General News of 2014-07-15

Ghanaians are paying for govt’s incompetence – K.T Hammond

A former Deputy Minister of Energy, K.T Hammond has attributed the increment in petroleum products to government’s incompetence and mismanagement of the economy.

Speaking on Eyewitness News, Mr. Hammond said “Ghanaians are being asked to pay for government’s maladministration.”

The National Petroleum Authority (NPA) on Sunday announced a 23 per cent increment in Petrol, 22 per cent in diesel and 23.75 per cent in kerosene.

The Ghana Private Road and Transport Union (GPRTU) also announced a 15 per cent increment in transport fares following the increase in petroleum products.

Some Ghanaians have expressed their displeasure about the recent hikes in petroleum products and transport fares.

Speaking in an interview with Richard Dela Sky, Mr. Hammond further attributed the increase in petroleum products to the continuous fall of the Cedi.

“Government accepts that consumers have to cough up more money because we have badly ruled the country and the economy to the extent that the Cedi is hopeless,” Mr. Hammond said.

He recalled that crude oil which used to be sold for 147 dollars in 2008 had surged to 150,00 dollars in 2014.