The Member of Parliament for Yapei Kusawgu, John Jinapor, has called on Dr Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), to prioritise addressing the depreciation of the Cedi and the accompanying rise in fuel prices instead of focusing on pre-election debates.
Jinapor’s remarks come in response to recent increases in petroleum product prices.
Speaking to journalists, he accused the government of causing financial losses due to ineffective implementation of the gold-for-oil policy intended to curb rising fuel prices.
“The managers of the economy have to sit up. And clearly, the Bank of Ghana is losing it. While the Bank of Ghana is spending millions of Cedis and dollars on the gold-for-oil program, the currency is not stabilizing,” Jinapor stated.
“The Cedi is depreciating, fuel prices are going up, cost of living is going up, and everybody is suffering. But worst of all, wages and salaries are stagnating. Wages and salaries are not going up. The managers of the economy have lost it,” he added.
“And I think that Dr Bawumia, instead of calling for a debate, should rather spend some time concentrating on managing the economy. He should stop the unnecessary call for a debate, do his work as the head of the economic management team and ensure that we deal with the ever-rising cost of fuel.”
SOURCE: Daily Mail GH with additional files from Citinewsroom.com
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