7 February 2013

Cameroon: CSPH Staff Urged to Continue Hardwork

Staff of the Hydrocarbons Price Stabilisation Fund (CSPH) have been congratulated for a remarkable performance in 2012 that saw the fulfilment of the institution's traditional mission of price regulation and supply of petroleum products.

Addressing the crowd of workers and CSPH's social partners on Wednesday, February 6, 2013 in Yaounde while receiving New Year wishes, the General Manager of CSPH, Ibrahim Talba Malla, encouraged them to place the year 2013 under the banner of continuity, serenity and the firm will to consolidate achievements. He recommended commitment, determination, professional conscience, team spirit, common vision and values of progress.

He underscored the difficult global economic environment in 2012 such as increase in the value of the American dollar and increased crude oil prices to situate CSPH's efforts to continue the normal supply of Cameroonian markets with petroleum products. This, he said, was amidst increasing national consumption of fuel and domestic gas. "The State spent over FCFA 300 billion to subsidise market prices while CSPH imported 62,470 metric tonnes of liquid and gaseous fuel for over FCFA 22 billion for the well-being of our consumers," he said. He spoke of the continuation of organisational and technical reforms, staff training as well as respect for standards, ethics and best practices in financial accounts management and internal audit.

Speaking earlier on, the First Technical Adviser, Emmanuel Alam, presented a balance sheet of activities undertaken in 2012, lauded staff for extracurricular sports achievements and successful take-off of two pilot CSPH filling stations. The ceremony was given colour by musical performances.

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