Pay New Fuel Prices Or Use Public Transport - GIMPA Lecturer

A financial management consultant and lecturer at the Ghana Institute of Management and Public Administration (GIMPA), Kwabena Ntiamoah, has backed government�s removal of subsidies from fuel prices. He told Citi News it would be unwise for government to continue pumping millions of dollars into subsidies when other sectors of the economy are in dire need of cash to survive. �As Ghanaians, we don�t need to go for IMF or World Bank loans if we can manage our own resources. We can do that if we should pay for our own fuel,� Ntiamoah said. �Nobody is in business to have someone pay for the cost of running their business; a business man should be ready to pay for their own costs and this applies to Ghanaians,� Mr. Ntiamoah suggested. He said the current price of fuel in Ghana is far below what is paid in Nigeria and the United Kingdom. He thus added that it is practical for the average Ghanaian to patronise the public transport because it is financially less strenuous.�As an above average Ghanaian, you may be paying the full price; therefore once you have decided that you can�t go to work by the trotro, you must be ready to pay for it,� he added. Mr. Ntiamoah said views that the fuel price increases could suffocate the nation�s private sector are misleading.