Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has disclosed that the Authority has secured a deal with the Bank of Ghana to give bulk oil distribution companies lower rates of dollar.
Dr. Abdul-Hamid hoped the deal lead to a decline in the prices of petroleum products in the country in the coming days.
He said the deal was struck to regulate the forex effect on the pricing of petroleum products realising the current economic situation of Ghanaians.
“We have secured a deal with the Bank of Ghana to give bulk distribution to companies at lower rates of the dollar,” he noted.
The NPA CEO also said, in the next three months, there will be a regular supply of the products in the country.
The visit was to introduce themselves to the Awoamefia and the Anlo chiefs and seek their wisdom and support in running the NPA.
He appealed to the Board to make premix fuel available to people along the coast because the scarcity of the product has been affecting the fishermen who depend on it for their work.
Chief of Anlo land present at the meeting was optimistic that issues regarding petroleum will improve with time.
Dr. Mustapha Abdul-Hamid later visited the tomb of the late former Minister in the Kufour administration, Major Courage Quashigah.
Ace journalist, Kwame Sefa Kayi, Bernard Owusu who are both members of the board, Communications manager, Mohammed Abdul-Kudus and Volta Regional Director for NPA, Rashid Dauda as well as Faisal Ibrahim Cisse were with Dr. Abdul-Hamid.