Another Fuel Price Increase Will Be Disastrous

Speculations last week were rife regarding a possible increase in the pump price of petroleum products, especially Premium Motor Spirit (PMS), otherwise known as petrol, this was about the fourth increment alone this year.

The ripple effects of the previous increases have not quite settled as consumers are struggling to cope with their inflationary spirals. These include the increase in prices of almost all consumables across all sectors of the economy.

Before the coming into office of Nana Addo led administration, Ghanaians were made to believe that, the previous government was insensitive to their plight giving the harrowing pains they were going through in the face of the down turn in the economy.

Perhaps, it is pertinent at this point to let the new administration know that those with sadistic propensities will contemplate an addition to the burden Ghanaians bear, as they strive to eke out a living in the present circumstances.

The increases are as a result of the foreign exchange challenges, they are other economic variables, but the one pushing the price up, so rapidly and consistently is the depreciation of our currency against the dollar.

The government must as a matter of urgency come up with a workable and sustainable solution to arrest the free fall of the cedi.

We have not forgotten the how hard the current administration came on the John Mahama led one.

Ghanaians haven’t listened to their arguments and solutions they put forward voted for them, to help ameliorate the problems they listed.

The government should not be adding to their hardship what an increase in pump price of fuel will bring about.

Ghanaians cannot wait until the budget is read next month, what they require now are palliatives to assuage their sufferings.

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