Tag: COPEC
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We’ll oppose any plan to increase transport fares – COPEC
As fuel prices at the pump continue to rise, the conversation about whether or not to increase transportation prices is gradually coming up. Prices of fuel have gone up by up to 12 pesewas at some stations. But the Executive Secretary of the Chamber of Petroleum Consumers, COPEC, Duncan Amoah says his outfit will kick…
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Devise measures to stop fuel price increment – COPEC to government
The Chamber of Petroleum Consumers (COPEC) has asked the government to introduce measures to stop the increase in fuel prices. According to the Chamber, fuel prices have shot up from GH¢4.67 to GH¢5.10 per litre within the spate of a month. The Chamber said although these increases cannot be directly attributed to a deliberate governmental…
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Government must appoint only qualified persons to energy sector boards – COPEC
The Chamber of Petroleum Consumers (COPEC) has called on the government to ensure that only persons with requisite knowledge and expertise are assigned to manage the various energy sector institutions. A recent circular from the government on January 7, 2021, had indicated a dissolution of the various boards and corporations in accordance with the country’s…
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Don’t impose taxes on fuel after 2020 elections – COPEC cautions government
The Chamber of Petroleum Consumers (COPEC) has called on government to ensure it desists from introducing new taxes on petroleum next year. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah said, whichever party that wins the upcoming elections should desist from the act as it greatly inconveniences the average Ghanaian. He stated…
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Revamp TOR to ensure investor confidence for petroleum hub – COPEC to Government
The Chamber of Petroleum Consumers (COPEC) says government must get the Tema Oil Refinery up and running if it hopes to attract funding for its planned petroleum hub. Executive Secretary of COPEC, Duncan Amoah, says the current state of TOR will not boost investor confidence to raise funds for the petroleum hub. He stated that,…
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Address fuel smuggling in budget presentation – COPEC to Gov’t
As the Minister of Finance prepares to read the budget today, October 28, 2020, the Chamber of Petroleum Consumers (COPEC), says it expects to hear government’s plans to end fuel smuggling in Ghana. Although government has made some efforts to address the challenge, the chamber says the problem persists, causing the country to lose revenue.…
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Fuel prices to reduce marginally towards end of 2020 – COPEC predicts
The Chamber of Petroleum Consumers, COPEC, has predicted that fuel prices in Ghana will continue to drop marginally for the rest of the year. The Chamber believes that based on happenings on the international oil market, consumers can expect to purchase fuel at reduced prices. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan…
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COPEC predicts marginal decrease in fuel prices
The Chamber of Petroleum Consumers (COPEC) is predicting a marginal decrease in prices of fuel at the pump. This reduction should be expected by the end of September, according to COPEC. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah, said consumers should expect either one or two percent reduction in prices of…
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Save TOR from collapsing – COPEC urges government
The Chamber of Petroleum Consumers (COPEC) is calling on government to invest in the Tema Oil Refinery (TOR) to prevent it from collapsing. According to COPEC, per its investigations the situation at the refinery is dire and maintaining its day to day operations is a challenge. Speaking to Citi Business News, Executive Secretary of COPEC,…
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Widen tax net to make up for oil revenue shortfalls in mid-year budget – COPEC to Gov’t
The Chamber of Petroleum Consumers Ghana, COPEC, says government would have to be more serious about broadening the tax net especially by capturing the informal sector if it hopes to make up for the revenue shortfalls created by fallen crude oil prices. According to COPEC, the COVID-19 pandemic has presented an opportunity for government to…