BoG must give special forex concessions to fuel importers to mitigate price hikes
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BoG must give special forex concessions to fuel importers to mitigate price hikes


Summary short_text

The Chamber of Petroleum Consumers is proposing that the Bank of Ghana should give concessionary dollar rates to fuel importers in Ghana.

The depreciation of the Cedi against the dollars also plays a role in the narrative, and the Chamber of Petroleum consumers believes the Bank of Ghana must begin giving special forex provisions for importers of fuel into the country to help control the price of the commodity at the pumps.

As part of efforts to check the hike in the price of fuel, President Akufo-Addo granted permission to the National Petroleum Authority to zero the Price Stabilisation and Recovery Levies on petroleum products for two months.


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