A former deputy Minister of Finance George Kweku Ricketts-Hagan has dismissed the claim by government that it was not in the position to halt the increase in fuel prices.
According to the Cape Coast South MP, the government’s stance on the fuel prices is exposing its uselessness.
Government has argued that it is not in the position to subsidize fuel prices because Ghana was a net importer of crude.
George Kweku Ricketts-Hagan however says the stance by the government is not backed by the facts and would only worsen the Ghanaian economy’s current decline.
He told Sena Nombo in an interview on the Gold Morning Conversation, fuel is the major driver of the inflation that has left Ghanaians struggling to fend for themselves.
The Cape Coast South MP argues that the economic conditions of Ghanaians would worsen if government does not act to mitigate the increasing fuel prices.
The former deputy Finance Minister said government can take advantage of the windfall from increasing crude oil prices on the international market.
Source: Radiogoldlive.com
