A FURTHER TIGHTENING OF THE NOOSE

..........As Another round of Petroleum price increases is announced. In the mist of the unbearable hardship that Ghanaians are forced to endure, there has been another surge in the price of the all important petroleum products. This is the third increment since October.This time around theres is up to 7% increase in the price of premium petrol raising the price to nearly $5 per gallon. This makes petroleum product the priciest in the west African Region. This increment comes on the heels of a 40% increment in the tariff of water and electricity. Our insensitive government is pursuing a so-called policy of total cost recovery.This policy is bereft of any welfare considerations in a country with an absolute poverty level of 42%. Ghanaians are really going to suffer to make any meaningful stride towards prosperity with a government like the one we have now. The pass- through effect of a petroleum price increase is well documented in Ghana with food prices the most impacted .It will definitely not going to be aMerry Christmas for the average Ghana in.(Excluding the filthy rich politicians)