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The presidential nominee of the New Patriotic Party (NPP) has claimed that the Mahama administration will soon reduce the prices of petroleum products in "desperate" move to get re-elected.
“We’re being told that very soon, they are going to reduce the petroleum (energy sector) levy (on the price buildup of petroleum prices)," he said on Friday whilst addressing students of the Sunyani Polytechnic.
He added: "We, in the NPP, have been calling for a reduction in the levy to bring relief to the people. But, they (Mahama government) said no. Once again, with the election around the corner, he is likely to do that (reduce the prices)."
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He slammed the president for keeping fuel prices high when crude oil prices in international market dropped to $35.
“Crude oil prices are coming down, but in Ghana, we are paying more for petrol. We are supposed to have an automatic price adjustment policy which should have brought down the cost of petroleum products, on the contrary, it is going up. Why?” he asked.
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The NPP flagbearer noted that “the economy has been mismanaged so much that with the weak currency we have, these crude oil prices don’t translate into a reduction in petroleum prices in Ghana. With four more years of Mahama, and when crude oil prices begin to climb, which they are bound to do, what is going to happen to us in Ghana? Our economy will be in tatters.”