The Board Chairman of the Chamber of Oil Advertising Corporations (COMAC) has referred to as for a complete withdrawal of the Cylinder Recirculation Mannequin (CRM) by the Nationwide Petroleum Authority.
In line with him, the CRM in its present state just isn’t favorable to companies and can thus collapse most indigenous corporations within the Liquified Petroleum Gasoline (LPG) trade if allowed to remain.
Talking on the just-ended maiden Downstream Petroleum Dialogue, Mr Kumi who additionally doubles because the Vice President of the LPG Entrepreneurs Affiliation mentioned the coverage has failed and subsequently have to be abolished.
“It is apparent that the outdated strategy has not labored and it is not going to work. Now we have at all times mentioned that we can’t cease the federal government from implementing its insurance policies however your coverage should not come to destroy the funding of Indigenous Ghanaians”.
Mr. Kumi had earlier instructed Pleasure Enterprise that his outfit which is a key stakeholder within the trade was not adequately engaged earlier than the CRM was launched.
“We haven’t actually seen the sensible implementation of the coverage on the grounds. The programme has failed”.
He identified that members of the petroleum downstream sector will oppose any coverage detrimental to the expansion of the trade.
“Any try and push Indigenous Ghanaians who’ve constructed the trade for over 30 years apart within the title of introducing a coverage can be fiercely and fearlessly resisted. That one I have to guarantee you
“We’re able to cooperate, we’re prepared to have interaction so on the finish of the day if we’re referred to as for any engagement on CRM we’ll be able to go”, he added.
The dialogue was beneath the theme “Ghana’s Downstream Oil and Gasoline Sector, Challenges and Alternatives”. It goals to handle some challenges dealing with the downstream petroleum trade.
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