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Archive for February 17th, 2013

A Better Subsidy Agenda. Critical News, 17th February 2013

Posted by Business in Ghana on February 17, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Last Sunday night, Government announced increased fuel prices 15% to 20%.  No proper announcement and no formality.  We woke up, some to Church, others to play a sport or two, others to write a column.  Stopped by the petrol station only to be told that the pump prices have gone up.  Calibration not yet in place, prices not displayed, you depended on the attendants to calculate on a piece of paper and you were told how much to pay.  This did not include jet fuel, of which there is a strident shortage.  Someone most likely got a tip-off and gouged some profit and the rest of us idiots were left in the dark.

In the run up there had been a lot of noise about lifting fuel subsidies again and a repeat of all the arguments to do and not to do.  I heard a very novel argument by Kofi Bentil of Imani at the CiTi Fm radio show.  He offered that, though he was a strong advocate to remove subsidies, because he and many other Ghanaians could not trust that Government would put the “savings” to proper use, leave the subsidies in place. Read the rest of this entry »

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