The Member of Parliament for Yapei Kusawgu, John Jinapor, has called on Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), to focus on tackling the depreciation of the Cedi to mitigate rising fuel prices instead of pushing for debates ahead of the December elections.
Jinapor’s comments follow the recent hike in petroleum product prices. Speaking to journalists, he accused the government of causing financial losses to the state through the ineffective implementation of the gold-for-oil policy, which was intended to curb the increase in fuel prices.
“The managers of the economy have to sit up. The Bank of Ghana is clearly losing control. Despite spending millions of Cedis and dollars on the gold-for-oil programme, the currency is not stabilising.
“The Cedi is depreciating, fuel prices are rising, the cost of living is escalating, and everyone is suffering. Worse still, wages and salaries are stagnating. The managers of the economy have lost their way.
“Dr. Bawumia should focus on managing the economy rather than calling for debates. He should stop the unnecessary debate calls and do his job as the head of the economic management team to address the ever-rising fuel costs,” Jinapor stated.