By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
News

Premix Fuel Subsidy Under Tight Scrutiny as Gov’t Moves to Curb Diversion in Fisheries Sector 

The Ministry of Fisheries is stepping up action against diversion of premix fuel subsidies meant for fisherfolk. The Chamber of Oil Marketing Companies has called for tighter controls, warning of resale and misuse. The Ministry says it is tracking offenders with the Premix Fuel Secretariat and supporting prosecutions to protect access for genuine beneficiaries.

George Asamoah
May 29, 2026

The Ministry of Fisheries and Aquaculture is curbing diversion and misuse of premix fuel subsidies, as authorities move to safeguard state support aimed at reducing operational costs for Ghana’s small-scale fishing sector and sustaining livelihoods in coastal and riverine communities.

The intervention arises from growing concerns that subsidised premix fuel, intended to support canoe operators and artisanal fishers, is being diverted and resold on the open market at inflated prices, thereby undermining both fiscal efficiency and the developmental purpose of the subsidy programme.

The Chamber of Oil Marketing Companies, led by Chief Executive Officer Dr. Riverson Oppong, raised the issue during a courtesy call on Fisheries Minister Emelia Arthur, warning that the system is being weakened by “diversion, hoarding and unregulated resale” of fuel meant for fisherfolk. He emphasised that the subsidy was intended to ensure the affordability and continuity of fishing operations, but noted that misuse has distorted access and created profit-driven leakage within the distribution chain.

Premix Fuel Subsidy Under Tight Scrutiny as Government Moves to Curb Diversion in Fisheries Sector

Oppong called for tighter enforcement and closer institutional collaboration, describing the situation as requiring “decisive compliance measures” to protect the integrity of the premix distribution system and ensure that intended beneficiaries are not excluded.

In response, the Minister emphasised the government’s resolve to protect the subsidy architecture, noting that the Ministry, together with the Premix Fuel Secretariat, is already engaged in tracking and arrest operations targeting offenders. She further indicated that the Fisheries Enforcement Unit (FEU) will continue to support prosecutions as part of efforts to deter illegal activity and strengthen oversight.

READ ALSO

Ghana’s 70% Local Drug Production Target Faces Financing, Skills Gaps
Ghana’s 70% Local Drug Production Target Faces Financing, Skills Gaps
Ghana Bankers’ Institute Targets Fraud, Bad Loans as New Council Takes Office
Only 22% of Ghanaians Are Financially Healthy: Queen Máxima to Help Close Gap

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Gov’t Courts Chinese Investors At Jinan Forum To Boost Industrialisation Drive 
Next Article Sunbeth To Build 150,000MT Cocoa and Cashew Processing Plants by 2027
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Google value plunges by $500bn as its own AI search hits ad sales
Google value plunges by $500bn as its own AI search hits ad sales
Innovation
GNCCI President Pledges Stronger Advocacy, Trade and Business Growth
News
Nuclear Power Could Reshape Ghana’s Energy Mix as IEA Supports Investment Readiness
News
EU-Ghana Agribusiness Exhibition and Forum 2026 Closes with Ghanaian Brands Eyeing Bigger European Markets
News
Two Ghanaian ‘Chairmen’ Plead Guilty in US$100m Romance Scam and Business Email Fraud Conspiracy
Two Ghanaian ‘Chairmen’ Plead Guilty in US$100m Romance Scam and Business Email Fraud Conspiracy
Legal Insights News

You May Also Like

Gold Fields Transforms Tarkwa Stadium with US$16M Investment

GOIL Boss Calls for Fair Fuel Import Permits to Strengthen National Service

GOIL Charts Path Toward Digital Innovation and EV-Ready Fuel Stations

MPC Decisions Must Safeguard Recovery While Supporting Growth – BoG Governor Dr. Asiama

MPC Decisions Must Safeguard Recovery While Supporting Growth – BoG Governor

Gov’t Takes Traffic Enforcement Digital With Over 47 Offences Under Traffitech 

Africa Must Define Its Own Digital Future – Experts Urge at MOBEX Africa Tech Expo 2025

IFS Flags Gaps in Government’s Reporting of NIB Recapitalization Support

IFS Flags Gaps in Government’s Reporting of NIB Recapitalization Support

Ghana Charts Future for Automotive Industry with Revised Policy

Ghana Charts Future for Automotive Industry with Revised Policy

Savannah Region Ranked Good for Entrepreneurial Activities in Ghana

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d