• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201201

�Roll Back Fuel Price Increases Immediately�

20-Jan-2012
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The new Independent Progressive Movement wishes to add its voice to that of the TUC and other social partners who have expressed worry over recent increase in the prices of petroleum products.

The increase itself is worrying and so is the timing of it. It is almost as if the Atta-Mills Administration is telling Ghanaians that it has given up trying to find solutions to our numerous problems. It is clear that the administration is counting on some unknown providence during this holiday season to wipe off the negative effects of the price increase before Ghanaians wake up to its real consequences. Fuel prices were increased 15 and 20 percent last week Thursday when the government�s decision to withdraw subsidies on the products took effect.

We are at a loss to understand the type of justification (or is it spinning?) engaged in by Vice President John Dramani Mahama who it has been reported stated that �� it would be unwise to continue subsidizing petroleum products�.

We in the Progressive Movement call on the Atta-Mills Administration to roll back these fuel increases immediately as letting the situation stay as it is will make 2012 a very difficult year right from its beginning. Food prices will go up as transportation prices have already been increased.

Already, the Ministry of Food and Agriculture itself has warned of shortage of maize and other staple food items. We do not believe the Vice President when he says that removing subsidies from petroleum products, he said, would enable government save funds for other important infrastructural projects. The administration he serves in has promised a massive infrastructure boost using the $3 billion Chinese loan. Our oil revenue is also on standby for infrastructure work. So what is the Vice President talking about? Is this not just a failed attempt to pre-empt the political fallout from these petroleum price increases?

This should teach all of us Ghanaians a useful lesson NOT to fall for the empty promises made by politicians such as that of Candidate Mills who in 2008 promised to ��reduce fuel prices drastically�. We are in another election year.

We call on all Ghanaians to examine carefully the individuals who have put themselves up for election to become President of the Republic of Ghana � Dr. Papa Kwesi Nduom, Nana Akufo-Addo and Professor John Evans Atta-Mills. We are confident that Dr. Nduom stands head and shoulder above the other prospective candidates. He will not make promises he cannot keep.

He is needed to bring sanity to our energy situation so that Ghanaians can be the big beneficiaries. The new Independent Progressive Movement is prepared to do everything possible to give Ghanaians an alternative that is progressive and different in a very positive way.

Source: Richmond Keelson 0208135309

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

World Bank Predicts Global Slowdown

Next Post

Ghana Requires Good Financial Governance

 
 

More Stories

Absa Bank Ghana Managing Director Moves On
Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF
Govt Reopens Domestic Debt Exchange Programme
U.S and China Owe Half of World’s $235tr Debts - IMF
Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030
Output Growth Hits 28-Month High In August
Energy Sector Levies Rake In GH¢18.35bn In 7 Years
2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta
GH¢2.9bn Spent On PFJ 1
Next Post

Ghana Requires Good Financial Governance

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Absa Bank Ghana Managing Director Moves On

  • Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF

  • Govt Reopens Domestic Debt Exchange Programme

  • U.S and China Owe Half of World’s $235tr Debts - IMF

  • Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030

  • Output Growth Hits 28-Month High In August

  • Energy Sector Levies Rake In GH¢18.35bn In 7 Years

  • 2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta

  • GH¢2.9bn Spent On PFJ 1

  • Impose Taxes On Alcohol, Cigarettes To Fund Mental Health - Prof. Ohene Advocates

 

 
 

Popular Videos

Peace Power Sports (19/09/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (19/09/2023)

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (TUESDAY 19-09-23)

Kokrokoo Discussion Segment On Peace 104.3 FM (20/09/2023)

Kokrokoo Live On Peace 104.3 FM (20/09/2023)

Entertainment Review On Peace 104.3 FM (19/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media