Petroleum prices should not be NDC and NPP matter. Let us look at the state of the economy first.
Petroleum prices should not be NDC and NPP matter. Let us look at the state of the economy first.
NPP FANATIC 9 years ago
GO AHEAD AND DEMAND!!! EMPTY BARRELS MAKING NOISE!!!!
GO AHEAD AND DEMAND!!! EMPTY BARRELS MAKING NOISE!!!!
Mahmoud 9 years ago
Have you ever seen prices go down in Ghana since you were born? Any promise of bringing the price down is a mirage. Could you remember all that they said when they were about to increase the price? They've got you and they'll ... read full comment
Have you ever seen prices go down in Ghana since you were born? Any promise of bringing the price down is a mirage. Could you remember all that they said when they were about to increase the price? They've got you and they'll never leave you easily.
KWAME-BELGIUM 9 years ago
It's a pity that some people are using prices of oil as political issue.
It's a pity that some people are using prices of oil as political issue.
Mike frm Ho. 9 years ago
I always agree with you Kofi Attah and Dr. Michael Bokor. I enjoy reading your articles. I think that between 20 and 25 percent reduction would have been more acceptable to us. A socialist orientated government like the NDC s ... read full comment
I always agree with you Kofi Attah and Dr. Michael Bokor. I enjoy reading your articles. I think that between 20 and 25 percent reduction would have been more acceptable to us. A socialist orientated government like the NDC say they outh to have done better than they are doing now.
chelma 9 years ago
Very balanced article with some food for thought. Any how one look at it, it is clear that we pay almost halve the price paid by the UK consumers. The issue relating to the income levels is debatable. In Ghana here, corruptio ... read full comment
Very balanced article with some food for thought. Any how one look at it, it is clear that we pay almost halve the price paid by the UK consumers. The issue relating to the income levels is debatable. In Ghana here, corruption, supper profits and underhand deals alone constitute about 90% of our income. What you see on the payroll is just the official income which does not form even 10% of our real incomes per month. A district coordinator for National Service Scheme is paid about GHC 1,500 a month. He is able to get over GHC 25,000 per month from underhand deals. What stop him from buying petrol at current prices?. Just think of it.
KKO 9 years ago
Kofi,
This article is not fair to Occupy Ghana. Sure, the government has been very dishonest with the people of Ghana, and that is what OG is trying to correct, so how do you paint them with the same brush?
Occupy Ghana i ... read full comment
Kofi,
This article is not fair to Occupy Ghana. Sure, the government has been very dishonest with the people of Ghana, and that is what OG is trying to correct, so how do you paint them with the same brush?
Occupy Ghana is simply using the government's own rhetoric against them. Didn't they promise to reduce fuel prices "drastically" if they won the election? What exactly did they do?
In the petroleum products price build up, there is a 15% exploration levy for GNPC, towards its exploration programme. Now that the corporation is earning money from the offshore production, where does that money go? Why can't the consumer be relieved of that burden? Then there is the other 15% levy for road maintenance. Since road users now pay tolls on most of the motorable roads in Ghana, doesn't the continued payment of that levy by taxpayers amount to double taxation?
So you see, by removing those two inimical charges, you are already getting close to the 50% that Occupy Ghana is asking for, even without taking into account that 40% worldwide fall in the price of crude oil.
Why should Ghana be saddled with an antiquated refinery which probably derives less than 45% for its stock feed? Clearly, it will be more economical to import all of Ghana's petroleum products requirement than the current jobs for the boys nonesense which isn't benefiting anyone except those in the create, loot and share inner circles.
Kofi Ata, Cambridge, UK 9 years ago
KKO, Occupy Ghana is not calling for the removal of the 15% exploration and the other 15% road maintenance taxes but demanding that because there has been 50% fall in the world market price of crude oil, then, the government ... read full comment
KKO, Occupy Ghana is not calling for the removal of the 15% exploration and the other 15% road maintenance taxes but demanding that because there has been 50% fall in the world market price of crude oil, then, the government or NPA must reduce the price of petroleum products by the same margin. That is what I analysed and concluded that their argument is irrational because all other elements that constitute the retail price of petroleum products in Ghana remain the same.
In fact, your last three paragraphs support my argument. Unless all elements constituting the retail price in Ghana are reduced by 50%, NPA cannot reduce prices by 50%. It's as simple as that. For example, here in the UK, there are no petrol attendants to fill your vehicle when you go to the pump but you do it yourself and you go and pay. So there are only one or two staff at the filling station. In Ghana there could me four, five or more so the cost of the retailer as well as their profit margins are also computed into the price. Is Occupy Ghana asking the retailers to reduce their staff costs, overheads and profit margin by 50%?
In the UK prices have been reduced by not more than 16%. This is a country that has refineries and a strong currency yet, 50% drop in price of crude oil has not resulted in a corresponding 50% price reduction at the pump.
My article is very fair because I looked at the both sides of the debate and even suggested a further price reduction by NPA.
KKO 9 years ago
Thanks, Kofi,
For the clarification. Yes, we need a complete overhaul of the energy sector, which will, unfortunately, result in some job losses, but ultimately make it more efficient and probably lead to better paying jobs ... read full comment
Thanks, Kofi,
For the clarification. Yes, we need a complete overhaul of the energy sector, which will, unfortunately, result in some job losses, but ultimately make it more efficient and probably lead to better paying jobs as well.
Whilst in Ghana recently, I noticed at several petrol stations that at any one time only one or two attendants would be serving, while the others conversed or simply stood idly by. The consumer pays for all that, I agree.
Kofi Q Ata is a fooooooooolll 9 years ago
Kofi Ata koku Ayidaho is a big foooool.
Kofi Ata koku Ayidaho is a big foooool.
Dorsir Peter 9 years ago
Some of u i don't known how u think,if day give ghana to some of u to rule just oneday u can't but u will eat nd drink thought dat is da way to rule ghana,fuel prices ar down u ar talking nd wen is up u will talk wat did u w ... read full comment
Some of u i don't known how u think,if day give ghana to some of u to rule just oneday u can't but u will eat nd drink thought dat is da way to rule ghana,fuel prices ar down u ar talking nd wen is up u will talk wat did u wat da govn't to do?day shud live us in peace.
Petroleum prices should not be NDC and NPP matter. Let us look at the state of the economy first.
GO AHEAD AND DEMAND!!! EMPTY BARRELS MAKING NOISE!!!!
Have you ever seen prices go down in Ghana since you were born? Any promise of bringing the price down is a mirage. Could you remember all that they said when they were about to increase the price? They've got you and they'll ...
read full comment
It's a pity that some people are using prices of oil as political issue.
I always agree with you Kofi Attah and Dr. Michael Bokor. I enjoy reading your articles. I think that between 20 and 25 percent reduction would have been more acceptable to us. A socialist orientated government like the NDC s ...
read full comment
Very balanced article with some food for thought. Any how one look at it, it is clear that we pay almost halve the price paid by the UK consumers. The issue relating to the income levels is debatable. In Ghana here, corruptio ...
read full comment
Kofi,
This article is not fair to Occupy Ghana. Sure, the government has been very dishonest with the people of Ghana, and that is what OG is trying to correct, so how do you paint them with the same brush?
Occupy Ghana i ...
read full comment
KKO, Occupy Ghana is not calling for the removal of the 15% exploration and the other 15% road maintenance taxes but demanding that because there has been 50% fall in the world market price of crude oil, then, the government ...
read full comment
Thanks, Kofi,
For the clarification. Yes, we need a complete overhaul of the energy sector, which will, unfortunately, result in some job losses, but ultimately make it more efficient and probably lead to better paying jobs ...
read full comment
Kofi Ata koku Ayidaho is a big foooool.
Some of u i don't known how u think,if day give ghana to some of u to rule just oneday u can't but u will eat nd drink thought dat is da way to rule ghana,fuel prices ar down u ar talking nd wen is up u will talk wat did u w ...
read full comment