Business News of Sunday, 23 February 2020Source: www.ghanaweb.comGOIL’s 0.2% fuel reduction a joke – Alex MouldAlex Mould , Former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC)Former CEO Ghana National Petroleum Corporation Alex Mould has called government out on its recent fuel price reduction. According to the former petroleum boss, GOIL's percentage price drop is insignificant as the price of oil on the international market has fallen hugely. “Oil prices down 7.5%, cedi appreciates from 5.7 to 5.3 nearly 7.5% and fuel prices reduced by less than 0.2%. His tweet comes on the back of the Ghana Oil Company Ltd, GOIL, announcing a reduced fuel price at all its retail outlets with effect from Saturday, February 22, 2020. The price change is in line with the drop in international petroleum prices and relative stability of the cedi.
Source: GhanaWeb February 23, 2020 14:26 UTC