Ghana traders appeal for fuel price reduction

from RUSSELL ADADEVOH in Accra, Ghana
ACCRA, (CAJ News) – THE Ghana Union of Traders (GUTA) has urged government to lower fuel prices in line with the reduction of prices globally.

GUTA President, George Ofori, said the reduction of the price would be an alternative solution to the ongoing energy crisis in the West African country.

Ghana is experiencing load shedding owing to poor electricity distribution.

“Now that we are having the energy crisis, we were thinking that we were lucky when the crude prices in the world market was reduced to $50 to $45 per barrel,” Ofori said.

“Prior to that it was $113 to the barrel and if it has reduced, we think that the price of fuel should have been brought down to about GH¢5 to GH¢6 as the indicators shows,” Ofori added.

He said the constant power failures were putting undue pressure on Small-to-Medium Enterprises (SMEs) around the country.

– CAJ News

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Posted by on Feb 10 2015. Filed under Energy, Featured, Finance, Finance & Banking, Oil & Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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