Why do you want to me heard every time now? Yes we know that fuel subsidy does not exist. Enough. just shut up.
Why do you want to me heard every time now? Yes we know that fuel subsidy does not exist. Enough. just shut up.
DYKOSTIVE 11 years ago
politics is very funny. when you were there you never revealed this, why now?
politics is very funny. when you were there you never revealed this, why now?
JH-New York City 11 years ago
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned can ... read full comment
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned cannot figureout collecting duties in foreign is burden to the citizen and also put pressure on the Cedi .
JH-New York City 11 years ago
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned can ... read full comment
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned cannot figureout collecting duties in foreign is burden to the citizen and also put pressure on the Cedi .
SLUGISH 11 years ago
And we have been talking about this since Akyeampong used to subsidize it. Why haven't you said something about it until now? Did you use it to deceive ghanaians when you were energy minister? Is that all you can you your so- ... read full comment
And we have been talking about this since Akyeampong used to subsidize it. Why haven't you said something about it until now? Did you use it to deceive ghanaians when you were energy minister? Is that all you can you your so-called education to do?
humu 11 years ago
Really, then what happened in 2001 when the NPP government led by Kuffuor doubled the petroleum prices where were you, why didn't you come out to tell ghanaians the truth then why now!
Really, then what happened in 2001 when the NPP government led by Kuffuor doubled the petroleum prices where were you, why didn't you come out to tell ghanaians the truth then why now!
SGT ANANI FIADZOE 11 years ago
BOFOON like you if you think President
Kuffour doubled the fuel price as you
are claiming, it goes to show that the price of crude oil was not stable and was fluctuating and OPEC were to blame for it, as a result of their c ... read full comment
BOFOON like you if you think President
Kuffour doubled the fuel price as you
are claiming, it goes to show that the price of crude oil was not stable and was fluctuating and OPEC were to blame for it, as a result of their continious increasing the price of their crude oil at that time Ghana was without oil, now let me ask you
this can corrupt Mahama and his NDC
thieves and incompetent fools tell us
why such increases of petrol prices in our country without any crude oil price increases?
Do you know why, NDC emptied the entire Government of Ghana's kitty to
bribe people in the country to buy
their votes and shared the remaining
funds in the kitty, thinking that
though they have bribed people to vote for them (NDC) but nobody knows
incase their steal of the majority of
Ghanaian peoples conciens never worked
and they are leaving the Government,
Nana Akuffo Addo and his NPP incoming
administration will never get money
to fund free SHS education, so that Asiedu-Nketia the most notorious looter can laugh and desert the nation and go and live else where and
enjoy his booty. OK, now do you see
how dangerous your NDC so-called politicians are? This is the party
you vehemently supports.
Today in Ghana the entire nation can
never enjoy electricity and people are now turned on using "Lanterns"
some lights being used 1919 and beyond, no clean drinking water for
the people of our nation, Mahama has
teamed up with notorious thief Asiedu-Nketia engaged Chineese Galamsey to
poluted every clean water in our country for NDC individual own selfish interest.
Have you ever seen any President in our country with his brother purchasing Jets Aircrafts? Today Dramani Mahama and his junior brother
has robbed the Tax Payers of millions
of dollars to purchase two brand New
Jet Aircrafts for their own personal
usage after having bought 6 fleet of
Rolls Royce at the time the position
of Ghana's economical stability is in
chaotic, disarray and confused.
Is this the kind of politicians you
are blidly supporting and encouraging
to continue to rob the people of our nation, you don't think how our country can be progressed by employing competent and honest politicians who can help build our
country, but you support such a political party who can deceive, lie
and rob the majority people of this nation for their own selfish interest because you are an enemy to our country's progress. Are you happy with that and their political dubiousness, ask yourself how much money Mahama and his NDC bunch of criminals has used in paying dubious
judgement debts. Swine.
Mama Tula 11 years ago
As for this one Wireko Brobbey I do not agree with your so called energy expert brain. Dont throw dust into our face. If subsidy does not exist, then tell us who pays the difference between the high cost of crude oil which is ... read full comment
As for this one Wireko Brobbey I do not agree with your so called energy expert brain. Dont throw dust into our face. If subsidy does not exist, then tell us who pays the difference between the high cost of crude oil which is refined and sold to the public at less cost. Why did't you tell us this before ?? You are a confusinist and go away with it.
MENSAH 11 years ago
Mr.WEREKO BROBBEY has just said,the shortfall is paid through the same FUEL.PLEASE,READ WHAT HE SAID
carefully beforemaking any judgement.
Mr.WEREKO BROBBEY has just said,the shortfall is paid through the same FUEL.PLEASE,READ WHAT HE SAID
carefully beforemaking any judgement.
Agoh Dodoo 11 years ago
It is very sad how debate in Ghana, our beloved country are handled by technocrates. The debate has been going in all governments whether NPP or NDC. Each argues to suit his agenda. However, there is no technocrate who will c ... read full comment
It is very sad how debate in Ghana, our beloved country are handled by technocrates. The debate has been going in all governments whether NPP or NDC. Each argues to suit his agenda. However, there is no technocrate who will come out with the correct built up of the petrol price for all the educated people to know what is happening to thew price of the petrol. The price built up formula is available and this must be made public and explained before a decision to remove what is describe at subsidy in the price build up is removed. Today we are arguing with words and not facts. Our country is detroyed by the knowledgeable and not the uneducated.
JOE, UK 11 years ago
So NPP kept this secret during their 8 years' rule.
So NPP kept this secret during their 8 years' rule.
Ike Kumasi 11 years ago
GOVERNMENT FINDS MONEY AND PAY. IS HE LISTENING TO HIMSELF, I HOPE IS NOT WEREKO'S MONEY. IDIOT
GOVERNMENT FINDS MONEY AND PAY. IS HE LISTENING TO HIMSELF, I HOPE IS NOT WEREKO'S MONEY. IDIOT
Obenfo 11 years ago
I can't believe a scholar in Dr. Brobey's caliber will analyse information in such low standard. He knows the public is not bearing the full cost of the ex-refinery at ex-pump prices, so somebody is paying the difference.
... read full comment
I can't believe a scholar in Dr. Brobey's caliber will analyse information in such low standard. He knows the public is not bearing the full cost of the ex-refinery at ex-pump prices, so somebody is paying the difference.
1. Who is that somebody who has been paying the difference over he past 25 years which Dr. Brobey is referring to?
2. Before anybody will pay for something, that person must be enjoying some type of benefit. What benefit is that payer achieving as a motivating factor?
This man was the CEO of VRA for many years, and, if the content in the article is his style of presenting information to Ghanaians, then I am afraid, Ghana is really at risk.
Kwesi 11 years ago
I share the same view with Dr. Ok come to thing of it. there are taxes on this products so if govt removes the taxes the price would have been lower. Govt maintain the price and deceive us that he is bring money from some oth ... read full comment
I share the same view with Dr. Ok come to thing of it. there are taxes on this products so if govt removes the taxes the price would have been lower. Govt maintain the price and deceive us that he is bring money from some other place. I am tempted to believe in what Dr. said.
Kwaku Acpoli 11 years ago
Yes, Brobby is not an Economist. He is in fact and basic knowledge a Geologist. So, do not listen to him when discussing basic economic issues.
Yes, Brobby is not an Economist. He is in fact and basic knowledge a Geologist. So, do not listen to him when discussing basic economic issues.
C.Y. ANDY-K 11 years ago
I find the insulting comments on this serious issues completely unhealthy. Can we not for once address issues without the irrelevant insults?
Anyway, this subsidy debate isn't anything new. I recollect the NPP raising it i ... read full comment
I find the insulting comments on this serious issues completely unhealthy. Can we not for once address issues without the irrelevant insults?
Anyway, this subsidy debate isn't anything new. I recollect the NPP raising it in 1993 when in Ghana and Kwesi Botchway announced the budget. And it was there in the 1980s too, when the same Kwesi removed the so-called subsidy and said Ghanaians would pay the market prices for oil, and is crude prices fall, it'd be passed on to them in reduced prices. But then, when crude prices started to fall, rather than reducing prices, they hatched up the so-called Road Fund into which the windfall would be paid for use to build and maintain roads. Later, many other funds and levies were added to the price of oil which consumers pay. One such levy is TOR debt recovery fund, which goes to pay for debts incurred by failure to recover the cost of lifting oil by several petrol station owners who owe TOR billions! So in effect, the price of oil is much higher than TOR refinery cost plus profit. Now, why should Ghanaians be expected to be paying for the bad debts of those charlatans who are still being allowed to lift oil from TOR????
The so-called subsidy, after examining the arguments and the maths, is simply a reduction in the many taxes or levies the govt has put on refined oil in Ghana. It is a bloody ruse that there is a subsidy on petrol in Ghana! There is none!
Tarzan and my brother are very right that there is no subsidy on oil! I shall re-post my brother's article here for those who did not read it earlier to read it.
Andy-K
C.Y. ANDY-K 11 years ago
Feature Article of Saturday, 23 February 2013
Columnist: Kwawukume, Solomon
Fuel Subsidy In Ghana. Is It Real, A Myth Or A Hoax
Email this
Comments (17)
The main factor in petroleum product prices varying across co ... read full comment
Feature Article of Saturday, 23 February 2013
Columnist: Kwawukume, Solomon
Fuel Subsidy In Ghana. Is It Real, A Myth Or A Hoax
Email this
Comments (17)
The main factor in petroleum product prices varying across countries of the world is government policy. For example, many European countries tax gasoline heavily. Thus, the ex-pump price of gasoline is made up of 60% - 75% of taxes built in the price per litre.
Price per litre ranges from US$2 - US$2.63 across the continent with Netherlands, Norway, UK, Italy, France and Turkey topping the list with US$2.63. The heavy taxes collected are used to improve, expand and maintain the public transport system.
On the other hand in a few Latin America and Middle East countries such as Venezuela and Saudi Arabia, oil is produced by government owned companies and local petroleum prices are kept low, as a benefit to their countries’ citizens. For example, price per litre of gasoline in Venezuela is 5 cents, 20 cents in Saudi Arabia, 10 cents in Iran and 60 cents in Egypt. (Ref.: my travelcost.com).
In between the two extremes are countries that see the imposition of taxes on petroleum products as a source of mobilizing huge revenue for their governments because taxes on petroleum products are easier to collect than other forms of taxes after PAYE levied on workers. Ghana falls into this category.
The current debate ranging on about petroleum subsidies raises the question whether the government actually pays subsidies or it is a myth or a hoax. The reason why I pose this question is, prices Ghanaians pay for petroleum products already are on the level with prices in Russia and more than what the USA citizens pay. The price per litre of gasoline in Russia is US$1.03 same as in Ghana and 92 cents in the USA (Ref. My travelcost.com).
Before 2001 nobody heard about subsidies on petroleum products in Ghana for a long time. Tema Oil Refinery (TOR) was responsible for importation of crude oil, refining it into finish products and seling them to oil marketing companies (OMCS) for distribution. Before the establishment of TOR by Dr. Kwame Nkrumah, these OMCS were foreign and they imported the finished products and stored them in their own depots. TOR was also the sole importer of refined products to augment shortfalls especially when it had to shutdown for routine maintenance.
With the change of government in 2001 and the introduction of deregulation of the downstream petroleum industry we began to hear about subsidies on petroleum products again. Deregulation has taken away the monopoly TOR and the foreign OMCs used to enjoy. The floodgates were opened for the proliferation of several local oil marketing companies and Bulk Oil Importers of finished products. Implication of deregulation is importation of finished products at higher cost than if crude oil was imported and refined locally. Pricing on Production cost model changed to Import Parity Pricing Model to align prices to global levels. Thus the argument always raised for hikes in petroleum prices apart from the perceived and fictitious under recovery of cost are depreciation in the cedi and rising crude oil prices on the world market.
When Mr. Alex Mould hinted the increase in fuel prices using the above reasons, Dr. Wereko Bobbey and Mr. Kwasi Pratt Jr. challenged that, there has never been subsidies on petroleum products in Ghana and that figures should be provided to prove.
The NPA boss, Governor of the Bank of Ghana and the Minister of Finance said a total of GH¢1.2 billion was paid on subsidies to OMCs in 2012 and it is estimated GH¢2.4 billion would be paid in 2013 if prices were not increased. I find this assertion incredibly credulous. Is the rate of consumption of petroleum products increasing by 100% in 2013? Or, the number of registered vehicles and cars double in the year instantly to give rise to consumption which would warrant payment of that amount?
Reasons being cited by the Minister of Finance, the NPA boss and the Governor of the Bank of Ghana to support the increases are not true. Is the CIF cost of landing the petroleum products plus margins and handling charges greater than the ex-refinery prices approved by NPA to be charged by the Bulk Oil Importers? Or, is the ex-refinery price greater than the selling prices? If none of these two situations is happening there cannot be subsidies on petroleum products.
I, challenge the NPA boss to come out clean with all the break down and composition of the Ex-Refinery prices of the entire petroleum products in the name of transparency for all to see and comprehend.
After a thorough analysis, what the NPA and the government is referring to as subsidies are the differences between the Import Parity prices fictitiously determined and the Ex pump prices. Import parity pricing assumes what the petroleum products would sell at the pump in Europe at the retail petrol stations.
The Ex-pump prices are determined by adjusting the Import Parity prices which ensures the operators a comfortable profit margin they want. For example, the Import Parity price for super petrol was calculated to be USD 1.16 and adjusted to USD 1.07 to be the Ex-pump price. The difference of 13 cents, fictitiously created subsidy which the Bulk Oil Importers claimed they would have earned operating in Europe is what they want Government to pay as under recovery of cost. Complete deregulation would mean Ghanaians would have to pay prices comparable to those in Europe. This is a corporate fraud against the people of Ghana back by law passed by our Parliament. This is what Professors of law and economics come on air to defend as justifiable.
Depreciation of the cedi is another flimsy claim they made to support their argument to increase the fuel prices. Brent Crude oil that is used in determining the price, after reaching its peak of US$125 and above in 2010, the price of it has been falling, and currently fluctuates between US$110 -115. The fall of US$10 per barrel has offset any cost impact caused by the depreciation of the cedi from 1.50 to 1.90 to the dollar.
Diesel fuel is the main fuel for industry, transportation and the farming sectors. Any increase in its price has a negative cascading effect in the cost of daily living of all people, both rich and poor, but the poor suffers most.
I am surprised the Minister of Finance does not know this, and says the subsidies have not been properly targeted, if there is any at all. If they want to match fuel prices to international levels, why not also match the minimum wages to that level too?
It is only the Members of Parliament, Ministers and other Government Official who have attempted to match their salaries and other benefits to international levels - Animal Farm indeed. Minimum wages in Europe, USA and Canada are paid by the hour. For example, in Britain minimum wage per hour is about $8, one can buy about 4 litres with an hour’s wage. In Ghana a day’s minimum wage cannot buy you a gallon of petrol!
The current price levels of US$1.07 per litre or US$4.81 per gallon for super and US$1.08 per litre or US$4.86 per gallon for diesel makes them more expensive than in the USA, Russia, Angola, Sudan, Mexico and Egypt, to name a few. Are these countries too subsidizing their petroleum products and paying billions of dollars to OMCs in their countries?
A close study of the current situation indicates that it is the Bulk Oil Importers who are responsible for pursuing these price hikes. Their surrogates were the one who started calling for price increases and complete deregulation and aligning petrol prices to international price levels forgetting that economic conditions vary from one country to the other.
Matching fuel prices to global level translates into soaring profits to the Private Bulk Oil Importers. That is the real game.
It is vested interests of the Bulk Oil Importers that is at the root cause of the price increases. Consciously concealing the truth, they painted a sorrowful and miserable picture of government spending so much money on subsidies, thus denying resources for development.
Surprisingly, government officials, the elite in society, functionaries of the ruling party and the opposition have been caught up in this propaganda asking Ghanaians to bite the bullet in the interest of Ghana. Big money is at the centre of this game.
An analysis of the current price build up of the various products points out to my assertion. For example, the 34 pesewas increase in gasoline and diesel prices, 26.83 pesewas went to the Bulk Oil Importers and 8.17 pesewas was shared between BOST, OMCs and Station Retailers. The 61 pesewas increase in LPG all went to the Bulk Oil Importers.
Surprisingly, not a pesewa went into government purse even though ex-refinery prices of all the product went up. Excise duty which should increase remain the same; in fact, all government taxes remain static.
The NPA boss was only doing the bidding of the Bulk Oil Importers. There are no real subsidies on the petroleum products in Ghana. The cost of LPG at 88 cents per kilo is the highest in the world and he still tells us that there is 66% subsidy on it? If the so called subsidy is removed, which he has called for, then Ghanaians would have to pay $2.588 per kilo for the product!
I challenge the Minister of Finance, Governor of the Bank of Ghana and the NPA boss to publish the list of beneficiaries of the GH¢1.5 billion payment.
If it were true these payments were made I conclude it is a fraud and day-light robbery committed against the people of Ghana.
Mr. President, I urge you to properly investigate this matter by bringing independent International Auditors from outside to do this work. Mr. President, please hold and stop the impending price increases in the next two weeks and any further payments, if it is true Government has been paying this so called subsidies, to save your Government embarrassment from the Ghanaian masses. There are no real subsidies on petroleum products in this country.
Ghanaians are paying fair prices already. Dr. Wereko Brobbey who was once an Energy Advisor to this country had said it all, and everybody should believe him. Mr. President beware of the people surrounding you and advising you on this oil and gas matters; they all have vested personal interests. Ghana is secondary to them.
By: Solomon Kwawukume
solomon.kwawukume@yahoo.com
Author: Ghana’s Oil & Gas Discoveries: Towards Full Maximum Benefits
KOO 11 years ago
kwasi pratt told us this a month ago
kwasi pratt told us this a month ago
Luck 11 years ago
This question came up at fifi kwetey's vetting and from my understanding of what he said there were no subsidies as such.He argued that government absorbs the fluctuation of oil prices on the world market because of its volat ... read full comment
This question came up at fifi kwetey's vetting and from my understanding of what he said there were no subsidies as such.He argued that government absorbs the fluctuation of oil prices on the world market because of its volatility and that they intend to correct that by stopping the absorption.Perhaps that will mean the market dictating the price of petrol which will mean seeing different prices at the retail level from time to time.If you want to call that subsidy then that's fine.
Obenfo 11 years ago
If that is the case, the government is subsidizing. Any attempt to shield the public from bearing the full cost of the product while the difference is been paid with government funds is subsidy.
However, do prices go do ... read full comment
If that is the case, the government is subsidizing. Any attempt to shield the public from bearing the full cost of the product while the difference is been paid with government funds is subsidy.
However, do prices go down when world oil prices go down? If no, then who takes the profit, when worldwide oil prices fall and Ghanaians continue to pay standard ex-pump prices?
This thing is really getting convoluted, and needs competent people to straighten things up.
johnson 11 years ago
kofi wayo said this years ago
kofi wayo said this years ago
Barima Yaw 11 years ago
true
true
S L Y 11 years ago
Why is the government hiding the facts afterall we didnt hide our votes. be open and transparent with the people thats part of democracy. Hiding means corruption. ABI!!!!!!!!!
Why is the government hiding the facts afterall we didnt hide our votes. be open and transparent with the people thats part of democracy. Hiding means corruption. ABI!!!!!!!!!
OSEBO-UK 11 years ago
Yes,im absolutely support mr brobey attempt to bring sanity into ghana political arena which is full of filth of delibrate lies and propaganda misleading ghanians over how the real picture of the government business look like ... read full comment
Yes,im absolutely support mr brobey attempt to bring sanity into ghana political arena which is full of filth of delibrate lies and propaganda misleading ghanians over how the real picture of the government business look like those ignorant ghanians whose minds has been fully staffed with lies propaganda from the current govt and its pre-desuccessors. mr brobey specified that since 1989, there has been any petrolleum product subsidy by any govt. Therefore if that kofi bentil of imani group has any clarification or objeaction to what he(mr brobey)had said concerning the petrolieum subsidy issue, i think the wise thing to say is, first to find out whether is true that no govt subsidy product has been subsidized since 1989. Thats what we dont know and not what he trying to explain to us what it means of subsidy. Ghanian people has been kept in darkness for so long by so call politicians who only interest is to enrich themselves and keep the masses in the bottomless pit by sending out false information about the state economic and plitical affaires. They always make the people believe that the corporate ghana has no money, no assets like gold reserve in in bank of Ghana,no resources to sell to fund its own developmental projects and its annual budget. yes we were all made to believe that govt. subsidized petrollieum products since independence yet we dont know how much it buys on international market, for us to work out the difference and get the actual amount that it subsidized if its true. Behold, there are some of us whose minds are not polluted and can never be as my many fellow ghanians thoughts are. We know how things are done in tranparent, truth and honesty. We are also knowledgable and well informed up to date information around the globe. We are ready to educate, enlighten and shed the light to them for whats happening in the real world. we will teach and encourage how to fish out the authentic information for themselves without relying on those govt propaganda machinery such as radio and newspapers who are influenced and funded by govt and politicians. A time has come for ghanians to be honest, loyal and patriotic to their rotten nation Ghana by those corrupt,self-centered and greedy creeps so call politicians and be bold to call spade a spade. We must renew our mindset in all forms in culturally, politically socially and economically.We must encourage self confidence attitude and think outside the box. by these we can move the world and be part of world playing group like western developed nations and the newly emerging middle income economic nations like India,Brazil,Angola China, Dubia etc. contrary to this such as being too tie to political party pettiness of myopic ideas, propaganda will lead to chaos and destruction with hopeless future for 4 generation to come. Wereko brobey also says, how and what it suppose to be thats true stateman.Since many ghanians minds are in tune with those lies and propaganda, they always sees him as controvesial person until when those rotten propaganda staff in their brains got delected, there will always wrong percerption about him. but Mr brobey dont give keep it on with the truth and with time, the light shall overcome the darkness.
kokoty 11 years ago
who is fooling who?
who is fooling who?
MENSAH 11 years ago
He claims the government takes funds from the same FUEL he says he subsidises to effect that.MR.KOFI BENTSIL could not tell where the government gets that fund to settle the shortfall incured.AM I BEING RIGHT HERE?THAT IS WHY ... read full comment
He claims the government takes funds from the same FUEL he says he subsidises to effect that.MR.KOFI BENTSIL could not tell where the government gets that fund to settle the shortfall incured.AM I BEING RIGHT HERE?THAT IS WHY I SUPPORT MR.WEREKO BROBEY'S ARGUMENT.
Kwabena Apuntuah 11 years ago
IMANI is forgetting to accept the fact that, if the country is allowing the market forces to determin the prices of fuel in Ghana, we will not find ourselves in this situation. Ghana under the (P)NDC was paying more for fuel ... read full comment
IMANI is forgetting to accept the fact that, if the country is allowing the market forces to determin the prices of fuel in Ghana, we will not find ourselves in this situation. Ghana under the (P)NDC was paying more for fuel than what the market prices were? Where did the money go? Now if we allow TOR and the energy machinery we have in the country operate the way it should operate, this debate will stop. Truthfully, this whole subsidy thing is a hoax. These guys are telling us they are buying expensive finished product and subsidizing it for Ghanaians. Cool, what about if we can prove that they are buying Iranian and Russian oil on high seas cheap (because they are illegal sales)and creating and creating all these expensive invoices of subsidy. Allow the market forces to determine prices and create competition in the country with the necessary regulatory oversight and lets see whether the fuel proces will fall. These NDC people are "Stealers"
ADAMA IS MONKEY.
Why do you want to me heard every time now? Yes we know that fuel subsidy does not exist. Enough. just shut up.
politics is very funny. when you were there you never revealed this, why now?
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned can ...
read full comment
Moron IMANI. In Ghana education is used to Cheat their own people instead of helping them. As an example. Why is customs duty quoted or calculated in foreign currency and not in Cedis ? It's ridiculous how those concerned can ...
read full comment
And we have been talking about this since Akyeampong used to subsidize it. Why haven't you said something about it until now? Did you use it to deceive ghanaians when you were energy minister? Is that all you can you your so- ...
read full comment
Really, then what happened in 2001 when the NPP government led by Kuffuor doubled the petroleum prices where were you, why didn't you come out to tell ghanaians the truth then why now!
BOFOON like you if you think President
Kuffour doubled the fuel price as you
are claiming, it goes to show that the price of crude oil was not stable and was fluctuating and OPEC were to blame for it, as a result of their c ...
read full comment
As for this one Wireko Brobbey I do not agree with your so called energy expert brain. Dont throw dust into our face. If subsidy does not exist, then tell us who pays the difference between the high cost of crude oil which is ...
read full comment
Mr.WEREKO BROBBEY has just said,the shortfall is paid through the same FUEL.PLEASE,READ WHAT HE SAID
carefully beforemaking any judgement.
It is very sad how debate in Ghana, our beloved country are handled by technocrates. The debate has been going in all governments whether NPP or NDC. Each argues to suit his agenda. However, there is no technocrate who will c ...
read full comment
So NPP kept this secret during their 8 years' rule.
GOVERNMENT FINDS MONEY AND PAY. IS HE LISTENING TO HIMSELF, I HOPE IS NOT WEREKO'S MONEY. IDIOT
I can't believe a scholar in Dr. Brobey's caliber will analyse information in such low standard. He knows the public is not bearing the full cost of the ex-refinery at ex-pump prices, so somebody is paying the difference.
...
read full comment
I share the same view with Dr. Ok come to thing of it. there are taxes on this products so if govt removes the taxes the price would have been lower. Govt maintain the price and deceive us that he is bring money from some oth ...
read full comment
Yes, Brobby is not an Economist. He is in fact and basic knowledge a Geologist. So, do not listen to him when discussing basic economic issues.
I find the insulting comments on this serious issues completely unhealthy. Can we not for once address issues without the irrelevant insults?
Anyway, this subsidy debate isn't anything new. I recollect the NPP raising it i ...
read full comment
Feature Article of Saturday, 23 February 2013
Columnist: Kwawukume, Solomon
Fuel Subsidy In Ghana. Is It Real, A Myth Or A Hoax
Email this
Comments (17)
The main factor in petroleum product prices varying across co ...
read full comment
kwasi pratt told us this a month ago
This question came up at fifi kwetey's vetting and from my understanding of what he said there were no subsidies as such.He argued that government absorbs the fluctuation of oil prices on the world market because of its volat ...
read full comment
If that is the case, the government is subsidizing. Any attempt to shield the public from bearing the full cost of the product while the difference is been paid with government funds is subsidy.
However, do prices go do ...
read full comment
kofi wayo said this years ago
true
Why is the government hiding the facts afterall we didnt hide our votes. be open and transparent with the people thats part of democracy. Hiding means corruption. ABI!!!!!!!!!
Yes,im absolutely support mr brobey attempt to bring sanity into ghana political arena which is full of filth of delibrate lies and propaganda misleading ghanians over how the real picture of the government business look like ...
read full comment
who is fooling who?
He claims the government takes funds from the same FUEL he says he subsidises to effect that.MR.KOFI BENTSIL could not tell where the government gets that fund to settle the shortfall incured.AM I BEING RIGHT HERE?THAT IS WHY ...
read full comment
IMANI is forgetting to accept the fact that, if the country is allowing the market forces to determin the prices of fuel in Ghana, we will not find ourselves in this situation. Ghana under the (P)NDC was paying more for fuel ...
read full comment
Correction :pressure on foreign currency reserve.