• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, August 14, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

Trader scheme will insure drivers and average Ghanaians- COPEC

Maynard Championby Maynard Champion
March 10, 2021
Reading Time: 3 mins read
Add as Preferred on Google
Executive Secretary of Chamber of Petroleum Consumers (COPEC), Duncan Amoah

Executive Secretary of Chamber of Petroleum Consumers (COPEC), Duncan Amoah

Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers has indicated that the Trader scheme policy, yet to be launched, is intended to protect the interest of fuel consumers.

According to him, issues of sale of adulterated fuel products by some OMCs will be resolved with the policy.

Also, he disclosed the scheme in partnership with the Ghana Standards Authority will deal with negligence of fuel station attendants.

“What this trusted trader scheme does, is to put in place insurance for the trotro driver and the average Ghanaian user. In case you buy fuel from any of these outlets and there are challenges, the liability doesn’t even go to the outlet. A scheme is in place with an insurance package that says you’ve suffered damages because something wrong was occasioned and so there is compensation already in there for you.

“What that also means is that those stations that sign unto the trader scheme are simply going to be on 24-hour surveillance, so they do not do the wrong thing”.

Duncan Amoah
Complaint by fuel a consumer

Emmanuel Boateng, a sales executive, tells of his car being fed Petrol instead of diesel at a fuel station.

ADVERTISEMENT

As a result of the mix-up, his car was damaged and had to be fixed. Emmanuel reckons the move by COPEC is timely and could have averted his unfortunate incident.

 “It would have been so good, it would have made a huge difference. Because I wasted about GHS400 because I paid the mechanic and the fuel, that is the half-tank that got wasted. It would have made a huge difference and I wouldn’t have wasted that much”.

Users of fuel have been disenfranchised by the actions of several Oil Marketing Companies. The actions of such OMCs still come with no form of compensation for owners and drivers who are affected.

Petroleum industry urged to engage in partnerships

Meanwhile, Vice President, Dr. Mahamudu Bawumia, has called on petroleum industry players in Africa to consider partnerships.

His call follows the protectionists move adopted by some major oil producing countries and the emergence of the global covid-19 pandemic.

According to the Vice President, the establishment of such facilities will help the continent to be self-reliant. Dr. Bawumia reckons when national oil companies may not be able to meet the demand of the continent, it will suffice.

ADVERTISEMENT

He made the call during a virtual petroleum conference hosted by the Chamber of Bulk Oil Distributors.

“The outbreak of covid-19 and the further protectionist policies by the major oil producing countries is a wakeup call to all of us in Africa that we should collaborate to build assets- petroleum assets like refineries for the continent.

“Sometimes national oil producing companies could not meet the large volumes. But if we collaborate as sector players, there will be a possibility of supplying to the continent”.

Dr. Bawumia

COPEC requests for quality appointment in energy sector institutions

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: ConsumersCOPECFuels stationsPetroleumTrader scheme
Please login to join discussion
Previous Post

Ghana attains 85% national electricity access – Prez

Next Post

DG calls on COVID-19 vaccine manufacturers to increase production in developing countries

Related Posts

Transmission. Lines
Extractives/Energy

Transmission-Line Damage Triggers Encroachment Warning

August 14, 2026
Finance Minister with other Stakeholders
Extractives/Energy

Finance Minister Signs Landmark GANRAP MoU for Reserves Accumulation

August 13, 2026
A picture showing the Energy and Green Transition Minister, John Abdulai Jinapor, a refinery, solar panels and grid lines
Extractives/Energy

Ghana’s Energy Hub Vision Needs Regional Reform

August 13, 2026
Refined Gold
Extractives/Energy

Competitive Gold Pricing Stopped Smugglers But Caused Cedi Shortfall – Expert

August 13, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Waya

Shatta Wale Officially Launches Waya Messaging App Nationwide Today

August 14, 2026
GSE Hits GH¢4.45m Turnover as Trading Volume Soars

GSE Hits GH¢4.45m Turnover as Trading Volume Soars

August 14, 2026
Flags of North Korea, rear, and South Korea, front, flutter in the wind as pictured from the border area between two Koreas in Paju, South Korea, on Aug. 9, 2021.

North Korea Warns Of New Deterrent Over US-South Korea Drills

August 14, 2026
Reform UK Leader, Nigel Farage

Nigel Farage Defeats Count Binface to Retain Clacton Seat

August 14, 2026
Cecilia Abena Dapaah, Former Minister of Sanitation and Water Resources

AISS Director Questions Cecilia Dapaah’s Role In Vetting Process Of NPP

August 14, 2026
ADVERTISEMENT
Next Post
DG calls on COVID-19 vaccine manufacturers to increase production in developing countries

DG calls on COVID-19 vaccine manufacturers to increase production in developing countries

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.