher than imported gas that leaves the Ghanaian consumer quite disadvantaged.”

“If Atuabo tells you that the gas they put on the market is cheaper then one would wonder how come it is almost always 20,30,40 pesewas higher than imported gas from Tema.”

COPEC, On May 21, 2020, petitioned the Ministry of Energy to address some issues with Liquefied Petroleum Gas, LPG supplied by the Ghana National Gas Company, which has contributed to an increase in the price of the product in some parts of the country.

Pricing of Atuabo Gas, pressure and quality must be checked – COPEC

Chamber of Petroleum Consumers (COPEC) is demanding an independent public testing of random samples of Liquefied Petroleum Gas (LPG) from retail outlets supplied by the Ghana National Gas Company from its Atuabo Plant.

They are also calling on the company to declare the ratio of Propane to Butane in the LPG produced from Atuabo.

According to COPEC, this will put to rest the quality parameters and standard of liquefied Petroleum Gas (LPG) and the observed high pressures from gas supplied by the Ghana National Gas Company.

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