You are here: HomeWallOpinionsArticles2013 02 19Article 265284

Petroleum subsidy claim is fraud

Comment: Re: Petroleum subsidy claim is fraud

Author:
Kofi Asaase Asa--- Mantukwa
Date:
2013-02-18 20:31:07
Comment to:
Re: Petroleum subsidy claim is fraud


Lets I forget, and this is precisely what I wanted to suggest or add to my comment on this exorbitantly lump sum 20% increase in fuel prices.

For example, the minimum wage in United States of America is currently $7.25 per hour. The Obama government ackowleging that this price for labor is unreasonably low, and in its attempt to raise the price to $9.00 per hour, did not, out of the blue, announce this $9.00 increase to take effect immediately, but instead suggested this increase to be spread over a period of about three or four years. That is sound economic policy. a wise policy, because it took into consideration the effect of this price for labor on businesses and employers.

The question is:

Why did these economic advisers in Ghana,not emulate such policies, instead of boldly and insensitively, jumping the increase to 20%, with immediate effect.

The government should have thought and considered the welfare of the people, and spread this 20% increase over a reasonable period of time , for example, 5% increase in every six months, over a period of four years?

Please lets have a sound economic policy!

This article is closed for comments.

02-18 20:29
 
 
 
 
Re: Petroleum subsidy claim is fraud
Kofi Asaase Asa--- Mantukwa
02-18 20:31