Business News of Thursday, 11 March 2021Source: www.ghanaweb.comLack of price clarity cause of regional market woes in West Africa – James GooderJames Gooder, Vice President in Charge of Crude Oil at Argus MediaThe Vice President in Charge of Crude Oil at Argus Media James Gooder has stated that there should be clarity in terms of prices for petroleum products in Africa to make regional markets visible enough for growth and development. James Gooder noted that the region has a large and growing market for refined products particularly gasoline but other products such as diesel and LPG rely heavily on imports thus the need for transparency. He was speaking at the virtual ceremony for the 2021 Ghana International Petroleum Conference (GhIPCON). “You have refineries but they are not sufficient in terms of skills or operability, to meet the growing demand of your domestic market. Explaining the repercussions Mr Gooder said the lack of clarity leaves regional buyers and producers as well as consumers at a disadvantage.

Source: GhanaWeb March 11, 2021 13:52 UTC