With the world oil prices of crude fast declining from an average of $ 109 per barrel in January to $ 81. 14 per barrel as of October 14 2014 , it is expected of Government and for that matter it 's agency the National Petroleum
Authority (NPA ) to announce to Ghanaians , the reduction in the prices of petrol and it 's related products. When we consider the haste with which the NPA increase fuel prices during world oil price
upsurge , AFAG wonders why , government has not shown similar faith with respect to the fast declining prices of crude oil on the
international market over the past 3 months. If the cedi is indeed appreciating against the major currencies ( i. e. falling from 3 . 8 to 3 . 1/
$ ), why on earth must we be undermined by Government. We consider this behavior of government as Sub- human and disrespectful. However, Ghanaians acknowledge that, the NDC government in its desperate attempt to make up for lost revenue as a result of massive
and well organized corruption under President Mahama , is leaving no stone unturned to
deprive us of our livelihood through over taxation . We are sick and tired of this high level insensitivity demonstrated by the NDC led John Mahama government . Paradoxically , in 2008 when the world oil prices surged from an average of $ 60 per barrel to $140 per barrel , a gallon of petrol
was 3. 50 pesewas in Ghana . However, in 2014 amidst oil production , and with world oil
prices of crude less than $ 82 as of now, Ghanaians are buying a gallon of petrol at over 15 Ghana cedis . This is rather ridiculous .
AFAG considers this development as a rip - off. The deafening silence by the president is shockingly inappropriate. Mr . President, show
some leadership and concern here. Ghanaians need an economic lifeline . We want fuel price
reduction now !!!! Life in Ghana is hell.
Wednesday, 15 October 2014
Oil Prices Decline: Stop Ripping Ghanaians Off Updated: 15 -Oct- 2014
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