Business News of Thursday, 26 October 2023

Source: www.ghanaweb.com

FLASHBACK: Sell the V8s and replace them with low-cost vehicles - Economic Fighters to Akufo-Addo

President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo

Government was asked to sell their luxury vehicles and replace them with low-cost vehicles on October 26, 2022.

According to pressure group, Economic Fighters League, this was a way to save the economy from collapsing.

Read the full story originally published on October 26, 2022 by ClassFM.

Pressure group, Economic Fighters League is proferring some measures for the adoption of the government to help save the economy from total collapse in the wake of the economic crunch.

In the group's view, it's high time government officials parked their fuel-guzzlong SUVs for low-cost alternative means of transport.

The group, in a statement issued on Monday, October 24, 2022, said each minister and deputy minister has two vehicles - one V8 and one saloon car.

"At the current rate, one land cruiser is not less than $100,000, that is more than GHC1 million.

"Currently, there are 86 ministers, meaning the total value of what they drive around is not less than GHC139 million," the statement listed.

"In addition, these cars have big engines that consume so much fuel. This fuel is given to all the ministers for free," the statement added.

Economic Fighters calculates: "Daily, these 86 V8s will consume not less than GHC1 million worth of fuel."

The pressure group is worried that it is a reckless and incompetent practice to keep these vehicles at the expense of the public purse.

"At this critical juncture, the best decision would be to sell all the V8 cars. This will not only get us money from the sales but will save us fuel," it reasons.

"This is what the Economic Fighters League would have done. #thealternativeiscoming," the statement ended.

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