John Jinapor, the member of parliament for Yapei Kusawgu, has encouraged Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), to concentrate on fixing the depreciation of the Cedi in order to reduce the rising cost of fuel rather than promoting discussions in advance of the elections scheduled for December.
Jinapor made these remarks in reaction to the most recent increase in the cost of petroleum products.
The Yapei Kusawgu recently accused the administration of causing financial loss to the state by failing to carry out the gold-for-oil program, which was meant to stop the ongoing rise in fuel costs, in an interview with journalists.
“The managers of the economy have to sit up. And clearly, the Bank of Ghana is losing it. While the Bank of Ghana is spending millions of Cedis and dollars on the gold-for-oil programme, the currency is not stabilising.
“The Cedi is depreciating, fuel prices are going up, cost of living is going up, and everybody is suffering. But worst of all, wages and salaries are stagnating. Wages and salaries are not going up. The managers of the economy have lost it.
“And I think that Dr. Bawumia, instead of calling for a debate, should rather spend some time concentrating on managing the economy. He should stop the unnecessary call for a debate, do his work as the head of the economic management team and ensure that we deal with the ever-rising cost of fuel.
Source: Mybrytfmonline.com/Joseph Asare
