John Jinapor, the Member of Parliament for Yapei Kusawgu, has urged the New Patriotic Party’s flagbearer to prioritize addressing the depreciation of the Cedi as a means to mitigate the impact of rising fuel prices, rather than focusing on debates ahead of the December elections.
Jinapor’s remarks follow the recent increase in petroleum product prices. He accused the government of causing financial losses to the state through ineffective implementation of the gold-for-oil policy, originally intended to curb persistent fuel price hikes.
“The 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 stabilising.
“The 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.
“And I 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.
