Solomon S.A Kotei, General Secretary of the Industrial and Commercial Workers Union (ICU) has said government’s intended deregulation of the petroleum sector will only worsen the plight of poor Ghanaians.

“I am not convinced this will improve the system as government has said,” he said.

He claimed the new introduction suggests an insensitive government who doesn’t care about the already over-burdened Ghanaian.

On Kasapa FM’s Anopa Kasapa morning show Wednesday, the ICU General Secretary argued that the possibility of market forces taking advantage of the new policy was high.

His Union he told host Fiifi Banson intends to meet on the policy, so it could properly communicate its position regarding the planned reforms.

The National Petroleum Authority (NPA) has announced the start of full deregulation of petroleum products from June 15, 2015. This simply means the NPA will not be involved in the pricing of petroleum products effective June 15, 2015.

Importers, Bulk Oil Distribution Companies (BDCs), and Oil Marketing Companies (OMCs) will be allowed the free hand to price their own products.

By: Jonathan J. Adjei/