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General News of Friday, 4 April 2014

Source: citifmonline.com

Blame Mahama’s incompetence for economic challenges – KT Hammond

The Minority Spokesperson on Energy, KT Hammond, has criticised government over the recent hikes in petroleum products and utilities.

The National Petroleum Authority (NPA) recently increased prices for various petroleum prices. Petrol went up by 7.06percent, diesel by 5.25 percent and Liquefied Petroleum Gas (LPG) by 4.74 percent.

According to Mr. Hammond, who also is the MP for Adansi Asokwa, the current economic challenge the country is facing is a result of the incompetence of the Mahama administration.

“Why should petroleum prices be consistently increased? Why should we be subjected to the incompetence of the administration and the economic mismanagement of this country? It is simply this; someone is not managing our cedi well,” he lamented.

In his opinion, things can only change if government fixes the exchange rate battle between the cedi and its foreign exchange partners.

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