Bad fiscal policy cause of high petrol prices – Nana Addo

General News of Thursday, 5 February 2015

Source: Adomonline.com

Fuel Pumps

NPP 2016 Presidential candidate, Nana Addo Dankwa Akufo-Addo has blamed the high price of fuel on the bad management of the economy by the Mahama-led administration.

Nana Addo speaking at a lecture organised in memory of the late J. B Danquah, said the government would have felt comfortable to reduce the price of the fuel if the cedi had been managed well.

“…Unstable currency cause of high petrol prices…,” he said.

Theme: ‘Danquah, the unfinished business’, the lecture was organised to climax the 50th Anniversary of his death.

Nana Addo as one of the speakers praised the achievements and accomplishments of the ‘doyen of Ghana politics’.

Government, despite a decrease in the price of the commodity could only reduce the price of the commodity by 10%.

This has been criticised as been woefully inadequate.

On governance, he said, J.B Danquah would have loved to see a better management of the economy for the betterment of the ‘Ghana he loved.’

Anything short of a better management, the NPP leader noted would have attracted dozens of letters of criticisms from Danquah.

“…In the face of the GYEEDA, SUBAH, ISOFOTON, Mahama would have received several lettets from Danquah.

The practice, he said would have been similar to what he did to Nkrumah.

Nana Akufo-Addo said the lack of confidence in Ghana’s economy would be restored by an NPP administration when voted into power in 2016.

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