{"id":654383,"date":"2019-07-11T09:56:26","date_gmt":"2019-07-11T09:56:26","guid":{"rendered":"
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The Vice President has said the digitisation agenda of the Akufo-Addo regime will soon extend to the distribution of premix fuel so as\u00a0to increase the efficiency of its delivery to fishermen.<\/p>\n

Dr Mahamudu Bawumia said introducing digital technologies in premix distribution will ensure that fisherfolk, for whom the product is subsidised and provided for, actually get it.<\/p>\n

Vice President Bawumia stated this when he gave the Opening Address at the 3rd Ghana International Petroleum Conference (GhipCon) in Accra on Wednesday.<\/p>\n

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\u201cWe have to increasingly leverage the digital technologies that are available to increase efficiency in the downstream petroleum sector. One of the areas that we have been discussing and have taken a decision on is, for example, the distribution of premix fuel in Ghana amongst the fishermen,\u201d he disclosed. <\/p>\n

\u201cThis is an area that has really been a challenging one because there are subsidies to premix fuel, and whenever there are subsidies, the distribution of the product tends to create economic rents.\u00a0<\/p>\n

\u201cAnd when it creates these rents all sorts of people come in the middle and the fishermen, for whom this is designed, ultimately don\u2019t even get the product because the products are smuggled and sold to other people who may not even be fishermen at higher prices,\u201d he said.<\/p>\n

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The Vice President said government has for some time now and has\u00a0decided that the best way to deal with this is to digitise the process so that government can be able to direct the subsidy to each boat that is registered. <\/p>\n

\u201cWe\u2019ve registered all the boats and we will implement a digitisation process in the distribution of premix in Ghana soon, and we hope to extend it also to fertilizer in the next year as well. Digitisation will also end the politicization of premix distribution,\u201d he said.<\/p>\n

Dr Bwumia assured stakeholders in the petroleum downstream industry that government will create an enabling environment for downstream business to thrive competitively, efficiently and with the highest of safety standards.<\/p>\n

\u201cGovernment, through the Ministry of Energy is in the process of ensuring institutional and regulatory re-alignment of the midstream gas subsector to bring clarity and a degree of certainty to players within that subsector. <\/p>\n

\u201cThe Minister for Energy would soon conclude the process of realignment and commence the process of legislative consolidation of the Gas Master Plan into a Gas Act. The proposed Gas Act will provide an enabling environment and appropriate incentives for investors,\u201d he said.<\/p>\n

This year\u2019s conference, organised under the auspices of Energy Ministry\u00a0and the National Petroleum Authority (NPA), is under the theme \u201cRegional Collaboration; A Catalyst for Transformation\u201d, and being attended by stakeholders in the petroleum sector in the West Africa sub-region.<\/p>\n

Source: GNA<\/p>\n<\/p><\/div>\n