Published On: Tue, Feb 10th, 2015

Ghana traders appeal for fuel price reduction

Refilling petrol tank

Refilling petrol tank

ACCRA – THE Ghana Union of Traders (GUTA) has urged government to lower fuel prices in line with the reduction of prices globally.

GUTA President, George Ofori, said the reduction of the price would be an alternative solution to the ongoing energy crisis in the West African

Ghana is experiencing load shedding owing to poor electricity distribution.

“Now that we are having the energy crisis, we were thinking that we were
lucky when the crude prices in the world market was reduced to $50 to $45 per barrel,” Ofori said.

“Prior to that it was $113 to the barrel and if it has reduced, we think
that the price of fuel should have been brought down to about GH¢5 to GH¢6 as the indicators shows,” Ofori added.

He said the constant power failures were putting undue pressure on
Small-to-Medium Enterprises (SMEs) around the country.

CAJ News





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