{"id":1247576,"date":"2022-11-09T18:57:44","date_gmt":"2022-11-09T18:57:44","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/09\/400m-needed-to-import-fuel-a-month-dominic-nitiwul\/"},"modified":"2022-11-09T18:57:44","modified_gmt":"2022-11-09T18:57:44","slug":"400m-needed-to-import-fuel-a-month-dominic-nitiwul","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/09\/400m-needed-to-import-fuel-a-month-dominic-nitiwul\/","title":{"rendered":"$400m needed to import fuel a month \u2013 Dominic Nitiwul"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/FUEL.jpg\" \/><\/p>\n<div id=\"article-text\">\n<p>The Defence Minister, Dominic Nitiwul, has revealed that an amount of 400 million dollars is needed on a monthly basis to import fuel into the country.<\/p>\n<p>This, he said, is the extent to which the economy has grown.<\/p>\n<p>\u201cThe economy has grown to the extent that we need 400m dollars to import fuel alone a month,\u201d he said.<\/p>\n<p>He made this revelation in an interview on <strong>Asempa FM\u2019s Ekosii Sen <\/strong>on Wednesday.<\/p>\n<p>According to him, as a result of the growth, \u201cif the Bank of Ghana is not able to raise over 4 million dollars in a year, of foreign exchange for fuel, they would go to the black market.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p><div class=\"youtube-embed\" data-video_id=\"Mj0ChSOPKmo\"><iframe loading=\"lazy\" title=\"$400m is needed to import fuel a month \u2013 Dominic Nitiwul\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/Mj0ChSOPKmo?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<\/figure>\n<p>He went on to say that if the fuel mercenaries resort to the black market, the rate is determined, which weakens the cedi\u2019s value.<\/p>\n<p>The Defence Minister also urged Ghanaians to help build a strong economy.<\/p>\n<p>He advised business entities to cease importing rice, chicken, toothpick, vegetable oil etc.<\/p>\n<p>\u201cEven today tiles that we produce in the country are being imported\u2026All the things that can be produced in the country, why do you go to buy them from outside?\u201d he asked.<\/p>\n<p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Defence Minister, Dominic Nitiwul, has revealed that an amount of 400 million dollars is needed on a monthly basis to import fuel into the country. This, he said, is the extent to which the economy has grown. \u201cThe economy has grown to the extent that we need 400m dollars to import fuel alone a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1165813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[19863,2423,599,6095,2754,4085,20020],"class_list":{"0":"post-1247576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-400m","9":"tag-dominic","10":"tag-fuel","11":"tag-import","12":"tag-month","13":"tag-needed","14":"tag-nitiwul"},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1247576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1247576"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1247576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1247576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1247576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1247576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}