Business in Ghana

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Archive for December 31st, 2011

Chinese Money, The New Safety Net

Posted by Business in Ghana on December 31, 2011

By Sydney Casely-Hayford, Sydney@bizghana.com

Two weeks on 11th December, I made the argument that Government had no choice than to raise fuel prices. https://thenewghanaian.wordpress.com/2011/12/11/expect-fuel-price-hike-soon/

I also said this would happen after Christmas or in the New Year and I predicted at least a 15% hike.  I was spot on.  December 29th, Government announced 15% increases in petroleum prices, except for Kerosene and Premix.  Both these subsidized fuels are “political fuels” used to stave off the inevitable rebellion by the poor but radical fisher folk. Read the rest of this entry »

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