Minority urges Gov’t to use Ghc 8bn oil profit to cushion Ghanaians

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The minority in parliament is requesting that the government take action right away to protect the nation’s consumers of petroleum goods.

The NDC MPs claim that as a result of the conflict between Russia and Ukraine, the government has gained above-average earnings from the selling of crude oil.

Speaking to the media in Parliament, Minority Mines and Energy Spokesperson John Jinapor said that the government had received more from the windfall on oil than had been anticipated by PIAC.

Even though the government expected to get GHC6 billion in petroleum income in 2022, he said that the Russia-Ukraine war had already brought in more over GHC8 billion in just three months.

In order to relieve the suffering of Ghanaians, Mr. Jinapor is pleading with the government to utilize a portion of the earnings to subsidize petrol costs.

“We are in a difficult time. Some have said that we are in a deep hole. Life and living conditions are getting unbearable.
“People are going through excruciating poverty. People cannot even make ends meet. So one will have thought that after the national address by the President things will begin to cushion or cool down. It is sad to note that fuel prices today are going through the roofs,” the legislator said.

He said that the price of petrol, which was GHC6.5 per liter at the start of the year, had now escalated by more than 300%.

“Within a year or less. In fact, he said, “fuel costs more now than even the minimum wage.
Mr. Jinapor went on to call the claim that the government doesn’t benefit financially from the country’s oil wealth a misconception.

“I therefore request that President Akufo-Addo and the outgoing Minister of Finance take action to stop the price increase. They should sit down and use these enormous, above-average earnings to support the average Ghanaian, he said.

Source: Ghanatodayonline.com

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