CRM: Favouring foreign companies over locals risks killing 10k jobs, destroying $400m investment – LPG marketers warn NPA

Liquefied Petroleum Gas marketers are warning of an impending loss of 10,000 jobs in the industry if the National Petroleum Authority (NPA) does not review its handling of the model.

In a statement, the LPG Marketers Association (LPGMC), Ghana LPG Operators Association (GLIPGOA), and Gas Tanker Drivers Association (GTDA) bemoaned the NPA’s unfavourable treatment of the local players by excluding them from the final implementation phase of the CRM.

According to these groups, foreign and semi-foreign companies are being given preferential treatment to the detriment of the local players – a situation they warn could spell doom for the local market.

Contrary to the NPA’s assertion that they are not being cooperative, the local marketers noted: “If cooperation in our regulator’s view means we allow an industry built by indigenous Ghanaians to be handed over to foreign and semi-foreign companies, then we cannot cooperate.”

“That will mean rendering over 10,000 Ghanaians unemployed and destroying over $400 million in investments made by indigenous Ghanaians in the LPG downstream sector, a situation that can have dire consequences for our country.”

Source:classfmonline.com