The minority in parliament has urged the Akufo-Addo- led government to immediately deploy measures to cushion consumers of petroleum products.
According to the NDC MPs, government has made supernormal profits from the sale of crude oil as a result of the Russia-Ukraine war.
The group bemoaned the prices of petroleum products on the Ghanaian market and called for immediate support from the government to tackle the impact on consumers.
Addressing the media in parliament, minority spokesperson on mines and energy John Jinapor disclosed that per figures from PIAC eventhough government projected to receive 6 billion in petroleum revenues for 2022, government has made over 8 billion in 3 months as a result of the Russia-Ukraine war.
Jinapor, therefore, wants government to use part of the revenues to subsidize fuel prices to bring relief to the suffocating Ghanaians.
“It’s sad to note that fuel price today is going through the roofs. At the beginning of the year, fuel that was selling at GHc6.5 per litre has now increased by more than 300%. Indeed today fuel is more costly than the minimum wage.
“I wish to place on record that this government is making so much money from the Russia-Ukraine war. So in three months government has received more than it projected the whole year. So government is making supernormal profit”
Ghanaians are going through an economic crisis, one that has seen the cost of living rise sharply, driving household into the poverty line.
Prices of goods and services continue to increase, as the strength of Ghana’s currency has dropped about 50% since the beginning of the year.
Source: theGhanaianvoice.com