Finance

Why Cartels, political cronies ‘hijack’ premix fuel; fisherfolk don’t benefit

He asserted that certain cartels and individuals close to power within the marine value chain tend to benefit more than local fish farmers.

In an exclusive interview with GhanaWeb Business, the energy expert said; “With respect to subsidies, I think that the only product subsidized for us locally has been the premix, which is used to support fishermen or people who engage in certain domestic marine activities.”

“I think that these premix subsidies that we give to some of these fisherfolk or fish farmers do not benefit them but rather benefit certain cartels or perhaps some political cronies within the value chain, because there’s a lot of leakage when it comes to premix subsidies in Ghana. Some corrupt politicians are benefiting, while these fishermen are not,” Ben Nsiah added.

The National Premix Fuel Committee (NPFC) Regulations, 2016 (L.I. 2233), instruct the Landing Beach Committee (LBC) to undertake developmental projects within the community using profits from the sale of premix fuel, of which 53 percent is allocated for community development.

The prices of fish mostly increase due to the shortage of premix fuel.

It is worth recalling that the previous government introduced digital canoe identification cards to streamline the process of purchasing premix fuel, thereby addressing the stress, hoarding, and challenges in fuel acquisition.

The new digital system aims to enable fisherfolk to directly access the quantity of premix fuel they require at the pumps using their digital canoe identification cards, which are linked to their vessels.

The data generated will be essential for re-ordering, while each order is monitored and measured against timelines to enhance delivery efficiency.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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