• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, June 7, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Opposition Calls For A Reduction In Fuel Prices

July 14, 2020
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
Opposition Calls For A Reduction In Fuel Prices

Sammy Gyamfi, NDC Communications Officer

The opposition party of Ghana, the  National Democratic Congress (NDC) has called on government to reduce fuel prices during this period of the COVID-19 pandemic outbreak.

At a press briefing, the communications Officer of the party, Sammy Gyamfi said that the call is important because in line with the social distancing protocols, commercial drivers have been asked to reduce the number of passengers they take and the reduction in turn has greatly reduced the incomes of transport owners who are still being asked to pay more for fuel.

RelatedPosts

Fuel Levy Is a ‘Necessary Evil’ — Energy Expert Kwame Jantuah

Africa Urged to Add 16 GW of Annual Power to Meet Energy Needs

BoG Records GH¢1.82 Billion Exchange Loss on Gold-for-Oil 

“This is unacceptable, and prices must go down immediately,”

he said

 Following an increase in fuel prices amidst the outbreak of the Covid-19, there were several calls by drivers unions in the country to the government to increase transport fare charges due to the ongoing pandemic, as a result government last week directed that effective Saturday 11th July 2020, transport fares should be increased by 15%.

This Mr. Gyamfi describes the situation as unfair because the pandemic has brought about financial challenges on drivers who have been asked to reduce the number of passengers.

According to him, it is only fair that the government reduces fuel prices in line with its directive, especially when there has been a significant decrease in fuel prices on the international market.

“We cannot end without asking the government to reduce fuel prices, in the face of the recent consistent increments at a time when crude prices have plummeted on the world market,”

he said

International Fuel prices decrease

Recent reports have also showed a decrease in oil prices globally due to the resurgence of COVID-19 picked up globally, especially in the world’s largest economy and consumer of crude oil (United States).

Background

The increase in the transportation prices follows an agreement between the government and transport operators in respect of the reduction of passengers in public transport in line with social distancing protocols.

The transport operators proposed an increment of 50 percent with the explanation that they were making losses.

But following a meeting with the government last week Tuesday, a 15 percent increment was approved.

The Deputy Minister of Transport explained in the radio interview that after considering both proposals, the government decided to approve the increment in transport fares by 15 percent.

Tags: COVID-19Fuel Prices
Please login to join discussion
Previous Post

Clit sucker toys are intensely powerful

Next Post

E-commerce being used as an avenue to dodge paying taxes – GUTA

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

HE President John Dramani Mahama
General News

Mahama charged to Scrap Underperforming Embassies to Save Millions

June 7, 2025
Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions
General News

Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions

June 7, 2025
MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support
Vaultz Business

MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support

June 7, 2025
Tory Turmoil Grows Amid Badenoch, Jenrick Rift
UK

Tory Turmoil Grows Amid Badenoch, Jenrick Rift

June 7, 2025
anti-corruption in Ghana
General News

Ghana’s Anti-Corruption Fight Fails Real Test

June 7, 2025
Russia Accuses Ukraine Of Postponing Prisoner Exchange
Europe

Russia Accuses Ukraine Of Postponing Prisoner Exchange

June 7, 2025
HE President John Dramani Mahama
General News

Mahama charged to Scrap Underperforming Embassies to Save Millions

by Evans Junior OwuJune 7, 2025
Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions
General News

Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions

by Silas Kafui AssemJune 7, 2025
MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support
Vaultz Business

MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support

by Stephen M.CJune 7, 2025
Tory Turmoil Grows Amid Badenoch, Jenrick Rift
UK

Tory Turmoil Grows Amid Badenoch, Jenrick Rift

by Lawrence AnkutseJune 7, 2025
anti-corruption in Ghana
General News

Ghana’s Anti-Corruption Fight Fails Real Test

by Lilian AhedorJune 7, 2025
Russia Accuses Ukraine Of Postponing Prisoner Exchange
Europe

Russia Accuses Ukraine Of Postponing Prisoner Exchange

by Comfort AmpomaaJune 7, 2025
HE President John Dramani Mahama
Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions
MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support
Tory Turmoil Grows Amid Badenoch, Jenrick Rift
anti-corruption in Ghana
Russia Accuses Ukraine Of Postponing Prisoner Exchange
[/vc_row_inner]

Recent News

  • Mahama charged to Scrap Underperforming Embassies to Save Millions
  • Foreign Indices in Ghana’s Contracts Raise Deep Policy Questions
  • MTN Ghana’s $300 million Investment Plan Gains GIPC’s Full Support
  • Tory Turmoil Grows Amid Badenoch, Jenrick Rift
  • Ghana’s Anti-Corruption Fight Fails Real Test
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.