Business News of Tuesday, 4 May 2021Source: Starr FMA research analyst with the Institute for Energy Security Fritz Moses has described the latest fuel increment by the government as unjustifiable. According to him, the is unnecessary, adding that citizens must be made to understand the nuances surrounding an increment before carrying out the action. Fuel has gone up by some 4.4%, a move experts say will cause an increase in transport fares thereby triggering a hike in commodity prices. You don’t just wake up and increase these margins.”He added that “we’re going to see transport fares increase. He also told Francis Abban “if BOST is going to become a burden for us, we should privatize them.”“BOST doesn’t have financing cost.

Source: GhanaWeb May 04, 2021 10:18 UTC