Business News of Wednesday, 15 January 2020Source: www.ghanaweb.comFlashback: Fuel price hike is inevitable – QuashigahFile photoFormer Minister of Food and Agriculture, Major Courage Quashigah (RTD), on January 15, 2003 stated emphatically that the increase in fuel prices was bound to happen looking at the economical state of the country. Speaking at the People’s Assembly in Ho, Major Quashigah explained that subsidizing fuel prices for Ghanaians who smuggle the product to other neighbouring countries to be sold at cheaper rates made no economic sense, hence, it was prudent for an increment in fuel prices. He also said fuel prices had risen by 18 percent due to the smuggling of the commodity to other countries. In reply, Mr Akorli contended that the anticipated fuel price hike coupled with tax increases necessitated about 50 percent increase in salaries. Major Quashigah, however, said the bloated Civil Service was a hindrance to salaries management in the Public Service.

Source: GhanaWeb January 15, 2020 13:18 UTC