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Business News of Wednesday, 7 February 2018

Source: kasapafmonline.com

We’ll hit government with another demo soon – COPEC

Some members of the Chamber of Petroleum Consumers embarking on a protest play videoSome members of the Chamber of Petroleum Consumers embarking on a protest

The Chamber of Petroleum Consumers, Ghana (COPEC-Ghana) has threatened to cause a nationwide protest should government fail to respond to calls for reduction in the cost of fuel within one week.

They made the pronouncement today after a massive protest in the capital-Accra that saw dozens, including the Industrial and Commercial Workers Union and several transport unions across the country demonstrating to express their displeasure with the fuel hikes.

The demonstration, according to COPEC-GH was to force government to reduce taxes on petroleum products.

Executive Secretary of the Chamber, Duncan Amoah who led the charge indicated they’ll not hesitate to engineer another protest nationwide, if government fails to respond to their plight.

“We’ll want to see the fuel prices go down from tomorrow. If it doesn’t we’ll come back again next week, If it doesn’t we’ll continue until the government listens to the plight of our pocket,” Duncan warned.

Meanwhile the National Petroleum Authority has indicated Wednesday’s demonstration had no basis.

“We do recognise that the right to demonstrate for or against any course is a constitutionally guaranteed one and COPEC will be acting within its right as such.

“We are however of the considered view that the reasons for the intended demonstration are anything but noble having regard to the interventions made time and again by the NPA by way of the Price Stabilisation interventions over the past three months,” said an earlier release from the Corporate Affairs Division of the sector regulator.