Use GHC8 Billion Oil Profit To Cushion Citizens - Minority Charges Government

Use GHC8 Billion Oil Profit To Cushion Citizens - Minority Charges Government



The Minority in Parliament is asking the government to immediately deploy measures to cushion consumers of petroleum products in the country According to the NDC MPs, the government has made supernormal profits from the sale of crude oil as a result of the Russia Ukraine war. Addressing the media in the Parliament, the


Minority spokesperson on Mines and Energy, John Jinapor said the government has gotten more from the windfall on crude compared to what PIAC projected. He said even though the government projected to receive GHC6 billion in petroleum revenues for the 2022, the government has made over GHC8 billion in three months



as a result of the Russia Ukraine war. Mr. Jinapor is therefore asking the government to use part of the revenues to subsidize fuel prices to bring relief to the suffocating Ghanaians. 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 lawmaker stated. He said at the beginning of the year fuel that was selling



at Ghc6.5 cedis per liter has now increased by more than 300%. In less than one year. Indeed today fuel is more costly than even the minimum wage, he also added. Mr. Jinapor further described as a fallacy if someone should say that the government is not making anything from the nation’s petroleum revenue. I, therefore, call on President



Akufo-Addo and the outgoing Minister of Finance that they should do something about the price increment. They should also sit and think outside the box and apply these huge super normal profits to cushion the ordinary Ghanaian, he requested.