Kwesi Pratt Disagrees With NDC . . . Says No To Fuel Price Reduction
The opposition National Democratic Congress (NDC) in a press statement signed by its National Communication Officer, Sammy Gyamfi has asked government to reduce the prices of fuel with immediate effect.
According to the statement, “in line with current happenings on the international and local market, we call on the President to as a matter of urgency, ensure an immediate and drastic reduction of minimum 20% in the pump prices of fuel. Anything short of this should be fiercely rejected by the Ghanaian people. This, we believe, will reduce the extreme economic hardship in the country and ameliorate the plight of suffering Ghanaians.”
The NDC says per prices on the global market, it will be insensitive for government not to reduce fuel prices.
“The NDC is appalled by this display of gross insensitivity by President Akufo-Addo who has consistently flattered to deceive on his promise to reduce fuel prices and all his flagship campaign promises,” the statement added.
However, the Managing Editor of the Insight newspaper disagrees.
Speaking on Friday's edition of Peace FM's morning show 'Kokrokoo', Kwesi Pratt said: "I don’t agree with those saying fuel prices should be reduced, because I think the problem is with the formula for calculating the price rather than the price itself. So what is important is to look at the formula and not the price itself. If you tinker with the price, if care is not taken, in the next six months, it can escalate . . . so it is not the price we should be worried about but the price formula."
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