The Association for Oil Marketing Companies (AOMC) says the genuine effect of the gold for oil policy can't be really evaluated as items through the approach represent just 22% of the petrol volumes at the siphons.
This follows remarks by Vice Presodent Dr Mahamudu Bawumia that the policy has brought about a drop in fuel costs and guaranteeing Ghanaians to anticipate a further drop in the following valuing window.
The Association while recognizing the possible effect on the evaluating of the items, noticed that a superior enthusiasm for the effect of the policy will rely upon the approach representing no less than half of the volumes of fuel at the siphons.
In a meeting with Citi News' Hanson Aagyemang, the CEO of the association, Kwaku Agyeman-Duah entrusted partners to pursue expanding the quantity of volumes provided through the arrangement.
"We have not been having a great deal of fuel for everyone on the grounds that the rate for the all out yield isn't that much so not every person can get it. As we talk now, the inventory so far is just around 22% of the market, so 22% won't have such a lot of effect versus the 78% on the opposite side, so it is something slow."
In the mean time, the African Center for Energy Policy (ACEP) has demanded that the new drop in fuel costs is because of a worldwide drop in raw petroleum costs.
As per ACEP, the drop can't be credited to the government's Gold for Oil policy.
ACEP Executive Director, Benjamin Boakye accepts the government shouldn't assume praise for the decrease.
"Assuming you are truly examining how the estimating mechanics work, you would take note of that it doesn't have anything to do with gold for oil strategy. We are seeing costs on the global market drop. Signs are that it is in any event, going to drop further."