|
|
|
Front Page
NPP replies NDC On Deregulation
 February 22nd, 2005 -- The New Patriotic Party (NPP) insists that the petroleum price increase was unavoidable. If it had not been affected, Ghana could return to the gloomy past days when people fought to get a gallon of petrol.
Reacting to the National Democratic Congress (NDC) position on the price increases, in the NPP said that the NDC’s stance that there should be no increase in the prices “either deliberately or through ignorance, disregards the facts and realities concerning petroleum products.”
“The NPP government considers the well-being of this country as its first priority and has demonstrated this fact in the past four years. It is not in the national interest that the Government should borrow money to subsidize the price of petroleum products,” it stated.
The statement explained that since the price of crude oil fluctuates, “it does not make economic or political sense to ignore the price of crude oil on the world market in fixing the price of petroleum products in our country.”
Author:
|
