... Vague and Tentative Package to mitigate hardships The president announced a package yesterday to ameliorate the hardships being suffered by most Ghanaians as a result of increases in the prices of fuels and food grains. Giving a background to the crisis , the president indicated that the import bill for petroleum products has increased from $550m to $2.1bn between 2002-2007.He also pointed to the record price of crude oil on futures market coated at $135 per barrel. To back up his claims he further cited the food riots in other parts of the world especially in Africa. In order to make lives better for suffering Ghanaians the Government has announced some measures These include The removal of two forms of taxes on pre-mix fuels and marine gas oil. Reduction in the excise taxes on desiel Total suspension of tariffs on imported grains Subsidization of fertilisers.
Tuesday, July 15, 2008
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