Audio By Carbonatix
The former Deputy Power Minister, John Jinapor has questioned government’s commitment to cushioning the general public against the effects of the hikes in fuel prices.
His query comes after the National Petroleum Authority (NPA) announced a suspension of the price stabilization fund and the recovery levies for the next two months to ease the burden on consumers.
The NPA, however, added that it will require the approval of Parliament to effect the changes that will bring the expected relief.
But the Yapei-Kusawgu legislator disagrees with the Authority.
According to Mr Jinapor, government can make use of the stabilisation fund which does not require parliamentary approval.
“The essence of the Price Stabilisation Levy is to accumulate money so that when there is an increment that we are expecting, you can fall on that to cushion consumers. I am surprised that the NPA says that they are waiting for Parliament to resume,” he said.
The former deputy Power Minister further asked the NPA, “How much do you have in the Price Stabilisation Levy? And how many weeks, days, or months can that amount cushion consumers?
On Wednesday, October 13, the Oil Marketing Companies (OMCs) and the NPA announced that prices of fuel will be adjusted upwards by at least by 7 per cent at the pumps come Saturday, October 16.
This development has raised a lot of uproar among a section of Ghanaians.
Latest Stories
-
“No Nation is Inferior”: Mahama champions human dignity and security council reform at the UN
9 minutes -
Manhyia South residents, NPP executives fume over botched EOCO arrest of MP
19 minutes -
Mahama unveils new deal with global philanthropy
26 minutes -
Daily Insight for CEOs: Building customer-centric leadership
34 minutes -
Democracy must deliver food, jobs and healthcare, not just elections – Mahama
34 minutes -
Capacity constraints must never be a barrier to restitution – Mahama
35 minutes -
COMAC pushes for suspension of sections of Customs Act 2026
37 minutes -
Mahama calls for Great African Museum to anchor continent’s heritage revival
40 minutes -
Mahama cites return of Mpomponsuo sword as model for restitution
41 minutes -
Mahama: Africa must inherit more than the story of what it lost
43 minutes -
Mahama pushes for permanent UN system for restitution of African artefacts
45 minutes -
Ghana is arguably Africa’s most stable democracy, says Mahama
46 minutes -
Mahama calls for investment in Africa’s cultural infrastructure
46 minutes -
‘Africa’s cultural heritage story must continue with its return’ – Mahama insists
50 minutes -
Some reporters denied White House access despite judge overturning Trump media ban
50 minutes