\n
Member of Parliament for Yapei Kusawgu,\u00a0John Jinapor, has called on the New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, to address the pressing issue of the Cedi\u2019s depreciation to mitigate rising fuel prices rather than focusing on debates ahead of the December elections.<\/strong><\/p>\nMr Jinapor\u2019s comments come in response to the recent increase in petroleum product prices, which has sparked widespread concern among Ghanaians.<\/p>\n
Speaking to journalists, Mr Jinapor criticized the government\u2019s economic management, particularly highlighting the ineffective implementation of the gold-for-oil policy.<\/p>\n
This policy was intended to stabilize fuel prices by leveraging gold reserves, but according to Jinapor, it has failed to achieve its objectives.<\/p>\n
\u201cThe 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 programme, the currency is not stabilizing,\u201d Jinapor stated.<\/p>\n
He emphasized that the\u00a0Cedi\u2019s\u00a0continued depreciation is driving up fuel prices and worsening the cost of living for Ghanaians.<\/p>\n
\u201cThe 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.\u201d<\/p>\n
Mr Jinapor urged Dr. Bawumia, who heads the government\u2019s economic management team, to focus on these critical economic issues instead of engaging in political debates.<\/p>\n
\u201cI 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.\u201d<\/p>\n
tigpost.co<\/p>\n
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Member of Parliament for Yapei Kusawgu,\u00a0John Jinapor, has called on the New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, to address the pressing issue of the Cedi\u2019s depreciation to mitigate rising fuel prices rather than focusing on debates ahead of the December elections. Mr Jinapor\u2019s comments come in response to the recent increase in petroleum […]<\/p>\n","protected":false},"author":1,"featured_media":200680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-200679","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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