A former spokesperson under the Kufuor administration says Ghanaians in general must take responsibility for the escalating Tema Oil Refinery Debt.
\nAndrew Awuni who is also the Executive Director of the Centre for Freedom and Accuracy told Joy News the endless calls for petroleum subsidies by Ghanaians is to blame for the debt.
\nThe TOR debt has become synonymous to Ghana\u2019s oil politics.
\nGovernments blame each other for leaving behind the strangling debt which makes it almost impossible for any planning to be done.
\nGovernment sources quote the current debt at GHS1.5 billion most of which it blames the previous NPP government for incurring.
\nThe previous government also inherited some of the debt, though small, in 2001 and instituted the TOR debt recovery levy as an element in the petroleum pricing policy in order to defray the debt.
\nThe party however ended up increasing the debt profile, after crude oil prices on the international market shot up to $147 per barrel in 2008.
\nExplaining the reasons for the increasing TOR debt, Andrew Awuni said governments are faced with a real challenge of fixing realistic prices of fuel anytime the commodity rises on the international market.
\nWorst still, some politicians he said play on the keyboards of people\u2019s emotions by pitching them against the government whenever it wants to fix realistic prices.
\n\u201cWhen some politicians join hands with citizens of this country to call for fuel price reduction and go on political agitation, demonstrations strikes and all that, basically what we are asking for is increased subsidies and perhaps increased debts,\u201d he told Joy News\u2019 Sammy Darko.
\nHe said it is even more difficult to understand why the same politicians will now turn around and blame previous governments for piling up debts.
\nHe dismissed assertions the turn of event is a demonstration of weak governments who crumble under political pressures from opponents and make decisions that may on the face value appear convenient but in the end are injurious to the economy.
\nMr Awuni called for more transparency in the petroleum pricing.<\/p>\n","protected":false},"excerpt":{"rendered":"
A former spokesperson under the Kufuor administration says Ghanaians in general must take responsibility for the escalating Tema Oil Refinery Debt. Andrew Awuni who is also the Executive Director of the Centre for Freedom and Accuracy told Joy News the endless calls for petroleum subsidies by Ghanaians is to blame for the debt. The TOR […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-273763","post","type-post","status-publish","format-standard"],"yoast_head":"\n