Audio By Carbonatix
We have no plans of removing subsidies on petroleum products for now. That’s the assurance from Deputy Finance Minister Fiifi Kwetey.
It costs government about 60 million Ghana cedis a month to subsidize petroleum products. The IMF is currently asking government to scrap the policy because it’s not benefiting the targeted poor.
But Fiifi Kwetey tells JOYBUSINESS government is rather looking at how the policy could be maintained whiles ensuring it doesn’t become a drain on its finances.
The IMF however argues that the country could be saving over 150 million cedis every month if it removes subsidies on petroleum products
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
22 minutes -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
27 minutes -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
1 hour -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
1 hour -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
1 hour -
The rise and rise of Azigi
1 hour -
Is Angela List being targeted? Government must reconsider the Adamus revocation
1 hour -
Bezos-backed consortium buys a third of Liverpool
1 hour -
Galamsey is becoming a national survival issue – Annoh-Dompreh
1 hour -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
2 hours -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
2 hours -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
2 hours -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
2 hours -
A Plus dismisses claims poor English explains his limited role in Parliament
2 hours -
Unauthorised drone flights banned at Manhyia Palace
3 hours