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Business News of Monday, 17 April 2017

Source: Classfmonline.com

OMCs selling premix increased to 9 - Bawumia

Vice President Dr Mahamudu Bawumia has announced that government has rolled out a programme to up the number of oil marketing companies (OMCs) distributing premix fuel.

Dr Bawumia, who was presenting a speech in Accra at a town hall meeting to mark the first 100 days of Mr Akufo-Addo’s government on Monday, April 17, explained that government aimed to spread the allocation of premix fuel to more OMCs.

“Previously, only two OMCs were allowed to sell premix. As part of government’s efforts to ensure transparency and stamp out corruption, we have increased the number to nine,” Dr Bawumia said.

This he said was an intervention to help fisherfolk in the country.

Enumerating other interventions for the sector, he indicated that government had halted the issuance of fishing licences to stop overfishing.

In addition, he said watchdog committees had undergone training to “fight the menace of light fishing along the coast”.