Vice President John Dramani Mahama has stated that it would be unwise to continue subsidizing petroleum products, defending the decision of government to increase prices of petroleum products.<\/p>\n
The 15 and 20 percent hike in fuel prices since Thursday was influenced by the government\u2019s decision to withdraw subsidies on the products from next year, according to the National Petroleum Authority.<\/p>\n
Calls for immediate reduction of the products, so far, seem to have fallen on deaf ears.<\/p>\n
During an interaction with the Parliamentary press corps, Vice President Mahama said though the decision by government seems unpopular with Ghanaians it was in their best interest.<\/p>\n
Removing subsidies from petroleum products, he said, would enable government save funds for other important infrastructural projects.<\/p>\n
\u201cGovernments are there to take tough decision and we\u2019ve taken it,\u201d he remarked, adding: \u201cI\u2019m sure that Ghanaians understand the reasons why we have done that\u2026\u201d<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Vice President John Dramani Mahama has stated that it would be unwise to continue subsidizing petroleum products, defending the decision of government to increase prices of petroleum products. The 15 and 20 percent hike in fuel prices since Thursday was influenced by the government\u2019s decision to withdraw subsidies on the products from next year, according to the National Petroleum Authority. Calls for immediate reduction of the products, so far, seem to have fallen on deaf ears. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24852","post","type-post","status-publish","format-standard"],"yoast_head":"\n